The Small Business Tax Help Blog

Posts Tagged ‘llc’

How to get REO listings

Question: Corporation or LLC for RE Co & Why?

I’m opening up my own real estate company in Boston just me right now but might have a partner later on. Size will be considered fairly small probably 10 agents, couple of assistants and an office manager.

What should I do LLC or Corporation, and why?

On separate note, what do I do first file for EIN then LLC/Corp? or Vice Versa

Thanks in Advance for your Help.

Answer: Form an LLC. In most states its easier and has less regulation. It also gives you the same liability protection and allows you to file taxes easier.

The EIN comes after the LLC. You need to establish your LLC to ensure you can have the name you want, then get the EIN number and you might still need to provide your EIN to the sec of State

Burry Discusses Investing in Farmland, Real Estate, Gold: Video

Question: has anyone ever worked for SNOW GO LLC? If so, does anyone have their EIN number?

this company went out of business and i am trying to file my income tax and cant do it without their employer identification number. can anyone help??

Answer: It should be on your W2, which they legally need to give you whether they’ve gone out of business since your employment or not.

Investing & Money Management : Building Corporate Credit Without Using Personal Credit

Day Trader Business: Trader Entities with Steve Ribble (ShrinkMyTaxes.com) Pt.1

Question: Do LLC in Texas have to pay Self-Employment Tax?Can you give me a credible source from where i can confirm?

I am planning to start a Financial Consulting firm in Dallas in the state of texas. I was thinking about starting my firm as LLC. I was researching about it and on the internet, at some places it said that LLC has to pay self-employment tax and at some other places it said that it does not pay self-employment tax? Can you help me with that? If possible can u give me a credible source from where i can confirm that.

Answer: If an LLC elects to be taxed as a corporation, it would pay corporation income tax. Salary paid to the member would be a deduction. If it is a single member LLC that does not elect to be taxed as a corporation, the income would be reported on the single members income tax return as self-employment income subject to self-employment tax.

John Bullis: IRS will audit more rental real estate returns

If you have real estate property that is rented, you should be aware that IRS has been urged to increase the examinations of rental real estate.

Ch. 5 LLC State Tax & UI