Corporations and Income Taxes - Oy! - Posted by Newbie

Real Estate Investing
1

Posted by William Bronchick on February 02, 2001 at 10:00:06:

Read this article for a good summary on the issues:

http://www.legalwiz.com/articles/max.htm

I recommend Turbo Tax for filling in the forms. Once you figure out your expenses and income, the returns are a snap!

2

Corporations and Income Taxes - Oy! - Posted by Newbie

Posted by Newbie on February 02, 2001 at 09:10:24:

A couple of questions for everyone:

  1. What type of Corp. (or LLC?) are you using as your business entity and why? What are the pros/cons of the different entities for RE investing?

  2. Do you do your own taxes (egad! - have you read those forms???), and if not, what type of professional tax preparer do you use? (Any referrals for someone in the Balto/DC area who has expertise in preparing taxes for a RE investor?)

Thanks so much for all the knowledge here,
Newbie

3

Re: Corporations and Income Taxes - Oy! - Posted by William Bronchick

Posted by William Bronchick on February 02, 2001 at 10:03:42:

Read this article for a good summary on the issues:

http://www.legalwiz.com/articles/max.htm

I recommend Turbo Tax for filling in the forms. Once you figure out your expenses and income, the returns are a snap!