When setting up a business and deciding on entity type, most people are looking for 1) liability protection and 2) tax savings – specifically lowering self-employment tax liability. For small businesses, the two best options are the LLC or the S-Corporation, and many tax or legal professionals seem to advocate for one team or the [...]
Posts Tagged ‘real estate rentals’
LLC vs. S-Corporation, Round 1
Posted in Partnerships and LLCs, S-Corporations, Sole Proprietorships/SMLLCs, tagged entity selections, Limited Liability Company, LLC, Payroll Tax, real estate businesses, real estate rentals, S-Corporation, self-employment tax, Single-Member LLC, single-owner business, SMLLC, tax savings on May 1, 2009 | 4 Comments »
Self Rental Recharacterization
Posted in Individual Tax, Partnerships and LLCs, S-Corporations, tagged lease to shareholder, passive income, passive net losses, real estate rentals, recharacterization, Regs. §§1.469-2(f)(6), rental losses, self rentals, sublease to corporations on March 8, 2009 | Leave a Comment »
We have had passive activity rules for over 20 years and passive income recharacterization rules for close to 15 years, and it is surprising that there is still a lot of confusion and bad advice out there. In paticular, self-rental income and recharacterization are a prime example – especially for business owners who lease real [...]
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- Worker, Homeownership, and Business Assistance Act of 2009 - great CCH summary now available: http://bit.ly/3Sf5O3 1 week ago
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- Worker, Homeownership, and Business Assistance Act of 2009
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- Oregon Income Tax Increases – Sales Tax in Disguise?
- Single Member LLC Owner Liable for Unpaid Employer Payroll Tax
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