asked
I have a Series Holding Company LLC that owns my real estate and a Property Management LLC that collects rents from my property manager. The Series Holding Company LLC has a bank account and the Property Management LLC has a bank account. How should the money flow through each account? Which account should pay the mortgage and which account should hold the profits?
November 6th, 2024
Does Ohio require S corporations to file Form FT 1120S?
February 22nd, 2024
I'm planning on buying a Chevy Bolt EV today, but should I wait a week to get the 2023 tax advantages?
March 20th, 2023
I need to amend a 2021 K-1 for our small business, which affected our personal tax filing. The K-1 indicates unreported earnings that we did not earn, likely due to my misunderstanding of some questions and inputting the wrong information. I used TurboTax software to file the original taxes, but I can't pull up the information on my computer anymore. I have the printed copy of what I filed. How can I amend this and what steps do I need to take?
April 1st, 2023
I have a business and my child helps me in the business. I have been told I can pay him up to $17,000 tax-free. Can I do this with an LLC or S corporation?
June 25th, 2024
I'm an Italian citizen with tax residency in the United Arab Emirates. I have an LTD in London and an LLC in Sharjah (UAE, which is tax-free) for my book publishing business. I want to avoid paying taxes in the UK. My plan is to create a structure where the LTD UK is a company trader, and an LLC Delaware is the holding company that owns 100% of the shares of LTD UK. The LLC Sharjah would receive all the money from LLC Delaware. My goal is to transfer all LTD's shares to the LLC Delaware. Can you help me? If 100% ownership is not possible, is it possible to do a cash pooling contract to share 90-95% of the shares so the LTD UK pays taxes only on the 5-10% it owns?
March 17th, 2023