We are planning to buy a property for investment and are considering opening an LLC for the property investment. We have several questions: 1. Should we open the LLC before making an offer on the property, or can we buy the property under our names and transfer it to the LLC later? 2. Should we open the LLC under both my husband and my name, or just my name? I am a stay-home mom with no income. 3. Can we use the expenses for property repairs and improvements for tax deductions? 4. What are the tax implications of forming an LLC in terms of filing jointly and managing the property's expenses?

September 12th, 2023

Hi - I'm setting up a new company in Quickbooks and have a question about the Owner Contribution / Owner Equity account. I would be really easiest to speak with someone on the phone, if possible. Would someone be able to call me at (###) ###-####?

November 10th, 2024

What can I do if I'm facing an injunction from the State for a business that never started 8 years ago, and now they want taxes paid?

November 3rd, 2023

How is the income from inherited stocks figured? Is it based on the total value or the value gained between the time the stock was inherited and sold? What is the form number for reporting this income?

December 3rd, 2023

Our company, registered in Delaware, is opening an office in Tampa, FL. Are we required to register with the state of Florida, and what are the implications for taxes and confidentiality?

September 14th, 2024