Tips

Active participation as a real estate investor typically involves taking an active role in the day-to-day management of a real estate investment property or portfolio. This can include activities such as: 1. Property Acquisition: Searching for, evaluating, [...]

Reasonable compensation refers to the amount of compensation paid to an employee or owner that is considered reasonable and appropriate for the services they provide, given their role, responsibilities, and the market value of their services. For [...]

A S corporation must meet the following legal requirements: Be a domestic corporation Have only allowable shareholders, including individuals, certain trusts, and estates and Not more than 100 shareholders Have only one class of stock Not be [...]

Airbnb rental income is considered taxable income and must be reported on your tax return. Here's a brief overview of the tax implications for Airbnb rentals: Federal income tax: Airbnb rental income is subject to federal income [...]

A holding company is a type of company that doesn't have any operations or active business of its own, but instead owns other companies (subsidiaries) and holds their assets and investments. Here are a few ways a [...]

As a business owner, you can typically deduct the following legitimate business expenses: Advertising and marketing costs Employee salaries and benefits Rent for business property Utilities for business property Insurance for your business Office supplies and equipment [...]

S Corporation (S Corp) and C Corporation (C Corp) are two different types of business structures in the United States. The main differences between the two are: 1. Taxation: S Corps are pass-through entities, meaning the business's [...]

There are several reasons to establish a company in Delaware: 1. Favorable corporate law: Delaware has a business-friendly legal system with well-established case law, making it a popular choice for incorporation. 2. Efficient incorporation process: Delaware has [...]

An S corporation and an LLC (Limited Liability Company) are both types of business structures, but they have some key differences. An S corporation is a type of corporation that elects to be taxed under Subchapter S [...]

The capital gains tax rates in the United States vary depending on several factors, including the type of asset sold and the individual's tax bracket. For individuals: Long-term capital gains (held for more than a year) are [...]