A common question my clients ask is “Should I buy a house?” A logical extension of the question is “Should I live in the house, or would I be better off renting it out?” Actually, the question is more often phrased “What are the tax benefits of buying a house?” This can result in a …
Continue reading “Buying a House … Residence vs Rental Property”
Whenever a client tells me they’ve formed, or plan to form an LLC, I ask… Why? Especially if they don’t have partners in their business. The question takes a lot of people by surprise, because they just assume they need a company to start a business, or they think it’s the only way to achieve …
Who May Benefit This article may benefit you if: Your income is over $157,500 ($315,000 if married filing jointly),and You are: Self-employed, or A partner in a partnership or a member of an LLC that is taxed as a partnership Suggestion: You may spare yourself some reading by jumping to the two examples I provided …
Continue reading “Maybe You Should Have an S Corp – A Tax Planning Discussion”
Bruce Critchley Tax