Tax returns

[Gooch]

I use Turbo Tax, but not the free one. Rental properties (and some other things) aren't addressed on the free one, so I pay for it. Still a lot cheaper than paying an accountant.

When did Fanning become a slum lord?

[felix rex]

I picture "do my own taxes guy" like a Jeremiah Johnson. I guess that's one way to live. 


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[yoEMAW]

I also use BITB, CPA.

3 4 of us.

Pretty sure I also use steve dave's CPA a.k.a. "Accountant to the Mods."

[pissclams]

steve dave's CPA has a webmail internet security issue, i wouldn't trust him/her.

[puniraptor]

I picture "do my own taxes guy" like a Jeremiah Johnson. I guess that's one way to live. 


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I've always been pretty jealous of that kingstud.

[yoEMAW]

steve dave's CPA has a webmail internet security issue, i wouldn't trust him/her.

 

That makes five!

[WonderMeal]

This is the kind of thread that makes me ask for goEMAW Premium gift cards for Christmas every year.

So hypothetically if someone had a rental property in an LLC...how many years could that LLC go making almost no money before it raised red flags with the IRS?

Someone please answer Emo EMAW's question, TIA.

Also, let's say you had a Canadian Friend who owned a rental property that wasn't in an LLC*. (Not ideal, I know.) How could this friend pay as little tax as possible?

PAGING CPACatz
*The rental property is not in Canada, it's in the US.