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    S Election Revocation- Residential Real Estate

    Posted in: All Member Forum

    This message was posted by a user wishing to remain anonymous I have a new client who created an LLC in 2021 to purchase residential real estate. The client also made a timely S election effective in 2021 for this LLC. The prior accountant filed the ...

  • Posted in: All Member Forum

    I'm a retired member who moved here from another state, and have no local CPA contacts. A friend of the family asked for advice for a relative who moved to Texas from Mexico (TN Visa) in February, 2023 and has worked here since then. Her spouse moved ...

  • Posted in: All Member Forum

    The IRS has publications that will guide you through this. The rent or allowance needs to be fair market value. I've never seen a minister pay rent to the church. ------------------------------ Daphna Simpson CPA Daphna Simpson CPA Seymour TX ...

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