LLC S Corp Book – Rental Property Book – Published by WCG CPAs & Advisors

Product Name: LLC S Corp Book – Rental Property Book – Published by WCG CPAs & Advisors

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Description:

Everything you need to help you launch your new business entity from business entity selection to multiple-entity business structures.

Designed for rental property owners where WCG CPAs & Advisors supports you as your real estate CPA.

Everything you need from tax return preparation for your small business to your rental to your corporation is here.

WCG’s primary objective is to help you to feel comfortable about engaging with us

Posted Monday, September 30, 2024

WCG CPAs & Advisors and Jason Watson, CPA, have released the 2025 Edition of Taxpayer’s Comprehensive Guide to LLCs and S Corps. Over 400 pages of pure pleasure! This edition has updated 2025 data such as IRA and 401k limits including Social Security wage limits, but it also has a bunch of new information spread out various chapters such as customized multi-entity structures, expanded reasonable shareholder salary sections, more tax reduction mechanics among various little tidbits gleaned from hundreds of small business consultations. Riveting!

How can I avoid self-employment taxes? This simple question was the inspiration for creating an article describing the benefits of an S Corporation. That original article, which was about four pages long, quickly became a series of Knowledge Base articles on the WCG website. The articles touched on basic topics such as how to elect S Corp status, shareholder payroll, reasonable salary determination and liability protection. Those broad topics demanded much more information, both horizontally by spanning into more related issues, and vertically by digging deeper into the granular yet riveting levels of the tax code. Beyond general S Corp benefits, our book will show you-

This book is written with the general taxpayer in mind. Too many resources simply regurgitate complex tax code without explanation. While in some cases tax code and court opinions are duplicated verbatim because of precision of the words, this book strives to explain many technical concepts in layperson terms with some added humor and opinions. We believe you will find this book educational as well as amusing.

Each week we receive several phone calls and emails from small business owners and other CPAs across the country who have read our Taxpayer’s Comprehensive Guide to LLCs and S Corps and praised the wealth of information. Regardless of your current situation, whether you are considering starting your own business or entertaining a contracting gig, or you are an experienced business owner, the contents of this book are for you. Here are some testimonials to make you feel better (of course we only picked the good ones… just like referrals)-

Ronny R. says, “I enjoyed it! Gave me lots to talk about with my CPA.“

Britt S., Esq. says, “Thank you so much for speaking with me last week! You are amazing and I greatly appreciate all of the information you emailed me. I am in complete adoration of your book!”

Lisa A. says, “Detailed information about the pros and cons of creating a small business. Lots of great detail about the tax benefits and consequences. NOT a ‘dummies’ book – it assumes you already have some background knowledge.“

Brett B. says, “I read your ‘Comprehensive S Corp’ book. Wow. You blew my mind. I thought I understood S Corps.”

Larry M. says, “I found it helpful, but could have gone into a little more detail. There is one main way to save money as an s corp, and how to determine ‘how much you can get away with’ could have been expanded on a bit more. Otherwise, pretty good guide.“

M.S. says, “Great read for first time self-employed corp owners. Covers all the main basic of taxes and caveats. Well written and simple to understand for those not well versed in tax law.“

While this book’s origins were based on reducing self-employment taxes through an S Corporation election, it has dramatically expanded to sound business advice from entity structures to operational considerations to business tax deductions and retirement planning.

Enjoy! And please send us all comments, hang-ups and static. This book is as much yours as it is ours, except the tiny royalty part- that’s ours. Stop by and we’ll buy you a beer with the pennies.

If you buy our 430-page book and think that we didn’t help you understand small business tax law or the benefits of S corporations, let us know. We never want you to feel like you wasted your money. If you are ready to add some insightful reading into your day, click on one of the preferred formats. Amazon is processed by Amazon, and the PDF is safely processed by ClickBank who will email you the PDF as an attachment.

Here is our PDF version of the book. 2021-2022 edition. Check it out today!

Explore LLC and S Corp guide excerpts from our 420+ page book with insights and helpful tips.

We have lots of additional material on the ins and outs of taxes. Check it out!

Determine a reasonable S Corp shareholder salary by avoiding extremes and using fluid guidelines.

Understand the differences between sole proprietorships, SMLLCs, and S Corporations for taxation.

Save on taxes with WCG! Expert S Corp elections, 100% success, even if you’re filing late.

I just got a rental, what do I do? Purchasing a rental property is certainly challenging, but operating one to build wealth and find tax efficiency is equally challenging. This is our second book. Our first book, Taxpayer’s Comprehensive Guide to LLCs and S Corps, was first published in 2014 and was well-received by small business owners and tax professionals, so we thought a book on rental properties and real estate investments would be equally helpful. So, here we are with our second iteration, or the 2026 edition. We update it frequently throughout the year (last update was April 5, 2026).

Our rental property book starts with entity structures and moves into asset management such as acquisition, cost segregation, rental safe harbors, repairs versus improvements, accelerated depreciation, partial asset disposition, and 1031 like-kind exchange. From there we discuss various rental considerations like passive activity losses, short-term rental loophole, real estate professional status, and material participation including what time counts, and what time doesn’t count.

Finally, the good stuff! Rental property tax deductions such as travel, meals, automobiles, interest tracing, home office and common expenses. Fun!

WCG has a team of real estate CPAs ready to assist you with your rental property and real estate investments. Very few tax professionals and CPA firms specialize in real estate to provide you solid consultation, tax planning including tax reduction strategies, and tax return preparation. We are experts in-

This book is written with the general rental property in mind. Too many resources tell you the general rule but don’t bother to back it up with Internal Revenue Code, Treasury Regulations and Tax Court cases. Our book lays it all out, explains the madness, adds some humor and various conundrums. Example? Water heaters and hot tubs- crazy stuff to consider.

If you buy our 530+ page book (yeah, thick, there are some picture pages, but no scratch and sniff) which was updated April 5, 2026 and think that we didn’t help you understand rental property tax laws, let us know. We never want you to feel like you wasted your money. If you are ready to add some insightful reading into your day, click on one of the preferred formats. Amazon is processed by Amazon, and the PDF is safely processed by ClickBank who will email you the PDF as an attachment.

Explore Rental Property guide excerpts from our 390+ page book with insights and helpful tips.

This is a good launching point for common real estate investment and rental property matters.

We have lots of additional material on the ins and outs of taxes. Check it out!

Not every tax strategy belongs on your tax return. The Aspen Tax Strategy Series is a structured three-session engagement designed to cut through the noise, pressure-test your options, and deliver a blueprint built around your actual numbers, risk tolerance, and wealth goals.

Is our Aspen Engagement right for you? Learn how we map the taxable surface, pressure-test the path, and build a strategy that works. Schedule a kickoff conversation when you’re ready.

At WCG CPAs & Advisors, our advisory services are built on a simple principle: start with a strong foundation, then customize where it matters.

We begin with one of three core advisory platforms: Keystone, Copper, or Breck (yes, we’re from Colorado). These platforms deliver the fundamentals of proactive tax strategy, forward-looking projections, and year-round compliance.

Once that baseline is in place, we customize the perimeter. If your situation calls for S Corp optimization, deeper strategy sessions, short-term rental planning, or managing a portfolio of K-1 investments, we simply layer those services into your engagement.

Most firms sell packages. We build systems. Yeah, OK, we might have taken that too far. At any rate, here we go-

* Our platform fees are annualized. As such, your monthly fee will change depending on onboarding date. Around August or so, we switch to an a la carte fee for the remainder of the year, invoice tax return preparation separately, and start January with the monthly fee.

** Breck does not include payroll planning and a second tax strategy session. Please see Vail below for another option.

Forward-looking projections, scheduled strategy sessions, and proactive year-round planning.

The strategies promoters love and the IRS scrutinizes. We cover both sides of that equation.

Our advisory platforms incorporate a Master Service Agreement (MSA) which is legal speak for fine print.

Rental properties are not just investments. They operate like businesses with unique tax considerations at every stage, from acquisition to sale. Our Rental Property Platform Extensions layer onto your baseline advisory services to ensure your deductions, repairs versus improvements, material participation, STR loophole and REPS compliance, and reporting are handled correctly and strategically. Oh, let’s not forget about pesky state issues.

Done right, they produce meaningful tax savings. Done wrong, they create long-term problems.

The following tax return preparation fees will be added to your annual advisory platform above. Your first long-term rental is included.

These fees are usually one and done prep fees so it doesn’t make sense to include them in an annual advisory agreement. They will be invoiced separately.

See our rental property tax preparation page for more information including why you must file a state tax return even if your rental activity loses money. A real-page turner.

Prep fees, STR loopholes, cost segregation, REPS, 1031 exchanges, and state surprises.

A dedicated pod for complex tax strategy covering rentals, niche assets, and alternative investments.

Specialized assets with serious depreciation potential, ranked from gateway plays to danger zones.

Besides rental properties, two common extensions that we commonly add to our advisory platforms are K-1s and states.

Not all K-1s are created equal. Our K-1 Platform Extensions manage your tax basis, historical data, and multi-state footprint accurately from day one to prevent exit surprises.

Investing across state lines turns tax compliance into a minefield. Our State & Local Platform Extensions handle the complex apportionment and filing requirements triggered when your money travels.

See our individual tax preparation page for more information including general fees for K-1 and state matters, including our state income apportionment page. Riveting stuff!

While our custom advisory platforms are built for flexibility, we also offer a focused, proven solution for S Corporation owners. Think of it as the Chef’s selection: no customization needed, just a proven combination that works.

Over 90% of S Corps are single-owner businesses. The Vail platform is designed specifically for these operators, delivering a structured blend of compliance and proactive tax strategy through more than eight touchpoints throughout the year.

Vail is ideal for small business owners and 1099 contractors who want consistent guidance without building a fully customized engagement.

Vail includes everything in the Breck platform, plus a second tax strategy session, a dedicated payroll plan, and ongoing payroll support throughout the year. It’s built for S Corp owners who want that extra layer of compensation strategy baked in from day one.

Thinking about a short-term rental but not sure if the numbers actually work for your situation? The STR Quick Launch is two focused 75-minute sessions designed to walk you through the loophole fundamentals, stress-test your material participation reality, and model the first-year tax impact before you write the big fat check and take on equally big fat debt (all for a potentially good cause though!).

Short-term rentals can build wealth and save taxes. They can also backfire. Learn how we separate viable strategies from bad bets before you write the big check and say “I do.”

Are you interested in business advisory services? Just tax return preparation? Do you own a rental property and need assistance? Let’s chat!

Let’s schedule a 20-minute discovery meeting with one of our Partners or Senior Tax Professionals to understand your tax footprint and objectives, and how WCG CPAs & Advisors might help.

Need to get in touch through a quick text? We’ll respond back within a day and get going!

Need to speak to a tax professional now? Give us a call 719-387-9800 and we’ll get you connected.

Taxes can be tricky. Chat with a WCG human now and get questions answered.

We publish our typical fees, but then again they are scattered across several pages and sections of our website. Click below for a consolidated no thrills fee table that combines all our various fees for tax return preparation, tax resolution, accounting services, payroll processing and business services into a simple one pager (you might have to scroll a bit).

Here are some quickie FAQs to learn more about WCG CPAs & Advisors, and how we do business-

Nope. We have a t-shirt that reads, “Hate extensions. Love our summers.” We file 65% of our tax returns by April 15, and only extend per the client’s request or if there is missing data such as a rogue K-1. We’ll go as quickly as you let us! Also, we don’t have A listers… we prepare tax returns in first-in first-out sequence. Sure, we leave room for emergencies (buying a house, FAFSA, etc.) or other issues that allow for jumping the line.

Structured touchpoints don’t just keep you informed, they prevent the scrambles that feel like emergencies in the first place. As the old adage goes, there are no accounting emergencies, only poor planning.

Here is the typical meeting cadence for our Advisory Services, roughly 8 to 9 meetings and 6 to 8 hours of focused time per year:

Strategic Milestones: We Reach Out to You

These are on us. We will email, text, and call to get these on the calendar.

On-Demand Support: You Reach Out to Us

A good engagement runs both ways. We chase you for the important ones; these are yours to schedule based on your timeline and needs.

We prefer scheduled video meetings via Teams but a phone call or in-person works too.

Discover practical strategies for reducing taxes while keeping you on the right side of things.

Impactful tax strategies take three things- money you can part with, effort (participation) and risk (financial and audit).

Here is a list of things to consider as December 31 rolls around.

We rely heavily on email and text, but we are not allergic to the telephone. During friendly hours (let’s call it 8AM to 7PM, including weekends) we will often just call you if we have a quick question or need clarification. It is usually faster for everyone.

That said, email is a wonderful tool for sending documents, memorializing decisions, and asking simple yes or no questions. It is also a terrible tool for explaining complex tax strategy. To keep things efficient and sane, we operate under two primary communication rules.

To produce high-quality work, our tax team needs uninterrupted focus. As such, we generally process email on Mondays and Thursdays. Why? It allows us to stay heads-down in your data on Tuesdays, Wednesdays, and Fridays without distraction.

Need us sooner? Call us. If something is time-sensitive, a 5-minute phone call beats a 3-day email wait every time. We are committed to responding to all emails within 3 business days.

If your email requires more than 5 to 10 minutes to answer, we will not reply via email. Instead we will call you or send a calendar link to discuss. Why? The PB&J concept.

Everyone loves a peanut butter and jelly sandwich. But trying to explain how to make one via email takes 45 minutes. Seriously. Crunchy or smooth? Strawberry or grape? Diagonal cut or straight? Toasted?

We could trade 15 emails debating jelly, or we could have a 12-minute conversation, build the perfect sammy, come away more fulfilled, and move on with our lives.

We know conversations blur fast for busy people. After every meeting we send a recap email to memorialize the discussion. This recap also gets captured by our workflow software so your entire WCG team stays in the loop.

We always make room for military clients on secure bases, expats in challenging time zones, and anyone with accessibility needs who requires email as their primary channel. Just let us know and we will work around it.

So many things appear to be tax-related but are actually investment-related. While we appreciate the trust you place in us, not everything with a dollar sign belongs in a tax conversation.

We operate under a Stay in Our Lane philosophy. Even though we have CFPs and former financial advisors on our team, when we are wearing our CPA hats we defer to those who provide financial planning and retirement advice on a daily basis. There are legal and suitability reasons for this, not just modesty.

Here are a few common examples of how to tell the difference between a tax question and a financial advisor question.

WCG: Be mindful of having all your investment cash illiquid or trapped in a qualified retirement account. There are other ways to build wealth with tax efficiency, including real estate, structured equipment leases, and working interests in oil and gas wells among other advanced tax strategies. Compensation models and scope of services can influence which strategies are discussed, which is why coordination matters. WCG does not promote a particular investment- we are agnostic.

WCG: It depends on your age and projected retirement income. Keep in mind the Rule of 72 where your investment generally doubles every 9 years. If you are 40, you might have three doublings before you need the money. Please coordinate with your financial advisor, and know that we have strong feelings about Roth contributions.

WCG: The tax benefits can be significant, especially with cost segregation and short-term rental strategies. That said, this only works if the deal makes sense financially and you can meet the participation requirements. We’ll model the tax impact and help you avoid overpaying for a deduction.

WCG: Let’s pair that conversion with a cost segregation study on your short-term rental to offset the tax hit. Or consider other niche assets with large first year depreciation.

WCG: We can calculate the Required Minimum Distributions and the tax bite, but the growth strategy belongs with your financial advisor. This is a clean handoff and we are happy to make it.

Your job is to ask us anything. Our job is to either answer it or say we are unable to help but we know who can. That is not punting. It is staying in our lane for legal and suitability reasons, and deferring to people who are better positioned to help. The accounting, financial planning, and legal industries punt more than they should. We are trying to buck that trend, but at times we must defer to others.

One more thing: we are happy to interface directly with your financial advisor. It cuts through the shuttle diplomacy and inherent miscommunication that comes from playing telephone between two professionals who both want the same outcome for you.

For tax preparation and advisory, you will be assigned a two-person team so there is always coverage. Teams are assigned based on your initial conversation, subject matter needs, and overall capacity. This will be your Client Manager and your Tax Accountant. Your Client Manager might be a Partner or Tax Manager.

Your core team owns the relationship and works with you throughout the year. There are some ancillary pieces as well-

So depending on your engagement, you might work with two to four people at WCG. We think that is a feature, not a bug. Specialization matters.

At the center of it all is your Client Manager. They are the conductor, coordinating your team and keeping everything aligned. You can always reach out to them directly, at any time, for anything.

If you ever find yourself thinking, “I’m not sure who to contact,” just reach out to your Client Manager. They can walk you through the batting lineup so you understand each team member’s role.

WE ARE REVAMPING OUR FEE PAGE LIVE OVER THE NEXT DAY OR SO…

Our accounting services go beyond simple data entry by pairing professional bookkeeping with high-level financial analysis to help you understand exactly where your business is headed. Whether you are an S Corp owner or a real estate investor, we provide the “defensive” accounting needed to protect your tax deductions and ensure your books are always tax-ready- planning or preparation!

Fine Print: Starting accounting service fees are based on 2 bank accounts (one checking account and one credit card is 2 accounts) with less than 250 monthly transactions. Our fee does not include the QBO subscription fee from Intuit. Custom quote is available if you have a lot going on such as third-party integrations (POS, time billing system), accrual accounting method, extensive benefits packages and / or industry specific issues (e.g, job costing in construction). The first step for Accounting Services is to do an accounting assessment with one of our experts to determine scope, service level and ultimate fee (see button below).

The following are additional business services to get your venture launched and on the way. Some of these are teased out separately as one and done fees like formation and onboarding stuff.

Our entity relocation package includes closing your current payroll accounts, opening shiny new ones, moving your entity with the Secretary of State (if applicable) and updating addresses as necessary.

Speaking of address changes… these are tough. Basic address changes require IRS, State Department of Revenue and Secretary of State notifications. Address changes that include payroll add another level of complexity since departments of revenue are not the same as departments of labor, and there might be local or municipal agencies as well.

Best reason to use a small business accountant is to allow you to do what you do best with your time.

Learn how WCG can help you with your Accounting Assessment needs.

Determining a reasonable shareholder salary and reasonable officer compensation is the murkiest part of running an S corporation.

Business entity selection is important, but it is not cast in stone. Many businesses often start off as one entity type, and then later convert.

A lot of small business owners, especially solo operators, work from their home office.

The S Corp election takes your LLC (or PLLC or C Corp or PC) and changes the way it is taxed to reduce self-employment taxes. The underlying entity remains intact. Only the way it is taxed changes.

WCG’s advisory engagements are billed on an annualized basis and are tied to defined deliverables and scheduled advisory touchpoints. These typically include tax return preparation and review, a pre-planning meeting, a tax projection deliverable and review, and periodic scheduled quick chats (May to Nov). Our Business Advisory Services (BAS) engagements also include tax advisory meetings and an end-of-year wrap-up meeting. Because these services are scheduled and delivered over the course of the year, our annual advisory fee does not fluctuate based on when individual services are used or delivered.

When an engagement begins partway through the year, the total annual fee is prorated over the remaining months of the year. As a result, the monthly billing amount will be higher, even though the annual fee itself remains unchanged and reflects the full scope of advisory work to be delivered.

Beginning in August, WCG no longer bundles tax return preparation into new annual advisory engagements. Frankly, bundling everything into a single monthly number can look unusually high and distract from the actual year-round planning work we deliver. Instead, advisory services will be structured as a custom annual fee covering the remaining or needed planning and advisory work, including pre-planning meetings, tax projections and reviews, tax advisory meetings, periodic scheduled quick chats, and an end-of-year wrap-up meeting.

Tax return preparation including review will be invoiced separately at the time the tax return is prepared, typically during the following tax season. This structure more closely aligns advisory fees with year-round planning work and separates compliance services that occur at a different point in time.

WCG has shifted payroll to a setup-and-planning model. Ongoing payroll processing is not sustainable at the market price point for a CPA firm, and this change allows our tax advisors to focus on higher-impact tax planning and strategy for clients. It also allows our team to spend more time on tax return optimization. In short, we are doubling down on what we do best.

We continue to support payroll through proper account setup, training, and payroll planning, while ADP handles the compliance engine, including calculations, filings, deposits, and year-end forms. This approach provides clients with flexibility and control while ensuring payroll is handled correctly. Learn more here.

You can prepare your own individual tax return as well… but the benefit of WCG preparing both individual and business tax returns is that we can slide things around depending on income limitations, phaseouts, Section 199A deduction optimization, pass-through entity tax deductions (PTET), etc. Having our arms around both worlds can create real tax savings!

Note: An individual tax return is what the IRS calls Form 1040 and refers to the entity filing the tax return (you, the individual, are the entity). However, a married couple are deemed to be one entity for the sake of an individual tax return. So, when we say we will prepare your individual tax return, it is meant to include your spouse in a jointly filed happy happy joy joy tax return.

This doesn’t factor in the lower audit rate of S Corps versus Schedule C activities, plus the ability to use business funds to pay for your state income taxes otherwise known as the Pass-Thru Entity Tax Deduction (PTET) or the great SALT workaround.

We are not salespeople. We are not putting lipstick on a pig, and trying to convince you to love it, even if Tom Ford’s Wild Ginger looks amazing. Our job remains being professionally detached, giving you information and letting you decide.
Moreover, many CPAs and tax professionals thrust their risk aversion onto their clients. This is bad. At WCG CPAs & Advisors we must perform our due diligence and hurdle our ethical and professional standards. However, after those gymnastics we present a risk-based analysis to the tax return and let you, the client and taxpayer, decide how to proceed. Having said that, we don’t entertain tax scammers or those who can take down the ship. Arthur Anderson anyone? No thanks.

We also see far too many crazy schemes and half-baked ideas from attorneys and wealth managers. In some cases, they are good ideas. In most cases, all the entities, layering and mixed ownership is only the illusion of precision. Just because you can complicate the crap out of your life doesn’t mean you must. Just like Chris Rock says, just because you can drive your car with your feet doesn’t make it a good idea.

Here is a brief summary of the next steps should you want to engage WCG with Business Advisory Services or Tax Patrol-

Your corporation or LLC taxed as S Corp shouldn’t change much but there are some gotchyas.

WCG are business consultants first and accountants second.

Late S Corp election can easily be done well into 2025 for 2024 but there are hiccups.

As mentioned elsewhere we primarily focus on small business owners and real estate investors, and their unique consultation and tax preparation needs. With over 90 full-time consultation professionals including Certified Public Accountants, Enrolled Agents and Certified Financial Planners on your team, WCG CPAs & Advisors consults on custom business structures, multiple entity arrangements, S corp elections (even late S corp elections back to January), tax strategies, business coaching, industry analysis, executive benefits, retirement planning including individual 401k plans, exit strategies, business valuations, income tax planning and modeling, and tax representation.

We also work with business law attorneys for business owners who have additional needs such as drafting Operating Agreements, fee for service contracts, buying or selling a business including employee stock ownership plans and partner buy-ins. In addition, WCG coordinates with third party plan administrators create age-based profit sharing plans and cash balance (defined benefit) plans. We can run point on whatever your business needs to ensure that communication is effective and efficient allowing you to sell widgets.

Here are some additional resources you might find useful.

Yes, you want to get a little extra from your hard work and you want this to be tax-advantaged.

Accurate estimated tax payments come from proper tax planning. There is nothing worse than the fear of the unknown since most human responses will be the worse case scenario.

Learn more about how WCG can help you with business tax deductions.

WCG has been remotely preparing tax returns since 2007 using secure online client portals, text messaging, videoconferencing, and other technologies.

Everything you need from small business tax preparation to S Corp elections to payroll to accounting is located here. Need consultation?

Welcome to the Tax Center Portal! Everything you need from tax return preparation for your small business to your rental to your corporation is here.

We also have a short list of additional fees that might be incurred depending on your tax and accounting situation, and your level of readiness-

Wow! We really belabored the heck out of those hourly rates there at the end, didn’t we? All in the interest of tax preparation fee transparency of a growing firm.

Also! Please keep in mind that we pride ourselves in not being the nickel and dime type of tax and accounting firm. Typically, we can offer a fee range or a maximum limit for our services and fees to keep your tax prep cost where you want it. This is what we do all day, every day! We have a solid understanding of what it takes to complete a project successfully.

WCG CPAs & Advisors is a full-service yet boutique progressive tax, accounting and business consultation firm located in Colorado serving clients worldwide.

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Tax planning season is here! Let’s schedule a time to review tax reduction strategies and generate a mock tax return.

Tired of maintaining your own books? Seems like a chore to offload?

Did you want to chat about this? Do you have questions about your S Corp or rental property investment? Let’s chat!

The tax advisors, business consultants and rental property experts at WCG CPAs & Advisors are not salespeople; we are not putting lipstick on a pig expecting you to love it. Our job remains being professionally detached, giving you information and letting you decide within our ethical guidelines and your risk profiles.

We see far too many crazy schemes and half-baked ideas from attorneys and wealth managers. In some cases, they are good ideas. In most cases, all the entities, layering and mixed ownership is only the illusion of precision. As Chris Rock says, just because you can drive your car with your feet doesn’t make it a good idea. In other words, let’s not automatically convert “you can” into “you must.”

Let’s chat so you can be smart about it.

We typically schedule a 20-minute complimentary quick chat with one of our Partners or our amazing Senior Tax Professionals to determine if we are a good fit for each other, and how an engagement with our team looks. Tax returns only? Business advisory? Tax strategy and planning? Rental property support?

Need to get in touch through a quick text? We’ll respond within a day.