We've written articles before that
explained how you can rent your personal residence to your S corporation (or
C corporation). Rent it out for 14 days or less and you could get some really
nice tax benefits. For starters:
Does this sound too good to be
true? Well, it is true and I've received a lot
of email asking questions about this great deduction. So here are straight
answers to great questions about this outstanding deal that Uncle Sam has to
offer. You'll find them in my brand new article titled Tax-Free Rental of Personal
Home to Owner's S Corp., Q&A.
Six questions and a quick
click to the answers:
Question #1: Must the S corporation issue a 1099 to the
homeowner renter? You'll get the answer when you Read the FREE article.
Question #2: Since the income is tax free, how do I, as the S
corporation owner, deal with Form 1099 that I get from my corporation for its
rental of my personal residence? You'll get the answer when
you Read the FREE article.
Question #3: If a husband and a wife each own an S
corporation, can they both rent the family home to their corporations for 14
days or less and thus pick up 28 days (or less) of tax-free income? You'll
get the answer when you Read the FREE article.
Question #4: I'm a real estate broker who operates as an S
corporation with 30 independent-contractor real estate agents. Can I hold
educational sessions in my home under the 14 days-or-less rental strategy?
You'll get the answer when you Read the FREE article.
Question #5: If I rent my home to my corporation for our
employee holiday party and summer picnic, do I report the expense on my
corporate tax return in the employee benefit section? You’ll
get the answer when you Read the FREE article.
Question #6: Is it necessary to prepare an agreement between
the owner and the S corporation for the use of the owner's personal home for
these events? You'll get the answer when you Read the FREE article.
To get started, CLICK HERE.
You'll get a no-obligation 7-day FREE trial during which you can read, not
only the article I mentioned above, but all of our helpful tax-saving tips
from the last two months. This trial is absolutely free and there are no
strings attached. That’s a personal promise.
Sincerely,
W. Murray Bradford, CPA
Publisher
|
|
|
|
7 Mount Lassen Drive, Suite C258, San Rafael, CA 94903
No comments:
Post a Comment