Glad to share that I met Yaron Milman from the IRS yesterday, a very valued figure in the IRS and who…
Glad to share that I met Yaron Milman from the IRS yesterday, a very esteemed figure in the IRS and also the person in charge of the booklet Know Your Rights in the IRS - and I drew his attention that in the section dealing with real estate in the sand only the 2 routes of 15% and the personal route are indicated מצוי
But it is also not stated in the reference to the professional circular regarding taxation for those who operate through LLC…
Told me to take it to his attention for the next booklet to come out…
Thus, the scroll will be closed to anyone who is "confused" or who claims "the accountant / investor friend told me otherwise" ..
Because the LLC track does not define the tax liability. You can choose which way to report and pay tax - as a company or personally