Tuesday, August 9, 2011

My bank won't allow me transfer the deed to my home to my llc so...?

Why are you trying to transfer home to the llc? The IRS may start making you make rent payments from your personal funds to your llc causing the llc to have added income with no personal deduction. Or else the IRS could say you are getting rent as a guaranteed payment/salary. This would cause more taxable income to personal.

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