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will the return be much higher w/ the mortgage stuff, rather than with just the work stuff
i assume this is either a partnership or an s corp
make sure you and your father both take a "reasonable" salary from the business
then any other profits made from the business can transfer over to you via the K1 and you avoid SE tax on those earnings
its also required by law that all passive partners do receive a salary, the IRS is cracking down on this because people are skirting the SE tax by just claiming all earnings on the K1. fastest way to get your self an audit this year
and remember, its not unusual for businesses to post a loss every few years, especially in a recession
if you're just a subcontractor for the business and you receive a 1099 make sure you're claiming all your expenses
You know, bathrooms are very easy and you could probably do it very easily.
Tiling is for dumbies by the way. If you can rent a movie, you can rent a tile saw. If you can make cookies, you can mix mud and grout.
You know, bathrooms are very easy and you could probably do it very easily.
Tiling is for dumbies by the way. If you can rent a movie, you can rent a tile saw. If you can make cookies, you can mix mud and grout.
honestly if it was a house I would try it myself...but since i live in a muli level condo with someone below me and on the side of me(shared walls), im not gonna risk flooding them out and putting a hole through their ceilings or walls.
Yup, redid my kitchen all on my own; spent $500 total. We found black granite tiles on sale at home depot for $1 a sq ft. for the counters. Everything else was found on craigslist.You know, bathrooms are very easy and you could probably do it very easily.
Tiling is for dumbies by the way. If you can rent a movie, you can rent a tile saw. If you can make cookies, you can mix mud and grout.
Just make sure you are taking the time to do it the right way and with quality materials. I don't want to see you on an episode of Holmes on Homes....
If you need a construction contact, hit me up. my buddy brandon is licensed/insured and SLOW right now....