BHPH Income Tax

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BHPH Income Tax

Postby cmccann0714.8382 » Sat Mar 14, 2015 4:47 am

Hello all! New member as of today and absolutely no experience in BHPH. I noticed that income tax has been mentioned a few times and in hopes of saving me time in research, someone could elaborate on the downfall for me. In simplistic terms I understand that in starting a BHPH operation that I should be prepared to pay a hefty sum in taxes, but any tips on how I could help prepare my company for that? Located in Texas. Thanks!
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Re: BHPH Income Tax

Postby combs.3602 » Mon Mar 23, 2015 11:35 pm

Who are you cmccann ? :) Yes , tax will be an issue. You need to contact a good BHPH accountant and set up an RFC. Look at one of my posts that gives names for that, and also gives a breakdown in the numbers that you can expect. Thanks Dennis Combs combscarcorral.com Boise/Nampa,Idaho
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