In this episode, Toby Mathis, Esq. chats with Jeffrey Cottle, Esq., Senior Attorney at Anderson Business Advisors, about the world of house flipping, with a focus on how to handle the tax implications. It emphasizes the importance of avoiding "dealer" status with the IRS and explores strategies like asset protection. Toby and Jeff discuss limitations placed on frequent flippers and analyze the pros and cons of different business structures like LLCs, C-Corps, and S-Corps. It concludes by examining the most common scenarios Jeff encounters at Anderson Advisors when working with house flippers.

• Jeff Cottle intro

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Jeffrey Cottle LinkedIn

https://www.linkedin.com/in/jeffrey-cottle-019a75a2/

Anderson Advisors

https://andersonadvisors.com/

Toby Mathis on YouTube

https://www.youtube.com/c/tobymathisesq