dperiat Posted February 5, 2010 Report Share Posted February 5, 2010 Hi, I'm new, I hope I'm using the right protocall to post this question. I bought a few acres of land a year ago. How much should I be paying an attorney or CPA to file my annual corporation filings for land ownership? Are there any referrels anyone can make? Thanks, dan Quote Link to comment Share on other sites More sharing options...
CountDown Posted February 5, 2010 Report Share Posted February 5, 2010 (edited) Dan, welcome to the forum. Assuming your corporation is only holding your land, it should be an "inactive" corporation. No filings are required (and therefore no cost.) So the answer is in two parts: Verify that your attorney has your corporation listed as "inactive" Stop paying management fees Beyond that, until you use (or sell) your land you'll only need someone to pay the property tax annually, cut the grass/weeds occasionally, and to ensure that no squatters settle there. If squatters live on it for a year and make improvements (almost any structure) they can claim it for themselves. Everyone here knows this but I mention it anyway. Edited February 5, 2010 by CountDown Quote Link to comment Share on other sites More sharing options...
REATTORNEY Posted February 10, 2010 Report Share Posted February 10, 2010 Hello, Although your corporation is inactive (just title holder-no running biz), you must pay certain tax o stamp which is AKA Impuesto de Educacion y Cultura. It is due in March of every year. In the worst scenario, you will have to pay $20 which nothing. Oscar Quote Link to comment Share on other sites More sharing options...
Sam Ramon Posted February 17, 2010 Report Share Posted February 17, 2010 Dan, welcome to the forum. Assuming your corporation is only holding your land, it should be an "inactive" corporation. No filings are required (and therefore no cost.) So the answer is in two parts: Verify that your attorney has your corporation listed as "inactive" Stop paying management fees Beyond that, until you use (or sell) your land you'll only need someone to pay the property tax annually, cut the grass/weeds occasionally, and to ensure that no squatters settle there. If squatters live on it for a year and make improvements (almost any structure) they can claim it for themselves. Everyone here knows this but I mention it anyway. Question: I think I was charged some sort of "taxes" by my attorney, on my 2 corporations. One holds my bank account and the other holds my land. Is this normal, when are these taxes due, and how much should they be, mas o menos? Quote Link to comment Share on other sites More sharing options...
Igor Posted June 8, 2010 Report Share Posted June 8, 2010 Hello, Although your corporation is inactive (just title holder-no running biz), you must pay certain tax o stamp which is AKA Impuesto de Educacion y Cultura. It is due in March of every year. In the worst scenario, you will have to pay $20 which nothing. Oscar How to find out if I have to pay any tax? My lawyer didn't tell me anything. Won't it end up with a multiple penalty? Quote Link to comment Share on other sites More sharing options...
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