The Dangers of Distraction for REIs
Monday, November 04
>Four-minute read >What’s a marshmallow got to do with it? >Plan, Focus and Execute >Have you got the time? >Don’t bite >Just one thing Apparently, there's some news happening around us these days. I often use this space to send you detailed information about tax code updates, l...
$500 Daily Fine for Corporation, LLC, & HOA
Monday, October 28
The U.S. Government is nailing real estate investors to the wall in a bold move to control financial crimes. BOI is yet another Federal program, “Beneficial Ownership Information.” The BOI program, a key tool in the fight against financial crimes, requires every business to document it’s 'Benefic...
Oh-NO - A Business Audit
Monday, October 21
"The best preparation for tomorrow is doing your best today." - H. Jackson Brown Jr. The issue we're tackling today might overwhelm you because of what it means for your business. Before I dive into some ways you can prepare for a business audit, allow for a quick refresher: IRS audits are often...
Fear Is a Great Motivator-What Tax Documents to Keep
Monday, October 14
5-minute read · Retain a paper copy or receipt of any tax-relevant transaction. · Keep brokerage statements indefinitely for taxable accounts. · Keep IRA nondeductible contribution records forever. · Keep partnership documents, contracts, commission or royalty structures forever. · Save ALL y...
MONTANA’S FRIGHTENING FORCLOSURE RATE
Monday, October 07
What’s happening in the world of real estate? Starting with this surprising statistic, I came across: Montana’s March 2024 home foreclosure statistics rate was one in every 21,560 homes, and these mortgage foreclosure statistics show 24 out of 517,430 housing units. Crazy, right? But... what ...
A Parable: What Keeps Businesses From "The Pivot"?
Monday, September 30
"I take a simple view of life: keep your eyes open and get on with it." -Sir Laurence Olivier Four-Minute read: The Election Do Me A Solid (request) The Parable Take Action THE ELECTION Oh, you thought I would tell you which candidate I expect will win the presidential election? Nope, I'...