Greg O'Brien
Clearing Up Confusion on Tax Treatment of Short Term Rentals
1 November 2024 | 48 replies
Incorrectly treating a property as passive may benefit you and the IRS will absolutely change this under audit (several cases on this).6) No Tax Court Cases Exist?
George Bell
How to structure LLCs for rental portfolio
5 November 2024 | 28 replies
.-- Just audited by IRS this summer for first time ever and had no issues!
April Adams
I retired from Section 8 after 20 years and I can't believe this is happening....
30 October 2024 | 2 replies
Hey congrats this is just like the DA who becomes a defense lawyer or an IRS agent who switch's sides and represents those being audited etc etc..
Dave Vona
Is SFR investing worth the return? An IRR analysis
8 November 2024 | 22 replies
Private placements are inherently risky by that very fact - they are not regulated or audited to the degree that a publicly traded company is.
Carolyn McBride
STR Tax Loophole/Strategy So Close to the End of the Year?
29 October 2024 | 9 replies
Under audit, the auditor will seek substantiation that what you reported was truthful.
Matthew Drouin
The FED Just Hit The Panic Button
28 October 2024 | 15 replies
@Ian Ippolito what’s even more concerning to me is that the fed would have probably cut more than a half point but with it being so close to the election wanted to preserve its impartiality.
Matthew Nelson
Prop manager adjusting ledger 18 months later
26 October 2024 | 4 replies
I had downloaded all of the ledgers from the online portal .4 days after the relationship ended we started the process of auditing each property.
Heidi Kenefick
1031 exchange and depreciation recapture?
28 October 2024 | 34 replies
This can get pretty complex, pretty quickly, so just keep that piece in check for audit documentation and make sure you have good records on all of it.
Ronnice T.
Common Question Wednesday
24 October 2024 | 2 replies
The IRS requires a very detailed mileage log, so if you are ever audited, you run the risk of losing your mileage expense if you simply estimate.
Joe Scott
Tax return size --- an audit flag?
18 October 2024 | 8 replies
The size of your tax return, whether it’s 250 pages or more, doesn’t inherently increase your chances of an audit.