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3 July 2013 | 7 replies
Dan Shoemaker,TO answer your question about the income level: Under this provision, the 3.8 percent surtax applies to the lesser of NII or the amount by which a taxpayer's modified adjusted gross income (MAGI) exceeds $200,000 for single filers and $250,000 for joint filers.
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9 June 2017 | 3 replies
Landlords also must attest there is not more than one delinquent tax payment associated with their properties.
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17 January 2017 | 4 replies
Most taxpayers (those with less then $5,000,000 in revenue for three consecutive years, like me, and maybe like you) are required to report on the cash basis, which is where you recognize taxable income or loss when the money hits your hand.
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9 February 2017 | 51 replies
Journal, FHA loans are much more likely to default and cost taxpayers money.
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13 September 2022 | 6 replies
the Scorp must be the tax payer for the new property since it is a regarded entity.
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27 June 2016 | 3 replies
For example in the book they discuss a transaction where you have a taxpayer, a buyer, and seller.
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10 January 2017 | 35 replies
People talk about not having access to 401k money, but the reality is, you can take that money out anytime you want for a 10% penalty plus income tax payment.
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10 February 2016 | 5 replies
Hi Bob, Yes, the U.S. taxpayer can 1031 Exchange Canadian property if it was held for rental or investment purposes as long as they want to reinvest into Canadian property through the 1031 Exchange.
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4 July 2015 | 21 replies
Programs like these are purely vote-buying scams against the taxpayers.
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29 August 2017 | 22 replies
A good attorney/accountant will have a boiler plate/template LLC. operating agreement for an LLC. as well as in some cases taxpayer ID's they can assign since that is what they do.