Michael P. Delaney
1031 Exchange Rules & Capital Gains
19 March 2021 | 9 replies
Delaney Lauren spells it out perfectly in her comments above.
John Hyre
Wholesaling in retirement accounts not legit
2 April 2020 | 3 replies
The Tax Court therefore ignored what was “on paper”, looked at what was actually going on (“the substance”), and imposed the over-contribution tax.[2][3]This case spells the end of most of the “magically stuff your Roth” schemes I have seen.
Alex Jamael
Raising Money for a 36 unit
7 April 2020 | 14 replies
The LLC Operating Agreement can spell out how you divvy up your distributions, etc.
Andrew Pettit
Stock Reinvestment Question/Tax Question
4 April 2020 | 7 replies
There is a publicly traded REIT that is an opportunity fund I can’t remember the exact spelling of the name but i think it’s bellpointe REIT
Fedor Volkov
Got a lease agent, but I got the lead earlier - what's next?
9 April 2020 | 4 replies
Not every contract says this so read your contract it should spell out whether you have to pay them a commission or not.
Renee Sobering
How to Structure Syndication Deals for Short-Term Flips
14 February 2020 | 4 replies
You can either put your family members in the position of the private lender secured on the property with a mortgage and interest rate or put together an LLC to purchase the property and have the operating agreement spell out the terms for the partnership or JV.
Peter Kozlowski
Can I sue a contractor for not completing work on time?
29 February 2020 | 22 replies
All of this is spelled out in my contract, which he signed before he began the work.It's Wednesday 2/12 now, and he still has not completed any of the tasks on my scope, also spelled out in my contract.
Dominic Ruegemer
How to hire office personnel
17 February 2020 | 2 replies
Dominic -I run a design build business; I've been where you are... having books that are weeks to months out of date is horrible and can spell disaster as you make decisions based on bad and untimely data.What we've done, after years of trial and error and tons of money lost on bad solutions, is the following -* Off set accountant who does monthly reconciliations and statements, year-end taxes (We run on basis of completion, which I recommend you switch to immediately)* Off site book keeper who does day to day data entry* Quickbooks on a server on the internet so everyone can log in remotely* Paychex handling weekly payrollDon't pay an accountant to do your data entry, it's usually way too expensive and not necessary... don't pay your data entry person to do your monthly reconciliations and statements (They don't know enough, typically).
Beau Fannon
Good news about Corona virus!!!
7 March 2020 | 24 replies
@Beau FannonI have to call out the original posting as nonsensical and insensible .If I have to spell it out :Let’s start with the no sense.
Aisha M.
NYS law on lease breaking fees
27 February 2020 | 2 replies
Usually you're required to mitigate losses, as well as have a spelled out break fee.I'd say two months would be a safe bet, but one at least.