Lisa Miller
7" Rain this month, Wet basement walls, what is the best sealer product?
1 April 2014 | 8 replies
While that much rain can defeat what might ordinarily work, it would be good to review that your downspouts are directing water at least 5-6 feet from your foundation, that the ground is sloping away from your house, and that you have swales or french drains intercepting any water moving down slopes or hills towards the house.On the other hand, if you're dealing with a high water table, it's a different ballgame.My experience with Drylok is that it works well with minor amounts of water, but that any significant hydrostatic pressure will defeat it.
Mark Forest
LLC or sole prop
29 October 2015 | 96 replies
As a result they are not a very effective collection tool for creditors.Example: The collection agency obtains a charging order from a court ordering the Acme LLC to pay to it any distributions of money or property the LLC would ordinarily make to John until the entire $38,000 judgment is paid.
Karen Margrave
Ryan - Romneys' V.P. choice - thoughts?
13 August 2012 | 71 replies
It doesn't look good when you admit to getting huge benefits from a government program and then want to take away those benefits for others.Now, even if that doesn't become an issue, remember that Ryan voted for TARP, he voted for the auto bailouts, he voted for Medicare expansion, he voted for housing subsidies, he voted for unemployment extensions, he voted for a national ID, he voted for making the patriot act permanent, he voted for surveillance without a warrant, he voted fro no child left behind, he voted for keeping troops in Iraq indefinitely, and he voted for the 2008 and 2009 stimulus.And then he stands up and claims he's for smaller government, fewer handouts and less regulation.While there may be justifiable reason for it, the fact is, his record doesn't support his stated views...and that's never a good thing for a politician.
Alik Levin
Broken electric fireplace replacement - repair or improvement?
21 September 2017 | 3 replies
I'm not sure how much such a replacement costs, however there are several fairly liberal safe harbor provisions that will allow you to expense many items so you don't ordinarily need to capitalize them.
Brigitte Garrett
IRS classification of Maintenance costs
2 March 2018 | 3 replies
I would like to have document references to support classifying these two expenses as Maintenance (not repairs) so that I am safely classifying these costs under the Safe Harbor for Routine Maintenance.Also, it is my understanding that the Safe Harbor rule for Routine Maintenance stands apart form the Safe Harbor Election for Small Taxpayers which is an issue due to the 2% rule.Safe Harbor Election for Small TaxpayersThe total amount paid during the taxable year for repairs, maintenance, improvements, or similar activities performed on such building property doesn't exceed the lesser of- Two percent of the unadjusted basis of the eligible building property; or$10,000 (for questions about how to calculate the unadjusted basis, refer to "Figuring the Unadjusted Basis of Your Property" in Publication 946Safe Harbor for Routine MaintenanceYou are not required to capitalize as an improvement, and therefore may deduct, amounts that meet all of the following criteria:Amounts paid for recurring activities that you expect to perform;As a result of your use of the property in your trade or business;To keep the property in its ordinarily efficient operating condition; andYou reasonably expect, at the time the property is placed in service, to perform the activities: For building structures and building systems, more than once during the 10-year period beginning when placed in service, orFor property other than buildings, more than once during the class life of the unit of property.Thanks in advance for any guidance you can provide.
Randy King
Commercial blanket loans for SFHs
16 March 2014 | 10 replies
I won't quote the rates on here, but they're very good and comparable to what you would find ordinarily, they aren't hard money.
Scott Houin
Property Manager Not raising rents as requested
5 March 2019 | 96 replies
But ordinarily, we don’t raise rents either.
Timothy W.
What if there is no housing "recovery"?
30 August 2010 | 125 replies
When I'm elected president, I'm pulling our troops back from Europe and everywhere else that doesn't appreciate us.
Brendan Hallissey
when do you start recognizing a capital gain when owner financing
7 March 2018 | 10 replies
Ordinarily, the limitation on total gain does not apply, which results in your's tax basis in the repossessed house being the same as when the property was sold (increased by any expenses incurred in repossessing the property).
Elizabeth M.
NPR Article:NYC Homeless Girl Scout Leader Creating Opportunities
28 September 2018 | 1 reply
She was working with the Girl Scouts at the time, and used her situation to start a troop at her shelter and the concept has expanded across the city to other shelters.