Grant Jordan Ward
Tax Lien Rights
3 August 2024 | 13 replies
What if annual tax payments were made to keep it from going back to auction?
Chris Blackburn
Has ANYONE been happy with their EV providers for Apartments?
2 August 2024 | 4 replies
Maybe they cater to the government and are used to just spending tax payers money with no responsibility.
Derek Morrison
Contractors and 1099s
30 July 2024 | 3 replies
This form includes their name, address, and Taxpayer Identification Number (TIN).2.
Michael Plaks
GRAY area alert: deducting real estate education
30 July 2024 | 23 replies
In the past, smaller taxpayers such as yourself held a disproportionately higher audit risk since it's a lot faster to audit the little guy which makes their numbers look better.
Luke Siecinski
How to write off real estate education course purchased on taxes?
27 July 2024 | 5 replies
Here is the summary if you are interested.In this case, the main question is when did the investor completed his start-up phase and became actively engaged in his business.Whether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business: (1) whether the taxpayer undertook the activity intending to earn a profit; (2) whether the taxpayer is regularly and actively involved in the activity; and (3) whether the taxpayer's activity has actually commenced.
Patrick Fricchione
Cost Segregation Analysis for primary residence
29 July 2024 | 13 replies
To qualify for ANY tax exclusion under IRC section 121, the taxpayer must convert to principal residence use hand hold for an additional three years (so the holding period is no shorter than five years).
Account Closed
What would you do? Potential renter with a felony.
1 August 2024 | 125 replies
i find ones who honest up front and honesty is confirmed by paperwork ate usually pay rent consistently but anyone on taxpayer funded a long time or who have been evicted prior are more "dangerous" more likely not pay rent than any felon.3.
Marcus Welson
Complex Exchange Scenario for Rookie Investor
27 July 2024 | 4 replies
Plus, you'll be changing tax payers right before a sale and 1031.
Julie Hill
Am I estimating capital gains correctly?
25 July 2024 | 5 replies
Timing of payment will depend on if you are required to make estimated tax payments.
Luis Arguello
Strategies to reduce taxable income while deploying capital to build wealth?
21 July 2024 | 10 replies
This methodology is advantageous for taxpayers since this does not involve filing amended tax returns.Other things to consider bonus depreciation, Qualified Improvement Property (QIP), and 179.