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6 August 2024 | 3 replies
My husband wants to keep his Nevada state residency to file income tax there (NV doesn't have state income tax) but we would like to file jointly for federal income taxes.On the Utah State tax website it says: "A married couple who files a joint federal return may file separate Utah returns ONLY IF:one spouse is a full-year Utah resident, ANDthe other spouse is a full-year nonresident."
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7 August 2024 | 5 replies
That house is an asset that perhaps could have or should have been sold to pay that debt and filing a potentially false deed after they pass away could be a way of avoiding payment of that debt.
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7 August 2024 | 3 replies
If they refuse to pay and you installed what was quoted in a workmanlike manner then you file a mechanics lien on the property.
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7 August 2024 | 3 replies
You will likely have a partnership for tax purposes and have to file a partnership tax return and keep business-style books.
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9 August 2024 | 39 replies
Typically around this time of year, investors are looking at maximize their retirement account contributions before the April 15th tax filing deadline.Something really stupid I have seen people doing is buying real estate using their Self Directed IRA.
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13 August 2024 | 69 replies
These include falsely claiming to have closed dozens of deals when none were ever closed, illegal payment of undisclosed sales commissions to bundlers and independent contractors, advertising the funds as safe and appropriate to investors with obvious near-term needs for their capital, creating fund of funds en masse assembly line fashion with no corresponding SEC filings, unregistered brokers/financial advisors acting in that capacity absent licensure, having customers wire money claim the fund is fully subscribed and putting them into a high yield promissory note, accepting funds from unaccredited investors, misrepresentations about the debt put on the project, lies about experience level of the principals, omissions of material facts, and at least two straight up Ponzi schemes.While it's true that some legitimate operators are having issues in their portfolios, today's circumstances are a perfect example of the idiom, "you can only discover who is swimming naked when the tide goes out."
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7 August 2024 | 6 replies
Many don't pick up the phone past 5pm or before 9am, don't work on the weekends, only push files in and do not really review them, and are difficult to get a hold of.
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6 August 2024 | 4 replies
I recently evicted a tenant for non-payment and non-confirming the lease rules, and would like to file collections against her.
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6 August 2024 | 4 replies
The lender has required a 'Prior to Docs ( “PTD” ) Condition':"Business Verification Needed - Broker to obtain a CPA letter to confirm the borrowers current business waspreviously filed as sch c and confirm how long been in business for."
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7 August 2024 | 8 replies
The gain from the sale of a primary residence up to $250,000 (or $500,000 if married filing jointly) is generally excluded from taxation.Now, let's focus on the depreciation recapture.