16 May 2024 | 7 replies
Look up the rules for Georgia (google it and look at the government website).
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16 May 2024 | 25 replies
Alternatively, the taxpayer may change from the impermissible method of determining depreciation to the permissible method of determining depreciation for a 1-year depreciable property by filing an amended federal income tax return, or an administrative adjustment request under § 6227 (AAR), as applicable, for the property’s placed-in-service year prior to the date the taxpayer files its federal income tax return for the taxable year succeeding the placed-in-service year.
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17 May 2024 | 25 replies
Had I done so I would have save a great deal of anxiety, money, and time because I would have known that he had several federal tax liens and was sued by creditors for skipping out on bills, hires undocumented workers, and sexually harasses female tenants.
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15 May 2024 | 7 replies
Not sure if this is depending on each lender since it is related to Federal.
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16 May 2024 | 5 replies
They are application fees, plan review fees, maybe/maybe not impact fees (tens of thousands of dollars paid to the local government so you can develop a raw land), permitting fees, rezoning fees if rezoning is required. 3.)
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15 May 2024 | 3 replies
Yeah Yeah Yeah... since TCJA these federal deductions disappeared, but some states still allow for them to be deducted.
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15 May 2024 | 7 replies
Some plans include house hacking, seller loans, flipping, creative deals, private cash, group deals, sweat equity, and government help.
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15 May 2024 | 7 replies
If you don't have enough random deductions to warrant itemization and you simply take the federal standard deduction, then your primary interest doesn't do you any good.
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15 May 2024 | 1 reply
Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.