Debbie Lee
Please help $41,000 paid to a guru company to be refunded !
5 September 2017 | 459 replies
Given the aforementioned facts and other audio-recorded documentation, we have been advised by legal counsel that the representations made in your sales presentations and on your Web site demonstrate a misrepresentation of your actual product, and constitute a bona-fide cause for a class action lawsuit.
Brenda Lee
Tax Expense Deduction
31 October 2021 | 6 replies
I am no accountant, but the general rule of thumb for deductible travel is:1 - You’re “traveling” when you’re away overnight or long enough to need sleep.2 - “Business days” are those you spend traveling to business destinations, days where you spend the majority of working hours on your trade or business (four hours and one minute), and days where your personal presence is required at a particular place for a specific and bona fide business purpose.3 - “Business day” costs include 50% of meals plus 100% of lodging, local transportation, incidentals, and your first load of laundry and dry cleaning back home.4 - If your spouse is a bona fide employee, traveling for a bona fide business purpose, you can deduct their costs.5 - Save receipts for all lodging and for any expense over $75.6- Transportation costs include cars, planes, trains, and boats
Shiv Choythani
Short-Sale Opportunity In Bronx, NY
20 January 2019 | 8 replies
A bona fide hardship is required to get a deal approved, so make sure they qualify for one.
Andrew Parsons
Hard money loan on deal
18 April 2023 | 5 replies
The default rate increases exponentially the less a borrower injects into the deal and when you couple that with the property being non-owner-occupied, I don't know of a bona fide lender anywhere that would do that.
Matt Geerts
Ontario tenant credit/background check?
1 October 2018 | 14 replies
A bona fide landlord's association with actual members and meetings is a better bet.
Rory Korpela
Capital gains question
20 April 2019 | 7 replies
Developing and selling them a year or two after acquiring them counts against you.If you have a bona fide change of strategy and intend to hold them indefinitely as rentals, that is another story.
Bobby Clifford
Real estate professional
18 September 2017 | 9 replies
The active participation standard can be satisfied without regular, continuous, and substantial involvement in an activity; the standard is satisfied if the taxpayer participates in a significant and bona fide sense in making management decisions (such as approving new tenants, deciding on rental terms, approving capital expenditures) or arranging for others to provide services such as repairs.An IRS training manual states:As long as a taxpayer participates in management decisions in a bona fide sense, he actively participated in the real estate rental activity.
Bruce Crawford
Looking for a reference for a good CPA
27 March 2022 | 8 replies
Possible issues are cost, coordination and staff turnover.I'd venture to guess that it would be harder to find a bona fide expert on US-Japan taxation than a real estate taxation expert.
Vasundhara Ranjani
Listed Property, Got Offer but Changed Mind - RE Commission?
28 April 2021 | 8 replies
This sounds like BS to me but the listing contract has a specific clause that has me concerned:EARNED: Seller shall pay the Firm's commission, which shall be earned, if, during the term of this Listing:A ready, willing and able buyer submits a bona fide written offer to Seller or Firm for the Property at, or above, the listprice and on substantially the same terms set forth in this Listing and the current WB-11 Residential Offer to Purchase,even if Seller does not accept the buyer's offer.
Dennis L.
Notice of Intent to Sell
30 June 2022 | 5 replies
for WA I don't think you have to notice tenants that you are selling except in Seattle where there is technically a TOPA (tenant opportunity to purchase) ordinance but honestly I don't know how well it is enforced but in theory its 90 days notice during which time if the tenants or a 3rd party they designate make a bona fide offer you have to 'consider it' whatever that means.