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9 July 2024 | 9 replies
If they don’t have both or “haven’t filed yet”, huge RED FLAG.
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8 July 2024 | 20 replies
As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.
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8 July 2024 | 14 replies
I've just done the work myself: get a judgment, file to have wages garnished, place liens on any property they may own (I've had some people come up as being on joint title on a property).Some people will sent up a payment plan as soon as the sheriff shows up to serve them with papers because they're so embarrassed!
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9 July 2024 | 29 replies
If it is a turn key property managed by a property manager or you have limited interaction with your guests it would most likely be considered passive income and filed on a Schedule E
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9 July 2024 | 5 replies
With capital gains if you file together I thinks it’s $250,000 that’s exempt but speak with an accountant for sure.
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8 July 2024 | 15 replies
Hi, the lender will likely not know what his entitlement is at this time, if the loan has been in place, the entit. will be in the loan origination package which is now in the repository, the loan file will simply show the amount of guarantee.You can figure it though if you know the beginning LTV of his loan, and VAs go up to 100%.
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8 July 2024 | 1 reply
While the bank may have facilitated the transfer without issue, updating the title is still important for legal and liability reasons, particularly for tax and asset protection purposes associated with LLC ownership.The title company has indicated they can handle the title change process, which typically involves filing paperwork with the appropriate local government office, such as the county recorder or registrar of deeds.
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7 July 2024 | 9 replies
One often overlooked item for those who invest in Ohio is not filing the locality returns.Ohio is a unique state where they require locality returns to be filed in addition to the state return.
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10 July 2024 | 11 replies
I do one year, cycle maturities during peak rental times during spring and summer, enforce lease termination clauses if a resident leaves early, and file eviction for $40 on the 11th if rent is unpaid.
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9 July 2024 | 17 replies
But, I found a bit here: https://www.awc.org/pdf/education/mat/AWC-MAT230-Glulam-2hr-150530.pdfThe aluminum I-beam properties are well documented here:https://www.aluminum.org/sites/default/files/ADM2010Errata2.pdfIn short, one can't make a definitive conclusion.