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9 December 2024 | 98 replies
If anyone thinks they will avoid taxes with bitcoin they are mistaken.
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14 December 2024 | 101 replies
As far as the land trust we needed to see attorneys and preferably the attorneys Legacy contracts with to teach asset and taxes (Anderson Advisors who would give you a free consultation which they offer on their website).
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9 December 2024 | 10 replies
I’m not an attorney or CPA, so I’m not giving legal or tax advice, but I’ve watched clients navigate 1031 exchanges by leveraging well-connected property managers and specialized lenders who understood the local quirks.
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8 December 2024 | 4 replies
Focus on building a network of contractors for repairs, set clear boundaries for house hacking, and take advantage of tax benefits.
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7 December 2024 | 7 replies
Here it would be 25% down ($275k)A balance of $825k at 7% (or higher) $5,490/mo, figure $250/mo insurance, $500/mo property taxes $6,250/mo.
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7 December 2024 | 7 replies
As long as you paid a contractor or someone who’s not an employee $600 or more in a tax year, you are required to issue them a Form 1099, regardless of whether you paid them via cash, check, or another method.
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7 December 2024 | 6 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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10 December 2024 | 7 replies
When sdat and city taxes updates there will be no question though that could take months.A lot of the better pms void this by only managing in the better parts of Baltimore city or the suburbs.
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3 December 2024 | 15 replies
The 70% LTV and 3% origination cost you mentioned are typical, but they can definitely vary depending on the lender and the specific deal.Regarding the LLC or Trust, you're right, it's a good idea to explore those options for asset protection and potential tax benefits.
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9 December 2024 | 3 replies
Suggestions I would make starting out a cross border tax advisor accountant is invaluable.