
13 November 2020 | 36 replies
They can say, all RE deductions are taken at 15% even though the tax payer is in the 30% marginal tax bracket.
13 November 2020 | 3 replies
It is perhaps the number one or number two mistake I see DIY taxpayers make -- electing S Corp when they really shouldn't.

25 February 2021 | 9 replies
Get actual rental comps from agents, use actual tax payments, actual utility payments, etc.

25 February 2021 | 3 replies
But what will complicate things and maybe indicate that you still should hire one is that if you are a non-US taxpayer you are subject to FIRPTA withholding.

26 February 2021 | 14 replies
., You're absolutely right - the tax payer has to stay the same.

1 March 2021 | 6 replies
They may require YOU to provide comparable rental data to justify the increase and even then may only approve part of the increase.While this is frustrating, think of the alternative - landlords abusing the system by raising rents beyond market rents and all us taxpayers footing the bill.

5 March 2021 | 101 replies
First, it's not the government's (actually taxpayer's) responsibility to pay this Landlord.

23 May 2021 | 5 replies
Based on my understanding, these pots of money are treated differently in the US vs Canada.The CRA changed its administrative position a few years ago to treat US LLPs as corporations for Canadian tax purposes, such that distributions from such an entity to a Canadian resident taxpayer are likely to be characterized as dividends.https://agtax.ca/cras-taxation...

3 March 2021 | 2 replies
@Alex Shaughnessy, You're going to have to be the tax payer for the new property.

4 March 2021 | 2 replies
If the LLC is disregarded then you will see the property reported there.In that event you and your husband and the LLC (or more accurately your joint tax return) is considered to be the tax payer for the property.In that event you do have the flexibility to sell as yourselves and buy as the LLC.