Therefore, you would not recognize the rehab expenses until you sell the underlying inventory.In other words, you can be a cash basis taxpayer, but still have an inventory account where you accumulate your rehab transactions.To explain cash and accrual transactions a little better, here are the following two scenarios.1)  You perform work in December and invoice your customer in December, but they do not pay you until January.An accrual basis taxpayer recognizes the revenue in December.  

Hi All,I have signed a purchase and sales agreement for Bank Owned property and my rate with bank is locked and got expired on 10/16/2015.For extending the locking rate mortgage company is asking $140 for week and I am ready to close the deal but bank is saying "Trustee of Condo Association" is not giving them 6D certificate because trustee (2 unit condo, I am buying 1 unit and the other unit owner is trustee) is not ready to sign Master Insurance policy because he is claiming that he paid master insurance for last 1 year and wants to get paid before signing any document.Generally master insurance in that area costs around $1000.00 but Trustee (other unit owner)  is saying that his master insurance policy costs him $4400.00 because previous owner claimed too many incidents on property.Trustee is also not willing to share insurance policy and invoice with bank (he is sending all invoices for master insurance by handmade and not ready to share actual invoices from insurance company) and bank wants to pay him on actual invoice and not invoice made by him.

Post registration, the Service Provider is allotted a Service Tax Registration number which is required to be mentioned on all Tax Invoices and Returns. 

Pretty dang excited!!

I will have to make it an annual expense to expect to keep those dang bugs out like you said.

“ I hate sayin no “Dang bro , you gotta  toughen  up to survive this business !

From VA Loan Rules:  "VA borrowers will often have to provide an invoice for the termite inspection to their lender.

@Blake King Oh dang, that's too bad.

Are all my invoices uploaded to my owner portal?

Are all my invoices uploaded to my owner portal?