Melanie Baldridge
"Does the IRS require site visits for cost segregation studies?"
13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.There's this thing called Hierarchy of Tax Authority that CPAs and Tax Attorney's reference.Let's not get too carried away with comments like, It serves as a guide and cannot be used, cited, or relied upon as an authoritative source....
Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
LOL we ALLLL know who this is referring to... maybe even a BP author... hes kinda like dave... love him or hate him... or a little bit of both.
Beverly Lafia
Nightmare Tenants that is always pushing the boundries
8 November 2024 | 17 replies
They probably flag a small percentage of bogus ESA authorizations but just using them discourages bogus ESAs 2) require all ESA authorizations be AB468 compliant.
Gisele Sood
how do I know what is more lucrative: quadruplex versus residential
12 November 2024 | 15 replies
In Reno, NV we have an economic development authority that actively recruits companies from CA (Tesla) and tracks job and demographic data.
Mitchell Coles
Strategic Buy & Hold with ADU Potential in Morganton, NC
9 November 2024 | 1 reply
The process required coordination with local authorities and additional time and expense, but resolving it added long-term value and functionality to the property.
Andre Brock
Any experience on hiring a rmlo?
8 November 2024 | 5 replies
The process is getting allthe information together like the 1003, credit authorization form, bank statements, income statements etc. they will underwrite the file and confirm the borrowers ability to repay.What state is this in?
Sahara Faughn
Please advise - Covid-19 partial claim, Preforeclosure auction and home sale
14 November 2024 | 12 replies
Persistence in reaching a supervisor or someone with decision-making authority can sometimes yield better results.Contact HUD and Explore Options: Immediately follow up with the HUD counseling representative.
Taylor Koutroumbis
Has anyone had success with Section 8 in Tampa?
6 November 2024 | 6 replies
We have done section 8 in a couple of markets and been happy with it, but the Tampa Housing Authority has been very hard to get a ahold of and I can't seem to figure out how to even enroll my homes in the program.
Robert Johnson
Has anyone purchased Kai Andrew's landhacking program and if so was it worth it?
12 November 2024 | 10 replies
Then contact a taxing authority.
Meli F.
Is swarming bees emergency and how fast we need to hire someone?
10 November 2024 | 13 replies
WE dont want to pay for this which is very expensive service, we did not authorize it, he knew we were hiring someone, he did not want to wait for our exterminator, because it was "emergency."