
23 May 2015 | 4 replies
A single member LLC is disregarded for taxes, unless you elect special tax treatment, so thats irrelevant to the discussion.

18 March 2017 | 15 replies
I doubt that Senators and Congressmen can survive a re-election supporting a policy that allows for their constituents to be thrown out on the streets.Most Section 8 agencies are run at the state level with funding from the Feds - it will take some time (at least two years) before the dust settles if it does happen....but I doubt it will happen.....but as with any law, the courts have to evaluate the legislative intent.

18 March 2017 | 3 replies
Those small dollar improvements can be expensed under the de minimis safe harbor election.

20 March 2017 | 2 replies
(simply elect to not renew with a notice period you specify)2) collect rent on a more regular basis...I find that a lot of folks have difficulty budgeting for an entire month, so I collect rent via direct deposit every two weeks...3) as a last resort to avoid costly turnover, reduce rent to a figure that she can meet that still alows you to cover expenses...once she demonstrates ability to say...pay $950 for two months, raise rent to $1,000 a month for a couple months...then go back to full rent...It would also make sense to verify if she has had a change in financial circumstances and can no longer afford the rent...if that's the case, it doesn't matter what you do...she will continue to fall further behind on payments

2 April 2017 | 6 replies
Now if the truck only cost $15K you'd get $15K in tax deductions over 5 years and nothing on the next 10 with depreciation, but if you elect mileage that would be the same as above.

30 June 2017 | 12 replies
Michael Bertsch Yes, make sure you are making the election every year.

21 March 2017 | 11 replies
@Richard Wormwoodnot sure if your recommendation about S-corp election makes any sense.
7 April 2017 | 26 replies
The taxpayer may have made a one-time election to group all rentals as a single activity, in which case material participation is determined based on the grouped

27 March 2017 | 7 replies
Chicago Title, Fred Eckert is also the president of SDCIA.

27 March 2017 | 8 replies
Your contributions for the Solo 401k plan are limited to $54,000 per year (plus $6,000 in catch up if you are over age 50), keep in mind that the employee elective deferral limit is $24K per person, across all of the plans you maybe participating.