
1 March 2025 | 86 replies
I have people in my organization who have experienced the same mis treatment.

26 February 2025 | 10 replies
Many business owners are deeply concerned with the future treatment of their employees, equipment, image, customers, etc.

14 February 2025 | 8 replies
However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.

6 March 2025 | 18 replies
Your math is mostly right, but there are a few things that might help make this work.VA loan treatment of rental income – Some lenders will exclude your current VA loan payment from your DTI if you have a signed lease in place.

2 March 2025 | 95 replies
If you want clients to have empathy for your situation with your company we would expect the same treatment back.
12 March 2025 | 33 replies
There was no remorse from them for their actions and despite years of treatment I believe 100% that if left to their own devices they would reoffend.

31 January 2025 | 9 replies
To go a bit further into what Dmitriy mentioned, since your IRA earns the income the tax treatment is specific to your IRA.

4 February 2025 | 13 replies
However, you do not need to file Form 8832 because IRS rules allow a married couple in a community property state to elect disregarded entity treatment by default.

6 February 2025 | 10 replies
However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.

13 March 2025 | 74 replies
And you need a good plumber in speed dial, know enough to troubleshoot issues over the phone before you call that plumber and also provide enough business to that plumber, so you get a good rate and priority treatment.