Steven Gurrola
Tattoo. Bad idea?
31 July 2015 | 5 replies
My wife's office receives reports on many topical health issues & over the last several years it is replete with warnings about Tattoo inks, inadequate needle autoclaving & the adverse/allergic reaction of many individuals to the heavy metal component of these 'Chinese sourced' inks, (& to the thyroid).
Karen F.
evictions from over 3 years ago not showing up in online search
4 November 2017 | 3 replies
I searched correctly, under active, and under all, and used the section for cases filed before March, 2016.
Adam Mazzochi
Taking Heloc to invest into Tax Lien Certificates, good bad ????
22 January 2018 | 23 replies
Only problem was the land was under active railroad tracks, and the remainder was wetlands.Speaking of which I have seen wetlands, flood plans, land protected by easements, or some other reason that the property can nt be built on, sold at tax sale.I've seen property sold at tax sale that were toxic waste sites, including Super Fund sites.I've seen a chrome factory sold at tax sale abandoned by the company because of toxic chemicals in the ground.I've seen former gas stations, dry cleaners, auto repair garages, and other toxic sites sold at tax sale.All of the above either have ZERO VALUE or NEGATIVE VALUE, welcome to the wonderful world of Tax Sales.
Tim Burke
Washington DC TOPA for formal rental
28 July 2017 | 6 replies
If I am not mistaking, there are several exceptions that you can apply for:Owner is actively seeking to sell or rent the building; Building is under active construction; building is the subject of a probate proceeding or title is subject of litigation; building is subject of a pending application before a dc development board, special exemptions granted by the mayor.
William Hirsch
Buying rental property - Can existing leases be modified?
27 August 2015 | 1 reply
Hi, this is something that I can't seem to find much information on, and perhaps someone here can help.If you buy a rental property with current tenants under active lease, can you as new owner break/amend the lease and set up a new/amended contract?
Belinda M.
What are the Pros and cons of STR vs LTR
5 February 2023 | 6 replies
How about mid term rentals do they also fall under active income?
Nathan Samuelson
Potential 4-plex house investment
18 April 2014 | 4 replies
I think having the ability to put sweat equity in to a property is underacted.
Thomas C.
469(i) offset and calculating MAGI
13 July 2018 | 2 replies
To figure modified adjusted gross income, combine all the amounts used to figure adjusted gross income except don’t take into account:Passive income or loss included on Form 8582,Any rental real estate loss allowed to real estate professionals (defined under Activities That Are Not Passive Activities, earlier),Any overall loss from a PTP, The taxable amount of social security and tier 1 railroad retirement benefits, (some guidance has taxable IRA - Added by JL)Deductible contributions to traditional individual retirement accounts (IRAs) and section 501(c)(18) pension plans,The domestic production activities deduction, The deduction allowed for the deductible part of self-employment taxes,The exclusion from income of interest from series EE and I U.S. savings bonds used to pay higher education expenses, The exclusion of amounts received under an employer's adoption assistance program, orThe student loan interest deduction.So essentially start with AGI and reverse the above.
Luis Saez
Puerto Rico
23 July 2021 | 26 replies
I run my tax law and accounting practice under Act 20/22.
Ariel Sotomayor
Business Entity and taxes resources
3 November 2016 | 5 replies
Act 22 cuts your dividend income and capital gains taxes down to 0.Each year the business pays just 4% tax on its income to the local government, and nothing to the IRS.After getting a sizeable cash pile, none of which has been taxed by the IRS.You then move to Puerto Rico under Act 22, file some paperwork to notify the IRS of your move, then take ALL the money out of the company as a dividend, tax free.The next year you could move right back to the US with all that money in your pocket and absolutely zero tax liability to the IRS.Not sure if anyof this is valid or applies to me