If over that amount, she must file a gift tax return, though no tax is owed unless her lifetime exemption is exceeded.

No one's income is fixed.

I have my 2023 taxes Non W2 and hope to have my 2024 Taxes Non W2 back end of this coming week. 

@Philip Beckwith typically in Michigan, you can only do a tax appeal in February.The instructions will be on the back of your winter tax bill.You will need to have great comparables to challenge the City Assessor's valuation.

Hey Bigger Pockets Community,As real estate investors, we focus on building wealth, creating passive income, and securing financial freedom.

Checking: collect all income here, then use it to pay bills.

TAX bene's were the play and GOZONE was great tax bene's but you cant count on a katrina for your investing thesis

Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

For quick math I have a range of each between: 700/yr to 3% of gross income

We affirmed the absolute rights, set forth in your State’s LLC Law, for ANY Member to request copies of the three most recent years Federal and State tax returns issued by the LLC.