Balancing the Fourth Amendment protection against unreasonable searches and seizures with the need for public safety has been keeping the Supreme Court busy over the decades.

Then, a week after the Oct 17th deadline, get either your current CPA or someone else to prepare an amended (corrected) return that will include the property and cost segregation. 

@Nkechi Jarvis I'll try to address as many of your questions as possible here goes: - Addendum/Amendment regarding utilities: As you mentioned, yes you can add an addendum/amendment to the Lease regarding utilities - The document would have all the utilities i.e.

I mean okay, so the 5th Amendment still applies in New Jersey. 

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? 

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

However, my new accountant is telling me that all the long term rentals should have been filed under Schedule "E" and that he wants to go back and amend last 3 years of tax returns.

I believe I will have all tenants under one lease and amend and assign as they come and go.

That being said, since you got in at a friends and family stage, can you just call the friend or family member ask them to amend the contract to give you more time and offer the reason why that you told us? 

If you don't want to "charge" your holding company LLC a management fee then amend your operating agreement (or create a formal document) to reflect that you are responsible for your own auto expenses and home office.