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13 January 2023 | 348 replies
While the UBIT rules are complex and depend on the facts and circumstances, short term rental income earned from real estate owned by a Solo 401k will generally be subject to UBIT if such income constitutes business income.While income earned from leasing real estate is typically considered non-business rental income, the IRS has identified certain scenarios where real estate rental income is treated as business income.The average period of customer use is 7 days or less.The average period of customer use is 30 days or less and significant personal services are provided with the rental.See Treas.
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18 March 2017 | 15 replies
There's a lot of misinformation so far in this thread. https://www.irs.gov/businesses/small-businesses-se...Read up there on what constitutes a repair vs. depreciation.As to the strategy of whether to depreciate or expense, the answer is - you guessed it!
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12 November 2023 | 27 replies
CA takes a broad scope of what constitutes "doing business" in CA so either way you will be subject to the $800 minimum tax in CA.
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11 December 2019 | 7 replies
., Bankhead, Adamsville, Constitution).
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17 December 2016 | 26 replies
@David KrulacI am sorry, but your interpretation of what constitutes self-dealing is simply not correct and has no basis in the code as written or tax case history.Administering the investment activities of an IRA is not something that would automatically be looked at as "providing services" to the IRA.
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21 March 2023 | 2 replies
Each day of violation of a provision of this article relating to the physical condition of any dwelling shall constitute a separate violation.
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18 May 2021 | 11 replies
Anything purely domestically like a NV Asset Protection Trust can never get away from a judges actual authority or the US Constitution Full Faith and Credit Clause.
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16 November 2016 | 4 replies
This response neither constitutes legal or tax advice nor establishes an attorney-client relationship.
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17 August 2018 | 14 replies
The lease-option assignment stuff Brian posted was from 2010, any idea as to the changes that have gone on, with federal law, about installment sales, lease-options, or what constitutes financing?
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8 September 2019 | 59 replies
Usury is so important to the people that it's not just a statute, it's in the state constitution.