Vincent DeLucia
12-month lease set to expire but tenet wants to continue staying at the property
5 February 2024 | 5 replies
Worst case I’d send out a simple addendum…The lease agreement between landlord x and tenant x is amended in the following ways.
Gayle Eisner
Questions about hiring a CPA
4 February 2024 | 11 replies
I have clients that are currently amending taxes because their previous CPA didn't understand this industry.
Haley Stephens
How to Input Cost Segregation Studies into TurboTax
2 February 2024 | 8 replies
HaleyThere are different ways this can go. 1) if you acquired the property in the current year, you would put the assets in your depreciation schedule just as any other asset and take the benefit of accelerated depreciation. 2) If you did a retroactive cost seg, you have to file for 3115 and take the adjustment as section 481 adjustment3) If you did the cost seg on the properties that were acquired last year(only one tax return has been filed), you could amend your return from the prior year.
Faiz Kanash
What happens if you buy Multifamily with FHA, but its fully occcupied?
2 February 2024 | 4 replies
Just let them sign an amendment to vacate the property early.
Timothy Taylor
Chicago Zoning Change Completed, Next Steps?
2 February 2024 | 5 replies
@Timothy Taylor, Obtaining the Zoning Map Amendment (Zoning Change) to RT-4 now "Permits you" from a Zoning Standpount to "Add" the 4th Unit (Assuming you have at least 4,000 sq.ft. of Lot Area).
David Walton
1099 Filing Question
30 January 2024 | 5 replies
I would simply talk to your CPA or Tax accountant and file an extension until you have the best and final answer.Worse case scenario if there is or was an error you simply file an Amended return.
Brandon Patrick
Recommendations for a good tax professional
31 January 2024 | 10 replies
I have even had situations where I had to amend my taxes because the tax person screwed up.
James Carlson
Colorado to tax STRs as commercial properties?
30 January 2024 | 4 replies
.)-- Everyone is already talking about amendments to the bill, including the sponsor.
Damian Callaghan
Sarasota / Tampa investor friendly CPA / Tax strategist
31 January 2024 | 9 replies
When we onboard folks, we take a look at their last 3 years tax returns for FREE and make amendments if we think we can get them back money, at that point we charge.
Alfred Sharty
How to get a proof of fund as a new wholesaler
30 January 2024 | 13 replies
You can negotiate a price, but don't sign a contract until you know your buyer is good, then you can double close or you can sign an amendment or add in special stipulations that the original agents contract IS ASSIGNABLE as a way around and make all things legal and transparent.