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27 January 2025 | 17 replies
Last year I spend $9500 additional in bookkeeping (not including my accountant or tax filing.)
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28 January 2025 | 27 replies
In addition, the book keeping and legal involved with a syndication process is greater than if partners are not involved.
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28 January 2025 | 6 replies
If real estate is involved, separating it into its own LLC before the sale can simplify the process and make it easier to leverage a 1031 exchange.This post does not create a CPA-Client relationship.
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22 January 2025 | 5 replies
Whether it's considered an arm's length transaction is debatable, but it's not illegal.Move forward with the sale and ensure full transparency with all involved parties, including your CPA.
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27 January 2025 | 3 replies
Maricopa County ranked among the counties in the state with the highest number of foreclosure filings.
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11 January 2025 | 9 replies
I'm going to reiterate what's already been mentioned above, but I'm going to actually give you examples of why it's relevant to you to find a U.S. tax professional.1 - You're going to need to file U.S. taxes once you have property down here, there's federal filings, state filings, and sometimes local filings too2 - Tons of tax treaties between the U.S. and Canada that are easy to miss and can cost you a lot of money (important one with rentals - effectively connected income - if the professional you talk to doesn't know what this is, run away)3 - The amount of days you spend in the U.S. needs to be tracked and if you go over a threshold, all of your worldwide income could be taxable by the U.S.4 - Selling real property means up to 15% of your sales proceeds might not be available to you for years (FIRPTA)5 - Lots of nuance at the state and local levels, which both want to take as much money from you as possibleMain takeaway here is that you should find a U.S. based tax person.
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1 February 2025 | 56 replies
., FTC, HUD and others and the FBI does actually get involved to see if there is a pattern.
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7 February 2025 | 14 replies
The value added should be significantly greater than the cost of the effort to compensate for the effort involved and the risk.
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25 January 2025 | 5 replies
Did you check to confirm they filed a form d with sec?