Mauricio Duarte
QuickBooks for Flippers - Inventory vs COGS
15 August 2024 | 29 replies
I’m a CPA (originally an auditor, now in consulting), so I understand the importance of keeping accurate accounting records.
Michael Ghim
Recs for business checking accounts and credit cards - can you have too many?
9 August 2024 | 13 replies
The Auditor required the same detailed accounting by property, going back from 2019 to 2012.
Alex U.
Real estate professional status
3 August 2024 | 16 replies
Does not fly.And if you claim that you only spend 20 hours a week for your W2 job, an IRS auditor will request a confirmation from your employer.
Michael Plaks
GRAY area alert: deducting real estate education
30 July 2024 | 23 replies
You cannot plan for IRS auditors.
Luigi Massa
Best way to find property owner information
25 July 2024 | 7 replies
Auditor pages to get owner info, then fastpeoplesearch to get numbers
Frank Barletta
Reviewing Parma, OH for Investment Opportunities
27 July 2024 | 19 replies
What also stands out is the property is 3 bedrooms but only has 750 square feet, but I double checked the auditor's website and it says the same...so I guess they are probably very small bedrooms.
James Samsing
Energy Efficient Mortgages
16 June 2024 | 1 reply
The purpose of the energy assessment is to identify opportunities for improving the energy efficiency of the home and their cost-effectiveness.The assessment must be conducted by a qualified energy rater, assessor, or auditor using whole-home assessment standards, protocols and procedures.
Henry Clark
Self Storage- Selling Process
17 June 2024 | 3 replies
The realtors always hike this since they and buyers think with a higher purchase price the Auditor will hike the assessed value and thus the taxes.
Diego A.
Syndication vs Partnership
12 June 2024 | 15 replies
The SEC audit or a lawsuit will cost you a lot more money in the end.
Kyler J Sloan
How to Claim Passive Losses without getting Audited
9 June 2024 | 50 replies
if they don't agree, go visit the auditor, and have your baseline argumentation coming as well. they're very professional overall.sometimes , the best way to understand things is also to understand the exact tax language, word by word.