Brian Plajer
Cost segregation study?
31 January 2024 | 19 replies
Have you been audited before by IRS regarding a cost seg.?
Ivorie Walker
Specific Subject To Questions
31 January 2024 | 1 reply
It helps you to treat it as a business and when the IRS audits you, that’s important.
Brian Green
Best Electronic Signature Software??
31 January 2024 | 14 replies
They also have an "Audit" feature that tracks all document signature requests, completions, and those still outstanding.I give it 4.5 out of 5 stars!
Boston Caruthers
How to collect rent with new IRS Rules?
29 January 2024 | 3 replies
ACH bank to bank and zelle not through a third party platform I believe are the only ones not currently slated to issue 1099s since it is bank to bank but if you get audited the government will look at those as well.
Bryan H.
Flip/LTR Hybrid? Tax incentives?
29 January 2024 | 9 replies
If the IRS wanted to audit you, I think it might be hard to say that you weren't flipping, however.
Milt Constantine
Moving expenses and tax deduction?
28 January 2024 | 6 replies
You don't want to get stuck in an audit with your pants down.If your movers are billing for cleanup, have them break down the costs on an itemized invoice so that your business expenses are clearly defined.Good luck!
Michael Plaks
DEADLINE: Jan 31st to send your 1099 forms
27 January 2024 | 3 replies
If the IRS gets busy auditing them, maybe they will leave you alone.
Jeremy Porter
Mastering Rental Property Finances: A Property Manager's Guide to Expense Tracking
26 January 2024 | 1 reply
Regular Audits and Reviews: Regular audits are essential for organizations to stay on top of their financial health and operational efficiency.
James Boreno
How long until I can do another 1031 Exchange?
26 January 2024 | 10 replies
Yes, taxpayers who hold their relinquished property for two years satisfy the requisite intent for a 1031 Exchange (or two tax reporting periods, since in an audit the IRS may look backwards and forwards two tax returns).
Jim P.
Spouse contributions to Solo 401k
9 December 2019 | 22 replies
@Jim P.While both solo 401k participants funds may be held in one bank account, from a long-term planning perspective, distribution, planning, and audit perspective, it may be best to hold each participants funds in separate participant accounts.