Delicia B.
Transferring Deed from LLC to Person
31 October 2018 | 1 reply
If I transfer the deed from LLC to personal name of a member 1) how do I handle the name change for the title insurance 2) is it a good idea to leave in personal name or transfer back to LLC once refinance is complete (which I'm being told I should do by year's end by my accountant for LLC tax purposes i.e. he said it won't trigger a tax payment either way).
Saul L.
Unbelievable Water Bill- Detroit
10 June 2016 | 33 replies
Now, the reasoning used to justify this (notice I did not use the word logic), is that the municipality runs by taxpayer dollars; so if municipal utilities go unpaid, that would place an extra burden on the taxpayers (i.e. higher taxes).
Shane P.
Depreciation and Calculating Cost Basis
17 January 2018 | 2 replies
You will be charged the entire $2k, but the seller reimburses you for his part via a $1k credit at closing.You simply make a record of this $1k credit, and whenever you make the $2k tax payment, you apply the credit, and the remaining $1k is deductible.If, on the other hand, this adjustment was for something else - like a one-time charge for specific improvements to shared property - then it's a different story.
Robin Grimes
Tenant Applicants say the dumbest things
3 May 2023 | 1572 replies
No credit check or rent required (except from the US taxpayer).
Luna B.
Postponing rent collection to lower taxes
5 May 2015 | 27 replies
As a cash basis taxpayer, you recognize income when you have constructive receipt.
Account Closed
Credit/Background/Evictions Checks Galore + 3X Rent Rule.. Yet EVICTIONS SURGE IN USA
4 May 2015 | 8 replies
NONE of them are proposing doing away with their free meal tickets at taxpayer expense.
Michael Watts
alabama tax certificate with an alabama medicare lien
24 March 2019 | 18 replies
@Danny Price, Medicaid and other lienholders have to pay the same redemption charges as the taxpayer.
Jem J.
Renters paying upfront x13 mos.
26 April 2016 | 37 replies
You're a "cash basis" accounting taxpayer meaning you recognize rent revenue at the time it's received.
Michael Williams
I have a rental prospect without a social security number
17 June 2016 | 6 replies
If the prospective renter does not have a SSN (Social Security Number), see if they have an ITIN (Individual Taxpayer Identification Number.)
Christine Mwai
Appliances in rentals....to do or not to do?
18 August 2016 | 39 replies
Our government is out of control and grasping for every dime to keep themselves in cushy jobs with retirements paid for by taxpayers.