Thomas Larsen
Claiming exempt on W4 job to save
3 June 2020 | 8 replies
If your tax payments (quarterly estimates or withholding) equal or exceed 90% of your tax liability for the current year. 2.
Will F.
Financing for more than 4 loans
30 April 2013 | 7 replies
GSE is a government sponsored entity... us taxpayers support the GSE.
Sean Walcott
Depreciation and Syndication
25 October 2023 | 21 replies
To do this means:The taxpayer must spend the majority of his or her time in the real property business, AND; The taxpayer must spend at least 750 hours or more in the real property business and rentals in which he or she materially participates.This being said, tax benefits from a syndication regardless are one of the main attractions no matter what bucket you are in.And I recommend a CPA as stated for I am not one :)
Colton Mckell
Buying tax sale property
27 May 2014 | 0 replies
Recently the property that had I had up for collateral on the loan was going up for tax sale and I made and agreement that I would pay the back taxes on the property and one other property if he would let me close on the house by putting my interest and tax payment towards the payment of the home.
Ronny Crawford
Taxes on Private/Hard money loans?
5 July 2020 | 22 replies
That entirely depends upon if the lending activity even rises to the level of a trade/business: Scallen v Commissioner 2002 and Cooper v Commissioner TC Memo 2015-191the total number of loans made;the time period over which the loans were made;the adequacy and nature of the taxpayer’s records;whether the loan activities were kept separate and apart from the taxpayer’s other activities;whether the taxpayer sought out the lending business;the amount of time and effort expended in the lending activity; andthe relationship between the taxpayer and his debtors.
PJ Kolnik
Opportunity Zones - Great Investing Trend?
24 September 2018 | 36 replies
To self-certify, a taxpayer merely completes a form (which will be released in the summer of 2018), and attaches that form to the taxpayer’s federal income tax return for the taxable year.
Matt Walden
S-Corp Conversion to LLC Help
5 September 2017 | 14 replies
The taxes in my unprofessional knowledge is s-corps and llc tax if elected the same is the same structure/tax pay output.To CPAs: Why can't someone, such as an entity be able to sell to another one in non-FMV, we all have seen distressed properties from individuals being sold on a steep discount, etc, why not the same as entity-entity?
Jesse Cathcart
My success story from off the grid broke to owning 2 duplex's
20 May 2018 | 7 replies
I don't have a tax paying job, a less than 500 fico score, no bank account or credit card and am living in a house that is being foreclosed on (not mine).
Trey McGovern
Can you rent your house to yourself? Let me explain.....
22 May 2023 | 55 replies
In other words, the IRS sees you and the LLC as the same tax payer.
Adam Koch
Private REIT in Self Directed Roth IRA Avoids Taxes?
25 May 2021 | 4 replies
If they cannot, they are not sophisticated enough to handle your IRA dollars.REITs are actually used to block UBTI or UDFI income for the exempt taxpayers.