Kevin Hill
This is Not the Real Estate Environment for Rookie Investors
28 October 2021 | 163 replies
DC takes all the tax payer money across 50 states and pours it all across Maryland and Virginia...
James Tedrow
Joe Biden wants to trash the 1031 exchange
21 July 2020 | 173 replies
We have seen taxpayers, often encouraged by promoters and armed with questionable appraisals, take inappropriately large deductions for easements.
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?
Aaron Moayed
NIIT - Do We Pay These?
8 June 2019 | 5 replies
Estimated Tax Payments: Lesser of 100% of the tax shown on the taxpayer's return for the preceding year or 90% of his tax for the current year.
Rich Maliszewski
Section 8
13 March 2008 | 24 replies
What could make a deadbeat hillbilly happier that sitting on their fat butt; smoking a cigarette; working on a case of Bud; all of the while watching their 120 inch big screen TV - ALL PAID FOR BY THE TAXPAYERS?
Ryan Sing
Self Directed IRA for Fix and Flip
18 July 2023 | 5 replies
When an IRA engages in a trade or business on a regular or repeated basis (which frequent flipping becomes) then the IRA is subject to taxation called UBTI meant to level the playing field for tax-paying business and protect them from unfair competition.So, generally an IRA is better suited to truly passive investments like holding rentals, private lending (such as to unrelated flippers), and syndications.
Ryan Reid
When To Use A Cost Segregation Study?
28 July 2022 | 14 replies
@Ryan ReidBelow are a sample of 2 instances when someone would want to perform a cost segregation study.1) They are eligible to claim real estate professional status and performing a cost segregation study would wipe out other forms of income.2) taxpayer has a lot of rentals and some are generating positive taxable income.Performing a cost segregation study on one property may wipe out the taxable income from the other properties.Best of luck.
Dylan Mathias
It's Feeling a Lot Like 2007
3 September 2019 | 278 replies
The real estate bubble in 2007/2008 was primarily based on government-induced loans that were then backed by government via taxpayer.