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Results (5,331+)
Justin B. Multiple Property Accounting and Tax question
18 March 2015 | 4 replies
If I submit it like one property for the purposes of taxes (I use TurboTax) as opposed to individual, is that asking for an audit?
Lucas Machado Should I Sign-Up For Adwords Nerds?
2 November 2021 | 28 replies
.)- Ask website provider/ designer for a referral- General referrals... ask your business friendsKnow that you have composed a list of companies/managers to choose from you will now need to Figure out what services are offeredTypes of services offered- Audits: Someone dives into your account to tell you exactly what you are possibly doing wrong.Audits come at one of the cheapest cause you can get it for free or for a small amountLevels of audits- Free Audits: Companies that offer this free service are most likely interested in a campaign that is going to be spending large amounts in hopes to hook you on for possibly a long-term contract.
Chad Clanton Does the money invested in a still-owned flip from last year count as a tax loss?
8 May 2014 | 17 replies
You can get away with a lot of stuff until you get audited.
Edwin Duran Is This Legal?!
18 July 2014 | 6 replies
Applications for anything are an audit trail in legal matters and lease applications are the source documents for real estate lease agreements.
Kip Cline Should I be a real estate professional status for tax purposes?
3 October 2021 | 8 replies
Nevertheless, there are strict requirements and tend to be a red flag for IRS audits.
Jeffrey Magenes The more deductions you claim, the less a bank will lend to you?
7 June 2012 | 19 replies
I learned very early in business(due to an IRS audit) that there are 2 ways to minimize taxes.1.
Ganesh Rao Deductions
12 February 2017 | 7 replies
Having gone though an audit from the IRS myself, I cannot tell you enough times how happy I was that I had one.
Casey Gregersen Property Managment without a broker or license
22 July 2021 | 57 replies
I think, people are confused when talking about being agent and hiring a broker.Agent works for a broker and all the contracts made between that broker and the client, not agent and client.When agent is leaving a brokerage, he doesn't take listings with him - they belong to his broker.Same with property management: the broker is responsible for all misconduct of the agent - it's broker escrow account has to comply with requirements of the State, not agent's......agents don't have the escrow account to keep the security deposits of Tenants.It's broker who get audited, and put his license on the line even if he totally unaware what his agent is doing.More of that, personal listings of the broker's agents must comply with all the laws which agents might be not aware of because they just work with clients and not with controlling instances.You can do whatever you feel like doing until someone complains - and Tenants or/and owners do it - to Division of RE.
Scott Perkins Tax strategy advice needed
7 August 2017 | 6 replies
This perhaps would lend strength to your "intent" argument should one of your 1031s ever be audited.
Bill Gulley NUTS WITH GUNS
31 July 2012 | 164 replies
Even though I am trained to defend myself if I stop training and lose my conditioning and practice of my skills I will be just a little better off than anyone else.I don't live my life in fear.If you do that then you don't have any kind of life worth living.Avoidance and awareness are some of the two best traits you can have.Example: I could go down to Atlanta at night but I choose not to.When I go to a Braves game I park at the parking lot closest to the exit so I can get right on the expressway instead of being forced down into the homeless section streets at night for 30 minutes before I can hit the interstate.With the movie theater I still feel this person shouldn't have had access to get in.I think if an audit is done the theater will show very lax security protocol.