
31 August 2024 | 12 replies
An LLC doesn't provide you the ability to deduct something that wasn't deductible before.You also want to be wary of 2% itemized deduction which is what you are describing a lot of your expenses.They are currently non-deductible at the federal level.

29 August 2024 | 2 replies
Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.
30 August 2024 | 30 replies
He thinks that if we sold a property even if we had to pay top capital gains state and federal that it would be worth it as it would double our income due to improved cash flow rather than the majority of our loan payment going towards interest.

29 August 2024 | 13 replies
You'll have to pay taxes plus a 10% federal penalty and sometimes a state penalty, depending on the state.

29 August 2024 | 8 replies
It's federal law so yes you need to file the info.

30 August 2024 | 29 replies
for Zero Risk to capital, move cash to your brokerage and buy USFR, paying 5.4%, must pay federal tax but no state taxes, it holds short term US treasury floating rate notes, no FDIC needed as FED can print more money to pay you offfor Mild Risk to capital, buy BKN, BlackRock municipal bond fund with 20% leverage, pays 5.5% tax free, and if 10 year bond yield falls 2% over next year, likely with rate cuts coming, then this will appreciate by about 15%for Mild to Moderate Risk to capital, buy EDV, Vanguard 30year zero coupon US treasuries, pays about 4%, taxable and if 30year bond yield falls 2% over next year, likely with rate cuts coming, then this will appreciate by about 60%Don't put into stocks if you need the cash in <3 to 5 years due to stock volatility

29 August 2024 | 5 replies
And not even a capital gains cut, a full regular income federal and state income tax cut.)Good luck.

27 August 2024 | 18 replies
After that’s opened, then you can usually open the accounts for the Cells using a combination of the Series LLC’s incorporation number and the individual Cell’s Federal Tax Identification Number.

31 August 2024 | 36 replies
@John Larson I wonder if it is worth calling the state or federal Securities and Exchange commissions.

27 August 2024 | 0 replies
Councilman Eric Arias highlighted the substantial state and federal grants to improve infrastructure.However, residents voiced concerns about persistent problems such as a nearby wastewater plant's odor, inadequate lighting, and speeding trucks.