I read the accusation and it basically found them to be in violation based on audit findings of $35,000 of funds in trust unaccounted for.

Not the answer you wanted, but something to consider now that you own commercial real estate and are in the IRS targeting zone for auditing. 

They do occasionally audit their accts, from what I hear.

It can be very taxing to find out in an audit that you have expenses that are disallowed.

Go through a typical annual audit and you will very quickly see how easy it is to get hit with a big bill when subs fail to maintain their insurance throughout the year. 

Send an email to [email protected] with your name, your real estate experience, your favorite book name, and the url for the Member Blog post.Yes, this is an audition.

Basically, even if you and the seller specifically agree to a 0% loan, the IRS (under audit if not found out sooner) will come back and decrease the selling price and add in imputed interest, requiring the seller to report interest income at his/her ordinary rate vs capital gains.

I previously audited a bank (during 2007-2009) in Las Vegas and found myself amazed at the market information for that area and how the market for SFH took a 40%+ drop in a single quarter.Thanks again for the post!

We hired an Enrolled Agent CPA, so that should we be audited, he could stand in our place.

I've just told him that if we get audited he needs to come testify that the work was done ;)No references for HVAC.If you can't find their contact info through a google search please shoot me a PM and I'll send it over (don't think I can post it).