The thought for the W-2 is to mitigate against audit.

They are recommending, however, that we not use the deduction because it could trigger an audit.  

Not applicable for commercial.Problems will only arise (unless mb's will be audited) when a deal blows up.

If you acquire the property and hold for 12 months and then put the property on the market, you would most likely qualify for 1031 Exchange treatment, unless you get audited and they can prove that you actually had the intent to buy and flip (not hold).

So this is why we ended up with 2nd CPA and he said it would be best not to take the write offs I am legally entitled to because the IRS might audit us.

Then they are telling mortgage originators to use conventional guidlines, that no balloon payment may be reuired until half of the principal amount has been paid, that loans must be fully amortized, that they must meet continuing education requirements, that they will be responsible for the originations and that the MOs will nedd to submit to audits and file reports.

Changes made in real time, audit trail, mobile app, ease of use, multiple users, etc.

Partnerships have the lowest audit rate, and there is some flexibility in what you can write off (legitimately, not in a gray area) if properly memorialized in your operating agreement.

Lets say you get audited one day and you were putting all the rent into your account before sending to your parents it would look like unreported income of yours.

Defending from an IRS audit is different from a civil suit.LLC's are sold as "cheap protection" since the filing fees are negible per state and the attorneys always sell you on how cheap their fees compared to how much you are protecting.