Manco Snead
Student with One Property: Need to File Taxes?
29 March 2018 | 4 replies
In the event of audit you have to prove that you are entitled to the deduction.
Mike Huang
Using Technology To Make Investing Frictionless
30 March 2018 | 0 replies
Obviously this will take time to grow but in time, more and more deeds will be publicly auditable and immutable databases.
Jason Vaughn
Question on depreciation on rental to primary residence
2 April 2018 | 4 replies
You can use the same ratio, if you believe that is wrong you can allocate price but have to defend if audited.
John Salgado
Lender increased Mortgage Insurance premium on initial CD
3 April 2018 | 3 replies
I've seen a scenario where the PMI payment was out of compliance due to disclosure errors, and as a consequence of the post-closing audit the borrower was notified that the monthly PMI payment was being reduced to $0/mo.
Liz C.
Newbie from Portland, OR
18 April 2018 | 15 replies
Start analyzing deals and ask her to show you some properties on your free time.Tax season/Year end Audits should have passed so hopefully you now have some free time!
Llewelyn A.
Unable to Deliver Marketable Title Return of Earnest Money
24 February 2018 | 20 replies
Asking to show the Bank Account may cause him to think twice in consideration that it was explained to me that if an Attorney in NY is undergoing an Audit towards his Escrow Account, he cannot practice until the Audit is over.
Lyle Cooper
Condo Board reluctant to share Financial records
26 February 2018 | 2 replies
If you haven't been receiving audited financial statements every year that's troubling.
Travis Buck
Possibility of being audited??
3 March 2018 | 11 replies
If I go back and amend my tax returns for 2014, 2015, 2016 would that EXPOSE me more to an audit?
Rick S.
Do Co-owners Have to Deduct Expenses 50/50?
26 February 2018 | 5 replies
It's not what I would ever recommend, but it is doable.Your worst case scenario (and not a likely one) is the IRS auditing one of you and then deciding to cross-check against the other.
Bill Baldwin
Ripped off by my Property Manager / Agent - Advice Needed
28 February 2018 | 9 replies
What's even worse is I'm told that I'm likely to get audited by the Japan tax authorities because I've listed a previously cash producing asset as suddenly having a gross income of $0 for the entirety of 2017, which is seen as a major red flag.Does anyone have any recommendations for what actions I can and should take given my situation?