21 March 2024 | 11 replies
IT was a guy who was a sailor of some kind I believe, and he had witnesses attest to his hard work that allowed him to challenge the audit result successfully.
26 April 2024 | 12 replies
The filthy rich do that in remote areas and go through a company that is very experienced in doing that because it is also one of the most audited things by the IRS.
22 March 2024 | 19 replies
Many do not qualify and having a PM does not help your case.You may want to read up on IRC 469 and review the IRS's Audit Technique guide. https://www.irs.gov/pub/irs-mssp/pal.pdf
17 March 2024 | 7 replies
Under audit, if you don't have the time log for you and everyone else you will not be able to claim these losses.
14 March 2024 | 1 reply
I was recently flagged for tax audit, and one of the asks was to show all hours spent on real estate.
10 March 2024 | 5 replies
All you would need to say really is that you materially participated in the business during the tax year and just be prepared in the case of an audit/IRS notice.
26 March 2024 | 6 replies
Education and research hours, "managing the property manager" all have failed under audit historically.There is a lot more nuance here I could go into, but I would strongly advice you talk with a real estate-focused tax professional.
4 March 2024 | 8 replies
Education and research hours, "managing the property manager" all have failed under audit historically.
8 March 2024 | 8 replies
Do they provide audit protection?
7 February 2024 | 34 replies
If you get audited good luckNot a cpa or tax professional just telling you what has been relayed to me by several CPA’s