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Results (5,677+)
Timothy VanWingerden Can I write off an expense if I’m paying friends to do the work?
23 July 2018 | 8 replies
  :)Cash just makes it a little harder to document the payment if you're ever audited
Ben Rutkevitz Paradigm Life, Infinite Banking, Whole Life Insurance
10 January 2023 | 134 replies
Please,  prove me wrong  with long term audits.  
Kyle Eckert How do you determine quality of a rental?
14 February 2018 | 14 replies
I am going to call it a "Pain Audit." 
Account Closed Categorizing transactions not related to a specific property
7 October 2023 | 14 replies
This is an audit flag, creating a bogus "property" with zero income2.
Simon Martinez Mileage deduction average per year for rentals
7 February 2019 | 3 replies
@Simon Martinez12000 miles x 54.5(mileage rate) = $6,540 deduction$6,540 / 9 properties = $726 deduction per property.I personally don't think that is red flag audit material.
Account Closed Keep invoice receipts or just original invoice?
26 October 2023 | 3 replies
If ever audited it's always better to haveit and not need it vs. the opposite. 
Michael Elefante Mountain House Transformation: $29k In Bookings The First Week!
24 November 2020 | 64 replies
I know it is just a name, but names trigger audits sometimes.