
23 February 2025 | 80 replies
The IRS employees who signed up were told they can't leave until May.

26 February 2025 | 14 replies
TurboTax has rental property features, and the IRS has a great guide on rental income, deductions, and recordkeeping - IRS Rental Property Tax Guide.https://www.irs.gov/businesses/small-businesses-self-employed/tips-on-rental-real-estate-income-deductions-and-recordkeeping2.

24 February 2025 | 1 reply
If Trump is in office, this is what you can expect:✅ Deregulation & Business GrowthTrump has always been pro-business, pro-entrepreneur, and anti-regulation.That means less government interference, fewer roadblocks for businesses, and a pro-capitalist environment.Expect him to cut funding to agencies like the SEC, the IRS, and other regulatory bodies that slow down investment and deal-making.More tax incentives for small businesses, investors, and real estate developers.✅ Tariffs & “America First” ManufacturingTrump has made it clear—he’s bringing manufacturing back to the U.S.Expect tariffs on China, Mexico, and other foreign producers—forcing companies to reinvest in American infrastructure, factories, and real estate.That means more demand for industrial real estate, warehouses, and logistics hubs right here in the U.S.And guess who’s already looking into those opportunities?

16 February 2025 | 4 replies
When I asked they pointed me to the PMA that states they charge on "all gross receipts" and then said: "Our interpretation is coming from the IRS.

11 February 2025 | 3 replies
As you mentioned, the IRS requires distributions (RMDs) so they can get their money in a timely manner.

7 February 2025 | 6 replies
What the IRS is concerned with is when you are doing a 1031 and want to purchase a property from a related party.

15 February 2025 | 6 replies
All disclosures are to the seller, escrow, IRS, that kind of thing.In one lawsuit, the judge determined that the lender had constructive notice because I had recorded the warranty deed and was making payments from my business checking account.

15 February 2025 | 1 reply
Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

14 February 2025 | 5 replies
The IRS could apply this doctrine if it appears that the series of transactions are structured primarily to achieve a specific tax outcome, such as avoiding taxes.Regarding the 1031 exchange, while in-laws are not considered related parties, the transaction could still be scrutinized due to the complexity and nature of the other transactions involved.

18 February 2025 | 12 replies
Too risky for us.Regarding additional guest packages, you can easily change your tax situation by offering what the IRS calls "significant services".