Michael Plaks
Crazy technicalities: how the IRS defines your age. Spoiler: it depends.
29 December 2024 | 1 reply
When parents employ their minor child, the child is exempt from Social Security and Medicare (aka FICA) - if under 18.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
19 January 2025 | 22 replies
After paying the company tax in the working entity I'm sending it to the holding as dividend, and there it is exempt from paying dividend tax if I leave it within the holding reinvesting in other projects without taking it out.
Tara Montgomery
Where would an investor find a capital raiser for development project with a PPM
26 December 2024 | 5 replies
There is a "sponsor exemption" but that only allows an unlicensed person to raise money but it cannot be more than 50% of their duties and the pay they receive cannot be based on how much they raised.If you have never raised $, a family office will be off the table as they typically want the company to ahve atleast $50-$100M in assets.
Michael Plaks
RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
19 December 2024 | 13 replies
Reality: still here, only a temporary increase in the exemption.- Plan: eliminate NIIT - Net Investment Income Tax.
Gene D Stephens
Experience with Adverse Possession?
30 December 2024 | 7 replies
The IRS has a regulation that amounts less than 15K are tax-exempt, of course, this requires you to file a tax return.
Gene Jung
Mortgage recasting ...when to do
25 December 2024 | 5 replies
Then again, if you’re talking about a mortgage on your personal residence, and you live in a state with an unlimited homestead exemption for creditor attachment like Texas or Florida, there’s an asset protection consideration as well.
Shaheen Ahmed
Property taxes on rentals
18 December 2024 | 15 replies
The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.
Zongfu Li
Kiavi is the worst lenders I have been working with
15 January 2025 | 11 replies
I would have to agree with this - appraisals are no exemption to the general inflation/rising costs of the past few year s- $750 is hardly outrageous and investing in non-warrantable condos and with HOA restrictions is always going to have a risk for hiccups
Adam F.
Anyone have experiencing using a quit claim in Chicago?
19 December 2024 | 12 replies
If no consideration is being exchanged, then all you would need is exempt stamps for State and county.
Hamidou Keita
Seeking Advice on House Hacking Strategy: Buying Single-Family Home to Build Duplex i
5 January 2025 | 24 replies
Did your primary become rent controlled and if not what exempted it from rent control?