You are subject to failure to file and failure to pay penalties.

Remember, your tenants aren’t going to pay you more rent for a pretty basement so only do what you need to to keep them warm, safe, and dry.

I worry way more about IF they will pay than to what address.

Hello Tax pros,I am planning on executing a 1031 Exchange (simple one - no boot, same owner, etc.) using IPX 1031 sometime over next couple of months  (already had call with IPX) and had a question relating to my taxes on the potential upcoming transaction.  

If we wanted to sell it now, would we pay capital gains tax since we transferred it to our business?

Things to consider--I pay $2,500 rent now.

(*Meaning reduction to your tax bracket, which may offset - cash flow).

How are landlords in SF handling the security deposit law that requires them to pay interest to residents on their deposits?

@Tejas ParuthooliI can answer your question by telling you a story at what points in my life I was developing the software and I asked my attorney if he could write terms of use his response was brilliant he said the best terms of use policy is that microsoft.com they have the largest law firm in the world at that point it was simply copy and paste.I can understand paying an attorney to drop your first LLC but after your first one it's copy and paste.With single family properties you could probably just have one LLC with your umbrella insurance.

I attend about 10 conferences a year and they have the money to advertise and pay for the booths.