
25 September 2024 | 9 replies
Interest income from fix & flip loans is typically considered passive income and not subject to self-employment (SE) tax, but other fees like origination fees and loan servicing fees might be subject to SE tax, as they're seen as part of active business income.However, because you're operating through a partnership LLC, some accountants might interpret that income as ordinary income, which could be subject to SE tax.

23 September 2024 | 3 replies
This could threaten not only the financial well-being of your clients, but also the integrity of your tax practice.Here are some of the current schemes that scammers are using to go after tax professionals.Phishing Attacks Targeting Key Information: Scammers are targeting tax professionals through phishing emails and text messages that appear to be from the IRS in order to obtain sensitive information such as CAF numbers, PTINs and EFINs.

18 September 2024 | 2 replies
I imagine that will cost 15% of the properties value or alternatively 4 years of your $275 /m cash flow.

20 September 2024 | 3 replies
I can't speak for Kansas, but we help OOS investors build wealth and cashflow portfolios through value add real estate all the time in Birmingham AL.

22 September 2024 | 9 replies
I think the market is great for low price point and subsequent cash flow.

23 September 2024 | 1 reply
If I invest a multifamily through a Roth IRA, will I still receive the same tax benefits as I would with personal cash when I file my tax return?

23 September 2024 | 1 reply
Is it required to go through a title company and put them on deed?

24 September 2024 | 49 replies
I'm assuming that you stopped actually screening people years ago since your experience is so "vast" and you have been through every situation imaginable.

25 September 2024 | 17 replies
That way we could either claim expenses as deductions or through depreciation, rather than just as an increase in basis for capital gains if it was our primary residence?

20 September 2024 | 17 replies
I have done my research and feel confident the properties will still cash flow with Long Term Rental rates in the area, but will cash flow a much higher rate if the STR rates on the estimators are accurate.