Connor Heim
X-posted in Tax forum: Startup expense deductions for STRs...
25 April 2019 | 11 replies
(it's not worth depreciating a $35 table, anyway) Your actual issue is that if you were to be audited, you will not have receipts for things like your Craigslist purchases.Find a CPA who is experienced with real estate for sure.
Bryan OBra
Propert Manger never collected security deposit from tenant
25 April 2019 | 3 replies
They should be able to provide an internal audit.
Taylor Clark
Moving to Japan with the Military...
3 May 2019 | 12 replies
And finally, we used an IRS enrolled agent for our taxes, so that if we were audited they could stand in our place with the IRS.
Jacob G.
mortgage originator license
26 April 2019 | 5 replies
Also if that someone does miss something that's discovered during an audit, they get fined and not me (obviously a pattern will result in a severed relationship, so I keep everything compliant to the best of my ability so that final QC/compliance package is a slow ball I'm pitching their way that they can knock out of the park).
Sherwin Vargas
Change windows in renovation
19 December 2018 | 9 replies
They will do an energy audit and offer you a discount on insulation.
Michael A Pierson
Using investor Self Directed IRA
29 September 2019 | 10 replies
They handle all of the functions that a TPA would do, and are directly regulated and subject to audits.
Jon Dorsey
Property Basis for Depreciation
22 December 2018 | 8 replies
OR Look at the other multifamilies around your area, and take an average of those properties allocation if that is better than yours and document it if you ever get audited.
Scott Smith
Dealer or Investor? Capital gains for opportunity zones
24 December 2018 | 7 replies
As @Lance Lvovsky pointed out, the intention is what IRS will look for if you get audited.
Richard Snyder
Active versus Passive Realestate losses
1 January 2019 | 4 replies
Have you logged hours You need to should detail recording of your hours if audited.
Oscar Contreras
Saving money and getting started in RE
7 January 2019 | 11 replies
Additionally, we have used an Enrolled Agent CPA, who can stand in our shoes if we were ever audited by the IRS.My houses are in my profile so you can see how we have progressed.