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11 October 2018 | 64 replies
Subchapter G.If the personal holding company tax (IRC Sec 541-547) doesn't bite you the accumulated earnings tax (IRC Sec 531-537) will.The IRC strongly disincentivizes C Corporations to accumulate earnings & profits in excess of bonafide business needs.
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8 July 2019 | 2 replies
If that is true, I would buy and hold the properties in a self directed Ira or 401k and start accumulating tax free income for life -to be most efficient.
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16 September 2019 | 74 replies
Nice story, I am accumulating capital for first deal aiming at multifamily while reading everything I can and it's difficult because the people who usually support me think I'm going to fail.
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13 May 2020 | 13 replies
Using traditional financing, how fast are you going to be able to accumulate enough rentals to get to your goals?
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4 September 2016 | 2 replies
I recently sold my first property (I've historically been more of a buy and hold kinda guy), and I'm struggling with the QB journal entry to close out the property.I know I need to debit my asset accounts and credit my contra-asset accumulated depreciation accounts.
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1 May 2020 | 140 replies
Accumulating 40k votes is astounding, but when I consider it through the prism of the people that I "know" on this site, it makes a lot of sense - the guy's been in various forms of RE for a hundred years (or just seems like it) and knows what he's talking about.
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29 April 2019 | 22 replies
In reliance on Defendants’ representations made on March 2, 2017, Plaintiffs agreed to reduce what was owed by approximately $130,000.00; signed the Settlement Agreement; waived their legal rights under the original contract plus their right to a jury trial; and dismissed their counterclaim for breach of contract after Plaintiff spent considerable time and resources on accumulating evidence to support the breach of contract claim and prosecute it to Plaintiffs’ damage.
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29 February 2008 | 57 replies
These negative invoices have been accumulating over the course of 3 plus years.So after reviewing the company’s financials, speaking with an attorney and doing much research, Travis Whitener and I voted to close Whitener & Flynn Properties on July the 3rd.
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20 December 2008 | 25 replies
If you're buying deals like that, you don't want to accumulate too many (really, any) or you'll go under.The idea here is to make money, not accumulate property.
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17 November 2018 | 88 replies
Either way the value usually holds.i.e. one is wealth accumulation while the other is wealth preservation?