Melanie Baldridge
IRS Form 3115
16 October 2024 | 1 reply
What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.
John Underwood
STR insurance in Florida
17 October 2024 | 14 replies
A while back, Florida had a pretty lenient claims process, and it led to a surge of fraudulent claims—way beyond storm damage.
Forest Williams
Tax Overages Business?? and Courses??
16 October 2024 | 3 replies
To learn specifics contact your local county to see what is required to claim the surplus and perhaps talk to a local tax line attorney.
Rod Smith
Do you really need a professional to get more website leads?
18 October 2024 | 6 replies
BUT, everyone claims to be expert.
Ted Barrett
Mortgage Rates Eating into Cash Flow Under 1% Rule
18 October 2024 | 25 replies
Even if I do not make an offer, I will provide feedback on how below market rents or unrealistic rents decrease the value of an investment property.
Mary Jay
Neighbors tree fell on my roof
15 October 2024 | 24 replies
Did not even bother filing a claim for the second tree.
Mark Mayton
Tax Sale Overages Courses
16 October 2024 | 27 replies
And in Oregon they end up escheating to the state as surplus then you have 9 years to claim them..
Josh Edelman
Las Vegas Market + News for September
16 October 2024 | 2 replies
Seven of the top 10 most expensive states for car ownership are in the West, while the Midwest claims five of the least expensive states.
Account Closed
Buying a property in 2025 - Bonus Depreciation?
17 October 2024 | 15 replies
UPDATE*I reached out to locally CPA and they claim they can handle preparing my taxes in addition to handling a bonus depreciation.
Andrew Burrell
LLC Creation Advice
14 October 2024 | 9 replies
Most importantly, the registered agent is listed on the documents, so my personal name doesn't appear anywhere and I can't be traced.I registered the LLCs and then filed a Quit Claim Deed to transfer the property from my personal name to the LLC.