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14 October 2018 | 17 replies
I had no debt besides minimal debt for a vehicle and twice as much saved a few years ago, but with buying the first home we spent a good deal.
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11 October 2018 | 13 replies
This means the initial interview is perhaps your most important interview in this audit.You need to get your proof of material participation time in good order and technically correct before your first audit interview.You should have a record of the time you spent on this activity.Your record of time spent should be made on a timely basis (kept at least weekly).As you do for the mileage record on your vehicle, you can keep a test record for three months in a row if that record reflects the average time spent during the year.In the initial interview, the IRS is going to scrutinize your travel time to ensure that the primary purpose of your travel is business.
29 October 2018 | 6 replies
It's also not quick as opposed to rentals and or flips but in my personal opinion its a lot more lucrative than some of the other investment vehicles.
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13 October 2018 | 13 replies
I'm gauging interest in getting out of the desk and back into handyman/remodel work as a vehicle for income, capital, and to get me back out there and closer to the REI world.
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13 March 2020 | 7 replies
In Florida, Teen killed in motorcycle accident ( highly suspect that his plan to claim on insurance went awry and strong prescription painkillers involved).Single person occupancy and he was the only person on lease.He was in the midst of moving out, but left behind starving animals, drug paraphernalia, junk.Now multiple strangers are driving around and selling off his 6 vehicles and have been staying in the house after his death.
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14 October 2018 | 4 replies
LLC will mostly act as legal protection vehicle and there are rarely any tax benefits from LLC.
14 October 2018 | 3 replies
However, what does withdrawal look like on these vehicles?
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16 October 2018 | 12 replies
You've already got substantial income and the next step is creating the vehicle to protect that income and over time increase it organically - a self driving car if you will.
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20 October 2018 | 28 replies
What is your financing vehicle?
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22 October 2018 | 14 replies
Business Ownership and Real Estate are the two biggest vehicles towards building an empire.