Pedro Morais
Distributions from one LLC to another
18 July 2021 | 9 replies
This just means in some sort of audit or lawsuit, your personal banking records will be needed to show the movement of funds to demonstrate that everything was done cleanly/correctly.
David C.
SDIRA experience - is it really worth the hype?
6 August 2021 | 17 replies
Unless or until better guidance becomes available or an opinion is handed down in an audit, that is.
David Young
Seller refuses to provide Residential Disclosure Form
19 July 2021 | 9 replies
When the Broker gets audited... the entire Brokerage could go down for this type of violation.
Costin I.
Multifamily and Cost Segregation Studies
15 July 2021 | 9 replies
Other methods have higher likelihoods of IRS audits.
Carissa Ramey
HOA Refusal To Share Documents and Forcing a Vote
20 July 2021 | 3 replies
HOA also have annual audits.
Jayden Hamilton
when buying an apartment complex...
17 July 2021 | 3 replies
Part of due diligence is a lease file audit of the existing tenant base.
Bill Cove
1031 Parents on Title
20 July 2021 | 3 replies
Claiming income, probably losses on something you didn't own may trigger audit flags.
Braath Waate
Assigning 1031 basis in a subdivided property used as a home
20 July 2021 | 4 replies
So I would explain all this to a representative willing to defend their determinations in an audit and cover all fees/fines/interest.
Peter Morgan
Vacant apartment high electricity bill!
26 July 2021 | 28 replies
By the way, an audit of your electrical draw when breakers are off, and when breakers are on, is needed to be sure your service has not been tapped into by a neighbor.
Alexander Witt
Introduction and a little bit of advice
20 August 2021 | 5 replies
If you don’t either you will not be able to write it off or you will subject your personal finances to an audit IF (and big if) the IRS audits anything.