14 August 2024 | 3 replies
In that case, the single member LLC is not a tax election but instead a legal entity, and the IRS treats single member LLCs as pass through entities, so the info would go on Schedule C of your 1040 tax return.

15 August 2024 | 29 replies
Business lines of credit in my experience will often be high doc, so you need to have your articles of organization, the EIN number from the IRS, any other mbr/managers may have to be signatory to the debt (vs non-PG), and depending on the bank, they often want to see business tax returns.

15 August 2024 | 13 replies
This will also help when you file 1099s to report the proper amount to the IRS and send a correct 1099 to the PM for their PM Fees and possibly any Advertising or Repairs they may have doneFor the mortgage you will split it like you have it except the Mortgage will split to include the Principal amount to the Liability and the Interest expense.

14 August 2024 | 22 replies
Would you be open to hopping on a quick call sometime to discuss the Columbus market in more detail?
21 August 2024 | 182 replies
They are perhaps trying to rival the IRS in complexity.

12 August 2024 | 14 replies
A "title search" may not include IRS lien, Bankruptcy, death estate searches etc.

13 August 2024 | 11 replies
The IRS doesn't allow tax breaks for self-dealing and I don't see how you would benefit.For example, rent comes to you for $1,000.

12 August 2024 | 0 replies
Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

10 August 2024 | 7 replies
However, I'd still love to hop on a phone call and see what you had to offer.

16 August 2024 | 277 replies
Yes let's connect and hop on a zoom call.