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13 November 2024 | 2 replies
I never even thought of that.
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13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.
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28 November 2024 | 4 replies
As soon as the offer was accepted, we set up an LLC and transferred the contract over to the LLC, of which I am the sole member.
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29 November 2024 | 2 replies
Quote from @Steven Roil: Hello all, I am new to the site,. and tried using the forums to search for E2 Visa related questions but couldn't find much.
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28 November 2024 | 18 replies
However, I can't help but feel a bit skeptical about the legitimacy of these courses.
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28 November 2024 | 4 replies
Someone asked that they other day and that is kind of an eye opener/head scratcher.
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28 November 2024 | 5 replies
In the rare case of the property causing the liability you are going to be sued personally as well.
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15 November 2024 | 10 replies
There are far fewer opportunities for leaks to develop in the drain plumbing under the sink when there are less than half the amount of joints within the plumbing.
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14 November 2024 | 10 replies
In general ADUs added in single family zoned areas are typically receiving valuations of less than 50% of the hands off cost of an ADU addition.
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28 November 2024 | 5 replies
I have three DSCR loans and that is what I would use for the type of real estate you are describing.