18 November 2017 | 3 replies
Your wisest course of action is to see if you could have the keys to your new place a couple of days early (after you have paid 1st months rent and security deposit) to allow you time to move.

19 November 2017 | 3 replies
I suppose you have been reporting the rental income and expenses(including depreciation) on your tax return.If you get paid in Italian currency - it is your job to convert the amounts in USD when reporting it on your return.If you hold the property in an entity(partnership or corporation) you may have additional informational forms to file with the IRS.If you have a bank account in Italy with a value over $10,000 - you also have an additional informational forms to file with the IRS.You should have been entitled to a step-up in basis upon inheritance.

18 November 2017 | 3 replies
Freddie Mac Single-Family Seller/Servicer Guide Chapter 4501 As of 11/15/17 Page 4501-7 The Borrower may have an ownership interest in a residential property other than the Mortgaged Premises if the Borrower does not occupy the property, and the Seller documents the following in the Mortgage file: The Borrower inherited their ownership interest in the property and shares ownership with another party, or The Borrower owns the property with another party and the debt associated with the property was assigned to the other party by a court order (e.g., a divorce decree), or The Borrower is a cosigner/guarantor on the related Mortgage debt and someone other than the Borrower has made payments on the debt associated with the property for the most recent 12 months, as documented with copies of canceled checks or a statement from the lender See Section 5401.2(b)(i) for requirements for excluding liabilities, including Mortgage debt, from the monthly debt payment-to-income ratio.Well - this is my third property that I am acquiring.

18 November 2017 | 5 replies
No expenses are deductible on personal days.In this case - The IRS may come and tax you on the rent and disallow you any expenses.On a side note - Allowing a relative to live rent free may require the filing of a gift-tax return if above the annual exclusion.

18 November 2017 | 3 replies
Trying to email them does not work great since the files are so big.

18 November 2017 | 1 reply
Did you have to file with the SEC?

20 November 2017 | 11 replies
Your filings save you not the contractor.

21 November 2017 | 2 replies
My attorney told me that he and their attorney were going to file eviction papers against the occupants of the Mobile Home. the attorney agreed (at least I was told so by my attorney).
19 November 2017 | 5 replies
You could roll up a entity, and write off the office supplies or whatever you want to catalog it as, but the write off value on them books will likely be worth less than the cost to form the entity, documents, and tax filing cost.Once you have a working business, you can absolutely write off software, books, seminars, guru program, etc..

19 November 2017 | 13 replies
Recently, which no one has mentioned yet, and this has only been in the last 2-3 months Fannie Mae whom used to always require 2 years tax returns is now doing 1 year tax returns too depending on the findings we get when your file is ran through their automated UW system.