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14 March 2024 | 2 replies
The LLC is a passthrough entity for tax purposes, meaning the losses/gains will show on your tax return.
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15 March 2024 | 14 replies
Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed.
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13 March 2024 | 4 replies
They will act as a broker to source you health insurance (and other types like general liability etc) or other stuff you may want.I think we pay them around $1,000 per year, which if you tried to do that think of the time and effort.
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14 March 2024 | 0 replies
-Consider offering incentives or concessions if offers are not being submitted.Tax Planning:-Understand tax implications and consult with a tax professional.Pre-Sale Inspections:-Conduct inspections to address potential issues beforehand.Remember that every real estate market is unique, and the effectiveness of these strategies may vary.
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12 March 2024 | 17 replies
He claimed that transferring ownership to LLCs would trigger transfer taxes which also justified why I needed land trusts.
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14 March 2024 | 1 reply
However, it is important to note that the IRS has strict rules and regulations in place to prevent abuse of the depreciation tax benefits.
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13 March 2024 | 4 replies
If you paid him directly then they will have a case but if you made them to the company then they would appear to have liability
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12 March 2024 | 3 replies
I recently received a personal property tax return.
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12 March 2024 | 2 replies
A client of ours had delinquent taxes and the property was scheduled for a Tax Deed Sale.
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13 March 2024 | 17 replies
You are making almost everyone more complicated and expensive regarding banking and tax preparation.