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1 May 2019 | 9 replies
Contribution into an LLC should not be a problem - I'm guessing that you're using a disregarded entity LLC and it's not filing a tax return anyway.
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17 February 2020 | 20 replies
Expenses can be handled via an accountable plan (if S Corp) or without an accountable plan (if disregarded).Either way, it's highly recommended that you keep contemporaneous written or electronic mileage logs.
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16 April 2019 | 2 replies
Thanks Form tax perspective, your LLC can make payments directly to bank and get tax deductions or you making a payment will qualify for deductions as well.The SMLLCs are disregarded for tax purpose, so both ways are ok.
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8 January 2023 | 7 replies
I knew this would be upsetting to him but thus far I've been good on all my payments, I fronted materials + first draw before work ever began, I paid other draws and change orders before work was even completed despite the awful communication, delays, and just blatant disregard for deadlines, timelines, and tenants.
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26 January 2022 | 24 replies
Say someone calls me with a property that is ineligible for whatever reason and I tell them their rate is going to be higher by 1-2 points or more. 90% of people immediately disregard that property when they hear that.
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29 January 2018 | 1 reply
If they are disregarded, and the properties are filed on Schedule E of your personal tax return - then you can combine 1099s, using your SSN (not recommended) or your EIN.
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24 October 2018 | 7 replies
The penalties for not filing are as follows (for 2018)$50 per form if you are late filing, but file within 30 days of the due date$100 per form if you are late filing, but file by August 1$270 per form for filing after August 1 or non filerThere used to be an "intentional disregard" penalty of $540 per form, but I'm not seeing it in this year's regulations.The due date is January 31, but you can get a 30 day extension if you send in the proper form.If the IRS categorizes your rental as a trade or business, it is up to you to prove that it is not.
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17 March 2022 | 2 replies
For IRS, considered a disregarded entity.
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10 April 2022 | 20 replies
Buying 4 caps"If it's truly a "value add" deal, then you can disregard the going in Cap rate.
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11 October 2022 | 9 replies
Who takes the deduction — don’t care about federal irs position on disregarded entities since LLC’s are State entities subject to a State law regarding their veils...You want limited liability protection afforded by the LLC?