Ken Sanders
LLC owns my primary residence -- $250k exemption apply???
1 February 2012 | 6 replies
As a general rule, for a disregarded entity, the owner will be treated as owning the residence for purposes of satisfying the ownership requirement of section 121, and the sale or exchange by the entity will be treated as if made by the owner.
Bret Bordwell
Is your local bank lending to value?
3 February 2012 | 21 replies
I understand why the banks want skin in the game, I was more concerned that there was a Fed rule that disallowed this type of bank behavior.Looks like I need to keep shopping.
Thomas Handy
It's Feb 2012, what did you accomplish in the first month
20 February 2012 | 32 replies
. :(- Had the IRS issue a ruling on my use of a large chunk of my retirement funds -- they determined that I get to keep my money
Lance H.
% of income for Primary residence?
10 February 2012 | 21 replies
The rule of thumb that is pushed by those with an agenda is 2.5X your income.
Robin Grimes
Welcome TaxMan, I no longer hate you.
3 February 2012 | 10 replies
Hamilton IIYour guide to IRS laws, rules and regulations.
Tony G
sub chapter s corp
3 February 2012 | 3 replies
-Steven the Tax GuyYour guide to IRS laws, rules and regulations.
Freeman W.
If I sell half my property, do I have to pay back the First Time Home Buyer Credit?
7 February 2012 | 4 replies
-Steven the Tax GuyYour guide to IRS laws, rules and regulations.
Drew Whitson
Do I really have to capitalize a $50 tool?
7 February 2012 | 8 replies
One reason being that this would be considered immaterial and falls under the IRS De Minimus rules.
Brad F.
Dad's SDIRA to my RE LLC
6 February 2012 | 4 replies
It would still be prohibited, it's also blatant circumvention of IRS rules.
Mark Coulet
HOA liens, who is responsible
7 February 2012 | 13 replies
Now, some states have different rules for whether HOA liens survive a foreclosure, and you will have to uncover what those rules are for the state where the purchase lies.