1 August 2024 | 125 replies
For what it's worth, I worked for the federal prosecutor's office during law school, but also support the Innocence Project, and in general think we sometimes overdo punishment, esp for non violent convictions.With that said, 1994 conviction and then a 2014 conviction is a big red flag.

2 August 2024 | 53 replies
This is the first time USA is acting like Africa fourth-world country that they blocked presidential candidate by using a "judge".Also take a look at how Elon Musk is treated when they're not voicing the same song as the elites.Something really broken in America.And, in this digital age, with TX now the 8th largest economy in the world among nations, does TX really "need" the Federal Union any longer?
26 July 2024 | 3 replies
I just received my Federal EIN for LLC B and in the address it has my name listed as "SOLE MBR".

27 July 2024 | 4 replies
Which then puts you at odds between a state which says it is not your primary residence and a federal government which says it is.
25 July 2024 | 10 replies
No, this is common for states to not follow the federal guidelines when it comes to bonus depreciation, there is no exemption or other work-around.

27 July 2024 | 108 replies
If you have little to no taxable income, you will qualify for credit through the ACA.

24 July 2024 | 2 replies
Great post.I have not paid federal taxes in 3 years, legally.

21 July 2024 | 10 replies
I wanted to get the opinion of others on what the best strategy is to deploy capital back into the properties to in order to reduce our taxable income while also continuing to build wealth.

25 July 2024 | 8 replies
(Remember, a loan is not a taxable event.)Given that mortgage rates are also close to 7% this won't boost your cash on cash returns much, but a higher percentage of your free cashflow will be tax sheltered, potentially all of it.

25 July 2024 | 5 replies
No one on this forum will be able to answer his question unless he wants to provide his income tax information.Capital gains at the federal level is either 0%, 15% or 20%.He may have capital gain carryoversIt may potentially be considered a business and subject to ordinary income which would be at his marginal tax rates.No one knows where the flip is done or in what state which impacts his state income exposure.