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18 March 2020 | 3 replies
My mother does the books and I manage the rental contracts and do some of the repairs or meet with contractors.How should we classify the income from each property and file taxes?
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20 March 2020 | 18 replies
Check with local charities and direct your tenants there as wellCheck with your bank about making interest only payments.See if they have filed a tax return and are getting a refund.
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17 March 2020 | 5 replies
When a CPA does your taxes, are they willing to sit down with you and explain all the intricacies they did, or do they charge you 100-300/hr on top of the filing fees to explain?
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23 May 2020 | 10 replies
One of the recent turnovers I had 58 separate showings in 60 days (slower market) and ended up only meeting the approved tenant after they had already filed out their application, paid first month/security, and moved in.
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16 March 2020 | 1 reply
For example, suppose a CA resident formed a disregarded FL LLC back in 2015 to hold an investment property there, and was unaware of the CA filing requirement.
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16 March 2020 | 7 replies
In the book, it discusses starting out establishing a corporation for yourself, as a corporation is nothing more than a file in a desk, but the benefits and tax savings can be massive.I have heard a lot of debate between deciding between an LLC vs simply insurance, but are there really benefits to starting a corporation for yourself, or is this part of the book a bit dated?
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17 March 2020 | 9 replies
Check your state's unemployment website, PA is allowing filing nowhttps://www.uc.pa.gov/Pages/co...
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23 March 2020 | 49 replies
I have friends previously working low paying hourly jobs already trying to file for unemployment because they won't be able to pay their bills on April 1st.
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16 March 2020 | 1 reply
Since then, the file has passed back & forth to a Crystal Monteagudo (”Loan Processor”) with a series of document requests which seems unending.
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17 March 2020 | 3 replies
LLC can be taxed as a corporation if you have filed Form 8832 for the LLC, if that is the case, the LLC will be paying the taxes due and probably at a lower rate (but watch out for double taxation once at the LLC level and another at the personal level), that's my understanding, again best to speak to a good tax accountant or tax lawyer before making a decision.