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5 June 2024 | 4 replies
Some examples of this would be 1) depreciation calculations such as switching from straight-line depreciation to accelerated depreciation (often used for cost segregation studies when not performed in the year placed in service), 2) income recognition, and 3) inventory valuation such as changing from LIFO to FIFO.Correcting a mistake: If you realized that you used an incorrect accounting method after you filed your tax returns, you can file this form to request permission to change to the correct accounting method so that your tax reporting is accurate.Here’s a chart that you may find helpful when deciding whether you need to amend your return or file a Form 3115.As always, I recommend consulting your CPA or tax advisor as the rules can be complex.What is your experience with filing a Form 3115 or amending your tax return?
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7 June 2024 | 8 replies
While completely renovating an MH is cheaper than a SF, it can still be quite costly.
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6 June 2024 | 0 replies
And don't get me started on grocery stores – building one in Worcester instead of Shrewsbury would cost the property owner an extra $220k annually.City councilors, can we please get some action here?
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5 June 2024 | 6 replies
Land costs make it very inefficient to build 1-4 at a time.
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6 June 2024 | 6 replies
After taxes and selling costs we should net roughly $700-850k depending on final sale amount.
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6 June 2024 | 7 replies
The neighbor's insurance will cover the cost to fix the damage.
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5 June 2024 | 3 replies
Hello all,I am looking for recommendations for a lender who will fund the acquisition of land and the cost to construct a duplex.
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4 June 2024 | 5 replies
Meanwhile I received call from insurance saying some adjuster will visit to check eligibility for coverage and I asked restoration guy about expenses he said you will get it after work but suggested not to worry as it wouldn’t cost more .
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5 June 2024 | 14 replies
The investment is the down payment plus the closing costs: 40,500+5500= 46,000.ROI = 4297/46000 = 9.3%GPT doesn't understand the power of leverage?