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19 July 2022 | 4 replies
Unless you like spending time with auditors, you should not try to do this yourself.
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1 September 2016 | 2 replies
I'm looking for any tips and tricks you guys might have about using the Franklin county auditors website here in Columbus Oh. ?
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20 January 2023 | 1 reply
In the event of an audit/inquiry, it's up to you to prove that intent, so you'd want to keep emails, communications, social media posts, etc that would showcase that intent.An auditor might dive pretty deep due to your flipping goals, so in the end it will depend on the quality of your proof against what can feel like the auditor's whims.For the land - if you were clearing large growth/timber/trash with the intent to begin building, then yes - that's part of basis.
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5 November 2018 | 16 replies
A little background about me: I'm 23, graduated college with an accounting and finance degree, and have been working at EY as a public accountant - auditor, for about a year.
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14 January 2023 | 1 reply
First question an auditor would ask is why is your LLC paying your personal expenses and receiving funds from your personal property
18 January 2023 | 13 replies
If your books are not squeaky clean, expect some friendly government auditor to hang you out to dry as soon as they have the opportunity.
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19 March 2022 | 5 replies
This would be a state dependent piece to look into.If they are all Single-Member LLC's you are okay to run them through one QB file because they are disregarded if they are multi-member I would get a separate QB for each LLC because I just went through an audit with a taxpayer and we had to send the QB file and the IRS now indirectly had information on all the other entities which thankfully the auditor we were working with was pretty laid back but it could have been a disaster.
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6 January 2021 | 49 replies
Worse, many IRS auditors believe that RE Pro status means a licensed broker.
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25 November 2019 | 146 replies
If you want to verify this deal, you can search 3561 Eden on the Hamilton County Ohio Auditor website.The Property, Area and The ProblemsThe property is comprised of 30 units of 2 bedroom-townhome style units.
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11 February 2023 | 3 replies
I would go to the county auditors website and find the name of the owner.