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22 January 2019 | 3 replies
Do you get some kind of federal tax break for setting up a corporation in Nevada?
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22 January 2019 | 4 replies
Back in October of 2013, I was working in Arizona at my federal government job when something happened that I never had experienced before.
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11 February 2019 | 41 replies
This is one of the reasons why I lost my s*** for a minute when we had that discussion about federal workers getting rent amnesty because they didn't plan for contingencies -- when landlords don't plan for contingencies we end up stuffed in a crawl space with a sob story printed about us in a local newspaper and people speculating about what we must have done wrong.What we actually know is that the LL was in physical proximity to the tenants and the result is that the tenants are now able to tell their story while the LL is not.
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27 January 2019 | 11 replies
Banks wont seem to do a ELOC in TXRefinance quote with Navy Federal ended me up with over $2k in various fees.
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31 January 2019 | 15 replies
@Daniel StanzialeYou may want to look into doing a house hack and using the IRA money towards the down payment.There is an exception that up-to $10,000 of IRA funds can be used for a personal residence without penalty.The distribution will still be subject to federal and state income taxes.
27 January 2019 | 8 replies
When you sell, you must reverse these deductions and pay tax on it: up to 25% Federal tax plus CA state tax.
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25 January 2019 | 4 replies
Final regulations provide limited guidance, but IRS gives a safe harbor.The new tax break applies to qualified business income from a trade or business.The final regs continue to refer to the standard under federal tax code Section 162,the statute that generally governs the deductibility of trade or business expenses.Unfortunately, this standard is somewhat unclear in the context of a rental activity.That’s because it’s based on facts and circumstances specific to each taxpayer.Among the relevant factors: Type of property leased (commercial or residential),extent of day-to-day involvement by the lessor or the lessor’s agents, lease terms,number of properties rented and other ancillary services provided under the lease.The safe harbor applies if at least 250 hours are devoted to the rental activityby the property owner, employees or independent contractors in a year.
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1 February 2019 | 3 replies
@Jessie Eagen, intrastate offerings are exempt from Federal Securities laws, and are subject only to the securities laws of the one state where the offering effective.
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30 January 2019 | 2 replies
The term REALTOR® is not only a trademark owned by NAR and protected by federal law, it's a valuable membership benefit that distinguishes members from other real estate licensees.May 17, 2013What the above says is even if you have a real estate license, you still can't even use the term Realtor, unless you are a current member of the National Association of Realtors.
29 March 2019 | 9 replies
My solution was to join the military and get it all paid off immediately, but if you wanted to pursue repayment options, there are Indian Health Services Program, Federally Qualified Healthcare Center loan payback, and military loan repayment programs.