However, yes at the end of the day the preparer can be fined or even suspended from practicing, the Taxpayer is the one who is stuck with the bill.K.

I just thought about all the years I had rented and how much I appreciated a nice and proactive landlord and wanted to emulate their practices.

So I know I can do the legwork to set up and market a succesful wholesaling practice.

Is this already a standard practice among wholesalers?

Unfair trade practices carries a big club.

What is the real purpose of your "system automation" does it support ethical and legal practices to a business mission?

That’s for sureSo for $X a year I would add that additional layer of protection (on top of $500K in liability insurance of course)Good to see someone actually got some info from practicing attorney’s on this complex subject, thanks!

When I told her the rent, deposit and other basic info, she practically started yelling at me about the price of rent.

The value of your labor is stored in that money and now, Joe, your partner, gets the benefit of your previous hard work.I’m not trying to be weird or philosophical, but simply trying to keep you from feeling guilty by believing you are not earning your half of the deal because you “only” funded it and provided no extra labor.There are more practical reasons.

While effective, traps are standard practice.