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Results (10,000+)
Benjamin Forest What the final answer on 20% pass through income tax deduction?
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.
Jessie Eagen newspaper ads for 506 (c) investors
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.  
Maurice Lucas Jr Structuring my business
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. 
Eric Palmer New dentist: balance between paying student loans & beginning REI
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.
Joe T. Double taxed by paying yourself through LLC?
28 January 2019 | 8 replies
It's wildly incorrect and will set taxpayers up to make serious mistakes who rely on it.An LLC is like a chameleon in that it can be taxed as a Disregarded Entity (aka a Sole Proprietorship/Branch), a Partnership, an S Corp, or a C Corp depending on the ownership makeup and elections made.Only knowing that you have an LLC without knowing further details doesn't help because advice can't be dialed in.The default federal tax classification of a single-member LLC (SMLLC) owned by an individual is a Disregarded Entity (DRE). 
Aaron Hunt Are you #itemized in 2018?
28 January 2019 | 2 replies
@Aaron HuntIt should be noted as well that some taxpayers will take the standard deduction for federal but continue to itemize for state.This is state specific. 
Zach McMichael Practical Implications of Taking a Property Subject To Mortgage
28 January 2019 | 2 replies
You have my permission to sign in and make the mortgage payments every month and manage the accounts and property.This way you are not seen as hacking into a federal bank across state lines and possibly committing a felony. 
David Smith How is the rental market in areas between Harrisburg & Allentow ?
25 February 2019 | 9 replies
Largest employer is the state governmrny and the second largest is the Federal government with multiple Army and Navy bases and civilian activities. 
Mary T. Tenant bounced two checks and won’t pay certified funds
6 March 2019 | 22 replies
Mail she could be subject to federal charges of bank fraud and mail fraud.
Daniel Stroe Selling Historic Tax Credits (HTCs) for a small project
28 January 2019 | 0 replies
Hi,We are completing a small HTC project (about 1.2 MM in state and federal credits) and are about to start a new one.