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13 January 2019 | 6 replies
In the case of the DST it has been blessed by the IRS so that the trust is disregarded and investors can indeed exchange out of it at the end of the term.
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12 January 2019 | 7 replies
So do I just chalk it up to they are crooks to the IRS and hid all the cash deposits?
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12 January 2019 | 12 replies
@Jay HinrichsI was thinking if something along the lines if www.ripoffreport.com where landlords could report a bad tenant and attach supporting documentation, pictures or video, etc. the tenant would have the opportunity to respond and submit their own version of the story with supporting documentation.Other landlords could hop on and add their own two cents to a particular tenant. this would enable the viewer to see a running history of that individual even if it's separated by years.
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30 October 2021 | 7 replies
The IRS requires that as an S corp employee I pay myself a "reasonable salary".
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22 March 2019 | 12 replies
As Natalie alluded, you would be able to pay your "contracting company" and these costs likely would contribute to the IRS requirement of "Substantial Improvements."
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8 April 2020 | 10 replies
I will have a third party out of state company receive payments from the buyers and then disburse to me; they'll keep the schedule updated, report to the IRS at tax time, and provide online portals to both myself as the seller and the buyers so that they can see their payment history at their convenience, as well as make payments online.Anyway, that's the gist of it.
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12 January 2019 | 2 replies
I love the opportunity the hop on the phone with you and learn a little bit more of what you're trying to do.
28 September 2020 | 12 replies
The IRS most emphatically does not like this process . because the intent of the entity that you change to is clearly taking title only to resell.
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13 January 2019 | 12 replies
I still wrote a healthy check to the IRS, but it would have been tons worse if I did all in the same calendar year.Do you plan on doing a 1031x?
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13 February 2019 | 54 replies
Once you have that down, you will be able to hop on the next good deal that comes your way.