26 May 2021 | 4 replies
@Derrick WilliamsThe extension form to extend the federal individual income tax return is Form 4868.The thing is that the extension form gives you more time to file but not more time to pay.If there was any tax due, you would have to pay it in with the extension.If you have a state tax return obligation(maybe you invest in another state) you want to see if that state requires a separate extension.If you are in Houston, I would consider reaching out to @Michael Plaks with your tax needs.good luck!
12 March 2022 | 10 replies
Also to limit the tax liability on the individual side, there will be a large amount of cost-seg (from outside RE investments) that could be used against the higher shareholder distributions from the business.
16 January 2021 | 4 replies
In this case it is much more subtle/specific to the individuals.
17 February 2021 | 10 replies
I'm talking about buying an individual condominium/townhouse within a development that doesn't have it's own laundry in the condo.
5 January 2021 | 2 replies
I feel like the best approach is to establish some kind of relationships with them and ease into the information about those individuals who are looking into selling their properties.
5 January 2021 | 4 replies
Arguably just as tough as individual property evaluations.You will also be required to be an accredited investor (google it) in most cases.
15 November 2021 | 6 replies
As much as I'm all about FIRE (or at least the FI part), I do not believe that I can contribute 100% pre-tax and ultimately convert at 0% over time based on my individual situation (my buddy on the other hand who is planning to do this is in a different situation and it's POSSIBLE, but in my opinion not PROBABLE long term).
26 December 2020 | 11 replies
Even for 700+redit score individuals, YES, you should to that
6 January 2021 | 43 replies
A wealthy individual moving to a large state may not move the needle.
22 December 2020 | 5 replies
The partnership return needs to be filed before the individuals/partners can file their own individual return.Each partner may now be required to file a Missouri state tax return even though they live in a state such as Florida that does not have a state income tax.