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5 February 2025 | 5 replies
As other have stated, the best thing you can do for the BP community is contribute to the forums.
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14 February 2025 | 6 replies
I can contribute to 23500 to traditional 401k, 8550 to HSA, and 7000 to Roth IRA.
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11 February 2025 | 2 replies
Contributions to SEP IRAs can be done after you file your taxes.
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18 February 2025 | 3 replies
Keep contributing to the 401k up to the limit of the match assuming the match is 25%+.
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11 February 2025 | 3 replies
All that said, depending on the size of your RMDs, liquidity needs, and total income, you may consider making deductible contributions to your own IRA ($7k limit, $8k if above 50).
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12 February 2025 | 9 replies
They contribute billions in payroll, sales, and property taxes.
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16 February 2025 | 5 replies
I would love to hear your thoughts and insights and eager to learn and contribute to this discussion.
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18 February 2025 | 5 replies
@Jake Faris Contributions for development and remodeling will be capitalized, increasing the property’s basis and reducing taxable gains upon sale, These costs are not immediately deductible.
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18 February 2025 | 11 replies
Additionally, wages sent directly to a church are not considered charitable contributions—to qualify for a deduction, the employee must receive the income first, pay taxes on it, and then donate to a qualified 501(c)(3) organization while itemizing deductions.The IRS closely scrutinizes arrangements that appear to shift tax liability, and if deemed an attempt to avoid taxation, both the employer and worker could face serious legal consequences.
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15 February 2025 | 15 replies
Why do you feel these posts contribute nothing to the forums when this particular forum is specifically designed to review real estate businesses?