Confused how this works for tax purposes.

Hi all,Happy New Year! Just purchased my first STR in Sevierville, TN. Closed mid-December and was able to get two bookings for the holidays. I know January and February are slow months, but looking for suggestions to...

@Clinton Davis The Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) have been reinstated after a temporary injunction, with initial reports now due by January 13, 2025, for companies formed before January 1, 2024.New entities formed after January 1, 2024, must file within 90 days of creation.

Hello All,

I am a long time , NYC based general contractor who has built well over 100,000,000. in interior construction , mostly for hire and made a lot of folks a lot of money. I started in commercial and morphed...

The Initial Filing:Any existing business not excluded must begin to file in 2024 via the FinCen network filing process.

However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect, we have extended the reporting deadline as follows:Reporting companies that were created or registered prior to January 1, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN.

There are so many local ordinances that can get confusing.  

Don't confuse the two.You're 19, good for you to getting involved but keep it trim.

High LTV purchased at retail (off mls) has large initial negative cash flow- regulations are tenant friendly.  

I don’t know how much initial equity but if your guess is right 10 cents on the dollar is about right.