The Corporate Transparency Act (CTA), which requires businesses to report Beneficial Ownership Information (BOI) to combat financial crimes, is now facing uncertainty due to a recent federal court ruling:
What Happen...
I have been talking with a Broker about a property I am looking at. She told me that since the appraisal value of the property may have been too high, taht I may be able to protest the property taxes and get a somewh...
Can you 1099 someone who doesn't have their contractor or business license?
I have three STR properties that my wife and I have self-managed but from a tax perspective we've only taken the normal depreciation the last few tax years. However I am wondering if I can do cost segregation for all ...
Hey BiggerPockets,I need advice because I received a letter from Mid-Atantic Appraisal Consultants INC. I purchased my parents 2 family home by assuming their mortgage last October.The letter states I can be overpayin...
I just started RE investing around Oct and we want to make sure we get our taxes done and as well as all our education expenses. Need a trustworthy CPA who knows CA taxes any recommendations? We didn't make any profit...
I am curious to see if anyone tried self Filing taxes for 1065 for Rental Property LLCs? My CPA is ripping me for several years without much help. Any suggestions, please?
Laxman
Hello BP Nation - the thread title says most of it. I"m in Colorado and a business mailing address and the name of the person filing the annual report are required as is probably the case in most states. I two LLC's a...
A quick summary of the situation I am in (I apologize in advance for the long post). I own a property that I am in the process of flipping. The property does not have the real estate tax exemption, so the 2012 taxe...
Good Morning you all,I have a basic IRA question. I took a loan from my 401k in 2017 to buy a property. I got laid off from that job in 2018 and so the loan is now in default for $11,675. I am told that I'll save on p...