Connor Johnson
Sheriff Sale With Federal Tax Lien
Hello,
Big time reader, first time poster. I am looking at a property in Texas that is coming up on the Sheriff Sale this month. It is coming up for sale because they haven't paid the local school tax. It had a Fed...
Ben Feder
How to get tenants to pay for utilities?
How do you get tenants to pay for the utilities? Do they get a bill from the utility companies directly, and if so, how do you set that up? If not, do you personally bill them for the cost each month in addition to re...
Lewis Anderson
Tax Question for working overseas
Hello everyone I have a question regarding taxes I am deciding whether or not to take a job in South Korea. I was wondering if I did take the job could I exempt myself from paying state taxes or federal taxes. The imp...
Chris Brown
Federal Tax Lien on Foreclosure
Good morning BP,I am looking at a property in foreclosure that has a Federal Tax Lien recorded PRIOR to the recorded date of the first mortgage. In this scenario, the Federal Tax Lien would take priority, correct? SO ...
Sami Gren
Do you charge late fees during the corona pandemic?
Hi,
I would like to know how do you go about tenants paying rent late during this corona pandemic, do you charge late fees?
Rada Vassil
2014 and 2015 Income Tax Brackets
Here are the income tax brackets for 2014 and 2015 (from Bankrate). The same six tax rates still apply, but the income that falls into each in 2015 is adjusted for inflation.http://www.biggerpockets.com/blogs/5881/blo...
Evan Loader
K-1 state tax filing requirements
I am a limited partner in several syndications in Kentucky, Texas and Georgia. I am a Michigan resident. I receive a K-1 for all 3 for my federal taxes. Will I need to file a Georgia and Kentucky state income tax retu...
Jeff Tumbarello
IRS Taxstats 2009
The 2009 summary of US income and taxation
http://www.irs.gov/pub/irs-soi/09in11si.xls
To balance just one year's Federal budget, everybody's income tax would have to AVERAGE 50% to just break even with spending. T...
Eric Lunsford
Tax implications for a private lender
I apologize if this has been answered before. I did a brief search and didn't find anything that answered my question. I'm wondering how private lenders get taxed on their earned interest as they loan money to RE inve...
Mike McKinzie
Stimulus
L.A.: $111M in Stimulus Saved Just 55 Jobs
More than a year after Congress approved $800 billion in stimulus funds, the Los Angeles City Controller has released a 40-page report on how the city spent its share, and t...