I try to be frugal and dedicated.I read books on the tax benefits of real estate. I then filed my first year with TurboTax and was all of a sudden surprised. A lot of tax deductions didn't apply to me due to my income...
I've read that a business owner can hire their children, then fund a Roth IRA for them since they have earned income. Are there any reasons this would be a bad idea?
Hi all, we house hack a triplex currently. So we've had expenses for repairs, maintenance and improvements. As I do my accounting for these expenses to keep track of them, how do you divide the receipts? Currently I s...
Greetings!
I am an accidental landlord hoping to become a real estate investor. I have several properties which I inherited. I have been actively reading and learning about rental properties.
I would like to hear op...
I just reached a point in my business that I need to improve my bookkeeping systems and procedures. I feel that with the 5th property I can support the cost of buying Quickbooks.BUT I dont want to spend hours and hour...
Hi Everyone,
The reason for this post is to gather feedback on what your ideal services, care, and even pricing would be for a CPA. BiggerPocket clients are some of my favorite to work with so any and all constructi...
I want to scan my receipts, starting with this year, and store them on a jump drive. Any better way to do this... such as, should I keep them in folders by month.... by project.... by vendor (ie Home Depot stays t...
for investors in Massachusetts with two or three properties how do you structure things? do you have an S corp for the taxes or something else? I know LLCs are expensive so wondering what others are doing.
I have a few properties that are rentals. I just paid an accountant to do some back years tax inome filing and this year. All the finacials were given to him on spread sheets. My question is about $1300 per year f...
It's been months since the last one - let's tango :)