Well, news flash on the Today show, number one tax cheats are contractors, second is landlords. They even have it down to geographic areas, sections of LA, Dallas, some other cities were named.

If you haven't droped...

So I have 12000 miles that I kept track of for going on trips to the store/to see tenants/ ect for this tax year of 2018.My concern is is that too many miles that could trigger a audit? I have 9 rental properties that...

I hear that taking too many write offs will cause you to get audited. I also heard that you’re more likely to not get approved for loans if you write off the wrong things. Why are write offs so bad if they are legal?

Hey all. I've been looking online but cant seem to find a great answer. I'm trying to find a good estimate of what I can expect to pay for a cost segregation study on a single family home in Connecticut with a purchas...

I just purchased a house by the beach that will be a STR.  I am in the process of renovating, but I am doing so from out of state, and for various reasons I might not generate an income from the property this year.  C...

Every year, the State of FL requires a GAAP audit for all Licensed Lenders. The cost of these audits can vary greatly, based upon the experience of the CPA firm. >> Can you recommend a CPA who can perform an aud...

Hello BP family, I had question about 1031 and reverse 1031 exchanges. I know this is  an oversimplification, but coming from a legal background Im trying to understand whats going on in a 1031. My impression of the p...

I know a few investors that have never filed 1099s with contractors. They claim to either play dumb (thought it was a C-corp) or just never file. One guy has never filed in over 10 years and never a peep from the IRS....

Hi guys,I have a question for you:I have an acquaintance who went to jail for tax fraud. He says another big business came to town and wanted to buy him out, but he refused. So that business sent a couple of accountan...

I am a practicing Texas Licensed Civil Engineer. I work at a consulting firm that does development work, utility work, drainage, paving, construction management, surveying, plating, etc. I estimate project costs on mu...