Julio Gonzalez
IRS postpones April 15 tax filing deadline
The IRS announced on today that they're postponing the deadline for all individual tax returns. Returns that were due April 15 are now due May 17. The IRS says it will issue formal guidance in the near future.
The ...
Justin Greenwood
Real Estate Property Analysis Question Related to Taxes
Hello Biggerpockets community!I'm a new investor. I bought Frank Gallinelli's "Mastering Real Estate Investment: Examples, Metrics and Case Studies" to practice analyzing property data to determine if a product was a ...
Paul Sterman
Does the bigger pockets BRRRR calculator factor in the tax benefi
Hi,
Does anyone know for certain if the BP BRRRR calculator factors in the tax benefit?I cannot seem to find the information (I have asked Bigger pockets but have not received a reply).Thanks!Paul
Chris Carruth
ISO CPA for small REI company
Looking for knowledgeable CPA who can accurately and legally do federal tax returns for single member LLC. Currently have a contrqct preparer but do not think she is knowledgeable enough regarding real estate.
Ben C.
New Jersey Real Estate Flipping Tax Implications
Hello everyone!I was shocked to learn that the tax implications of flipping property in New Jersey could make it cost prohibitive (eat of most or all of the profit). Are there any New Jersey season investors that coul...
Amanda Malson
Out Of State Investor
I have a business partner who lives in Texas and would like to invest 150k into a house flip in California. Does anyone know if he would have to pay CA & Texas Income tax on any profit made??? Any other taxes requ...
Javier Moreno
Owing tax’s to the IRS
I was wondering if anyone has experience with working with a individual who owes back taxes to the IRS and wanting to get a mortgage through government programs? Any links, tips, or advice would be wonderful thank you.
Scott Johnson
Husband and wife LLC. Single member or not?
In setting up my LLC in North Carolina (a community property state) is it preferable, for tax reasons, to set it up with only one of us as a member or both? My CPA says it is better not to have things set up as a par...
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...
Chris Mason
420 friendly jumbo
Any of you ever brokered a jumbo loan for a full time self employed medicinal pot dealer? Who did you use?It's all legal (CA legal, anyways) and on the borrowers tax returns and all that.