"Filing a large claim for a refund on an amended return will almost always cause an audit," according to a former IRS attorney. https://www.taxprotoday.com/news/raise-your-hand-if-you-want-your-taxes-auditedThis is so...
Hi All,
Looking for some sources or answer if available. I am currently working abroad long-term. So I am not taxed in the US on the income I earn from my job. However, I do own a rental property in the US.
I know ...
First off, I’m not trying to do anything illegal I’m just asking if this is a plausible scenario.Also, I believe my title should read dependents instead of deductions. Sorry. I have a W2 job and one rental property. ...
How do I improve my credit score in 4months to purchase a home
Hey everyone, I have a prospective rehab project that is eligible for historical tax credits. Is anyone familiar with these? Or, does anyone know any experts? I would hate to throw an opportunity away just because I a...
What is a good credit score threshold which you can say safely meets the minimum requirements of most HELOC lenders?
I am trying to decide whether to use my tax refund to pay off some more debt before applying, or u...
Hello all,Purchased a house hack duplex this year and am in the process of doing my taxes (with a CPA) for 2021.We are living on one half and the 2nd half has tenants renting it.Trying to clarify/get 2nd opinion on a ...
Considering tenants are more likely to move during the summer months, do you think it's wise to schedule leases to expire during winter months? To discourage moving. TIA
I received an email about this today. Here is what was in the email:A California Superior Court has ruled that an out-of-state corporation whoseonly connection with California was its 0.02% ownership interest in a LL...
I've always filed my own taxes, with TurboTax. Given the simplicity of my income sources and lack of deductions, this was an easy and less expensive way to handle it. I now have 2 investment properties that I purcha...