I'm trying to finalize a purchase but underwriting is not accepting my profit/loss statement and says it has to be certified by a licenced CPA. I need a CPA who can get me a quick turnaround.  This would be for 2020 a...

I was recently flagged for tax audit, and one of the asks was to show all hours spent on real estate. What a pain! 
What problems you face for tracking time spent on RE activities? 
Would love to chat more. DM me.

Hi all, I'm thinking about trying to take the home office deduction next year for tax returns, but am not sure if I would qualify. Can anyone tell me, is there a minimum amount of hours you need to use a room for busi...

Charles Kim owns two S Corps: Kim's Tae Kwon Do Inc. and Kim's Brokers Inc. in 2012, he W2ed himself $30k for both corporations. He has two 4th degree black belt instructors working for him and has a K1 of $70,000. He...

Can anyone provide information relative to the policing of activity in a SDIRA/LLC arrangement? How are things tracked to make sure transactions are non-prohibitive? Are there reporting requirements? I can see writing...

I was reading the "going to college" thread and was curious - has anyone here ever audited a class at a technical college to improve their handyman skills? For example, I've considered doing an electrical and/or HVAC ...

The Inflation Reduction Act of 2022 was signed into law on August 16, 2022. As part of this new act, the IRS was allocated $78 billion to hire around 87,000 new employees through the end of 2031. Of the 87,000, not al...

I am considering transferring funds between one profitable S Corp into an LLC for the purpose of purchasing a property.  Is it better to transfer the money to my personal account as a share holder distribution and the...

Hi, I just moved to San Diego and started real estate investing last year. I purchased a rental unit and did some private funding in 2016, and I will probably expand this business by doing more deals. Now it comes to ...

I'm a GC looking @ employees vs subs. I'm collecting employee cost based on hiring two to do rehab work @ $30K ea to make the decision. I don't like not having control over my subs, that is why I am looking at emp...