Bruce D. Kowal
Income tax deadline on Monday October 17 - An important tip!
If you are NOT fully prepared to file your 2021 tax return on Monday, October 17, DON'T FILE LATE!!!!! [IRS calls this "FAILURE TO FILE". It is not a sexual dysfunction]
What you do is to FILE SOMETHING to the best...
Angelo Cortez
File now or wait until 100% bonus depreciation ruling?
What are you folks doing? I bought a STR last year, and if I file now, I get 80% bonus depreciation. Alternatively, I can file an extension and get 100% somewhere down the line this year.
Zach Silva
Month to Month Lease question
My landlord's tenant lease is up in a month and wants to go month to month. Do I use an Amendment or Addendum? Is there a specific TREC promulgated form?
Victor Yap
What does section 6A-8 mean?
For this form: https://www.trec.texas.gov/sites/default/files/pdf-forms/20-14_0.pdf , can someone help explain section 6A-8?The standard printed exception as to discrepancies, conflicts, shortages in area orboundary l...
Jim C.
Long Term Rental Properties- Schedule C or Schedule E????
I'm in process of switching accountants, and my old accountant had always put all my long term rentals under Schedule "C" when filing. However, my new accountant is telling me that all the long term rentals should hav...
Margaret Feit
Changing Depreciation Period from 27.5 to 39
I have a couple of short term rentals, definitely under 7 days average rental period. When I bought them several years ago, I started off depreciating them over 27.5 years, but after reading much conflicting informati...
Onan Dumas
Adding a Member/Owner to an LLC in Texas
Anyone know the procedures in Texas to add an owner/member to an LLC? I believe there isn't any amendment requirements but I am not sure. Thanks for the help!
Reid Isaki
put the wrong service date in 4562 form
I put in the wrong service date off by 1 year for placed in service for one of my properties. The depreciated value was off by 37 dollars. This was on the federal form and I can fix this on the state form , but woudl...
Reuben L.
Prior Year (2020) HSA Contributions after Filling Taxes in 2021
I have an HSA through my employer and I would like to do an out pocket contribution this year (2021) to make up for not hitting the max limit for last year (2020). Since I have already filed my taxes for 2020 a couple...
James Montague
What to do when Leasee couples break up & want to alter the lease
What do others do?I let both parties on the lease know I am happy to amend the lease to remove one of them, but they will both need to sign it to release one party from the lease.Anyone else dealt with this before suc...