Kathryn K.
Declaring Insolvency to IRS
If someone is insolvent at the time of a shortsale and is issued a 1099 for forgiven debt, does filing insolvency with the IRS affect a person's credit? Does the IRS report to the credit bureaus? It would seem that i...
Jeff Nichols
Can I file electronically if my employer had to correct a W?
Earlier in the year my employer submitted my information for my w2 but it had an error on it. By the time it was noticed we were in the middle of the Covid crisis and the IRS was backed up. Because of that my employ...
Ashish Acharya
Last day to extend your tax returns.
Today is the deadline to file your individual tax return. If you have not already, there are three ways to get an extension: E-file extension for free e-file their extension form for free.By paying an estimate of thei...
Shad Rich
LLC Partnership Tax Deductions - Where To Deduct Shared Expenses?
I started an LLC partnership two years ago for rental real estate investing. The LLC currently holds two properties, one of which has been put into service. The properties obviously have their specific income and expe...
Julio Gonzalez
Tips and Important Dates for ERTC
First off, many people ask where the Employee Retention Tax Credit (ERTC) originated from?
The Employee Retention Tax Credit (ERTC) was created as part of the CARES Act. The purpose of it is to incentivize bosses t...
Mack Fleming
Partnership Buyout and Lien Question
I am in a partnership that is developing a residential subdivision. We had some things come up that I did not agree with, and I asked to step away. At this point, everything is documented regarding my departure. My to...
Sabino Gonzalez
Bought the house and now seller refuses to move!
Closed deal in mid February, seller asked for a few weeks to move their things and find new place. They called at 2 week deadline asking till the end of this month. The month will be over on Tuesday, so I assumed they...
Erik Snipas
Nassau County, New York Property Owners - Tax Grievance Deadline
Hi everyone! For those of you with property (commercial, multi-family, single-family, etc.) in Nassau County, New York, as a friendly reminder, the filing period for commencing a tax cert (tax grievance) proceeding ...
Keane Hammond
A question regarding Notice Of Foreclosure Sale
Hi everyone! Name's Keane and I've been in the Wholesale game for a few months now with enough success to want to pursue this career path further and absorb any scraps of knowledge I can. I've recently encountered som...
Todd Farmer
Hail damage claim
Thanks in advance for any answers given.Today’s date: 3-12-15State: Georgia Company: Farm BureauLoss date 3-18-13No work done yet on roof(claim details below)My questions are: Is there a deadline for getting the recov...