Joseph Senno
Multifamily tax question in New Jersey
Hi there,
I'm looking for CPA for our 2 family house in NJ. Usually my wife and I file taxes separately. Should we think about filing jointly now that we own a home?
Account Closed
new member from Chicagoland
Hey everyone,I'm fairly new here on BP and want to connect with people in the Chicagoland area. What are some of your favorites areas to invest in Chicagoland?
Henry Clark
Property Tax Zoning or ????
Do you know of any situations where property taxes are increased exorbitantly to shake loose undeveloped property? I’m running for our county board of supervisors. The main issue is to lower taxes. I can easily get...
Renee Siegmann
renting property to adult child
I am looking at purchasing a property then renting to my adult child. The banker said I could put her on the loan, then she can get a home owner occupied lower tax rate but also said I could still rent it to her and g...
Pandu Chimata
Depreciation and large taxable income
Hello everyone !I heard that we can/should claim depreciation (if available) on the rental/business properties every year. Obviously, this will help paying less or no taxes at that time.However, when you sell the hous...
Travis Reed
Protesting property taxes for commercial office property
With the uptick in cap rates, shouldn't everyone be protesting your county tax property appraisals to reflect lower tax values this year?Here in Texas, my county is really trying to screw me. For my commercial office,...
John E.
S Corp Reasonable Pay
Hey Guys!
This is going to be quick- I promise!
I've been told and read that when forming an s corp owners must be paid a reasonable salary and can't just let all of the money pass through and be paid as a dividend...
Bob Floss II
1 in 10 City of Chicago Properties Have Delinquent Taxes
https://chicagocitywire.com/st...More than 163,000 Cook County property taxpayers didn’t pay their
bills this year, according to an analysis of Cook County Treasurer
records by Chicago City Wire. That’s about 9 pe...
Chris Allen
When to sell properties
When Do you think the best time would be to sell off a small portfolio? long story short, I will be starting grad school next year and will not be able to work while in school for the next three years. I am wanting to...
Cooper Weisbach
How is Property Tax and LPV calculated in AZ?
Hey everyone! I'm just trying to see how property taxes are actually calculated in Maricopa County, AZ. Based on what I read on TurboTax, the county assessor determines a home's full cash value(FCV). From there, a val...