Jobee Vincent Buenaventura
In danger of breaching contract to deliver vacant
Hey everyone,Just wanted to cut to the chase, the rider was signed to deliver the property vacant (my mistake). We just finished the inspection phase and at this point under contract my tenants don’t believe they can ...
Bruce D. Kowal
Material Participation for Real Estate Professionals
1] Lots of questions about how to qualify as a Real Estate Professional. The absolute best resource for this are the IRS Audit Techniques Guide for Passive Activities. In particular Chapters 2 and 4. This is writt...
Ibrahim Hughes
Could I have purchased this property from bankruptcy?
I generally purchase tax delinquent properties. And some of my better deals tend to be tax foreclosures.However one deal that I was trying to purchase ended up going into bankruptcy by the seller. There were a lot of ...
Julio Gonzalez
Temporary Moratorium on Employee Retention Tax Credits
The IRS has placed a temporary moratorium on the Employee Retention Tax Credits (ERTC) until 12/31/23 at a minimum. Hopefully this article answers some of the questions you may have.
Why did the IRS implement this pa...
Clinton Davis
What's the latest on this BOI?? Go or no go?
I think it was BOI acronym but I heard it got postponed then came back and postponed again? I have an LLC do I need to file this form to the IRS? thanks.
Account Closed
Do I need to file a Partnership Tax Return if I am a co-owner?
So long story short, myself and another person co-own a property 50/50. We hold the property in our individual names. We have one property and after getting a rather large CPA bill ($1600+) for the 1065 Partnership ...
Benjamin Weinhart
Happy Tax Day! Quick Reminders For Those Yet To File
Hello everyone and happy tax day!Just a friendly reminder that the deadline to file Individual, Trust, and C-Corporation returns is today. Even if you owe tax that you cannot pay today, you should still file to avoid ...
Al D.
Procrastinators Rejoice (CTA/FinCEN)
https://natlawreview.com/article/texas-federal-court-issues-nationwide-injunction-against-enforcement-corporate“We note this is a preliminary injunction, and we urge reporting companies to pay attention for additional...
James A.
Tax Deed Sale Help - Washington State
Hey All,I'm just getting started with this strategy approach. Has anyone dealt or actively purchased any tax deed sale properties in the greater Seattle area. I'm gearing up for one, and I'm just curious to know how t...
Chai Jonn
Solo 401k Contribution Limits
Hello All,I have opened a Solo 401k Account last year. I have self employed income for 2018 and 2019. I like to contribute to both 2018 and 2019 this year. I have filed for extension for taxes for 2018. I am getting d...