Xavier Pinkett
LLC, Annual Meeting requirements?
I’ve read that annual minutes are not required unless directed by state law or operating agreement. If this is true, I am thinking about amending my OA and removing the annual minutes requirement. Are you guys keeping...
Navid A.
What is my LLC classified as by the IRS?
I have a LLC with my wife and I listed as members under the Articles of Organization. Does the IRS consider this LLC as a sole Proprietorship? Also, since it's a pass through entity, I don't need to file a separate re...
Tammy Helble
Any ideas on saving on capital gains...
I am due to recieve 50k in captial gains from an inheritance this week which falls under my 2022 taxes (that now has to be amended). In talking to my tax lady that 50k throws me into another tax bracket which has me l...
Dan Host
Financial folks, I'm stumped. What's my best first loan option?
Hey there! Sorry for the long post. The urgency will be clear by the end, I promise. I'm ready to buy (or so I thought) my first investment property. I've got great personal credit, about $70k in liquid assets that I'...
Reid Isaki
have carry over losses forgot to file form 6198
I looked at filing an amended return but it doesn't really have any line items for carry over losses from rental property from the previous year. I know I needed to file a 8582 and a 6198 but only filed the 8582. Is ...
Michael Plaks
IRS misinterprets the 3-yr statute of limitations on amending!
I stumbled upon this article, written by a tax attorney, in a respected tax magazine https://www.thetaxadviser.com/...It implies that the 3-yr window on amending your tax returns and claiming a refund starts on the da...
Jarrod Covey
Will amendment to code affect STR operators in Austin, Texas?
Austin Business Journal released an article this morning titled "Austin City Council moves to tighten reins on short-term rentals"Political Significance: City council voted to approve an amendment to be drafted to Cit...
Steven J. Umaña
Are you amending your commercial lease due to COVID-19?
Greetings All,I'm looking for some feedback from the Ohio investor community as to whether you are documenting a change or disruption in terms of your commercial lease due to COVID-19. If so, what types of terms are y...
Michael Moreno
Seeking Advice on Amending Tax Return for Rental Property Expenses
Hi everyone,
I recently purchased my first single-family property in 09/08/2023 and converted two smaller rooms into rental units while occupying the principal room. I invested approximately $4,000 in furnishing thes...
Brandon P.
How most major Canadian cities being reshaped through zoning amendments
The federal government in Canada has rolled out a program called the Housing Accelerator Fund to most larger cities across the country. While the fund was announced in 2021, the first city to be approved for funding w...