Christopher Reardon
Audio book Question
How do I play audiobooks on my account? I try and download the zip and then nothing happens. I recently went pro and was going to start one of them. Thanks.
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...
James R.
Beneficial Ownership Information Report for U.S. Government
I originally set up my RE LLC through ZenBusiness. ZenBusiness adds reporting requirements every year. I received the following email below from them. The rule went into effect January 1, 2024.
Have any of your al...
Jay Y.
Checking to see if I need to file Form 8832
Hey guys,Here's my situation, my partner and I formed an entity call it First LLC which is classified as a partnership when the EIN was obtained. Later we formed another entity call it Second LLC and again is classif...
Joe S.
Owner financing a property in a land trust
I had one investor tell me before that they put their properties into a land trust and then owner finance the property without taking it out of the land trust. I had a hard time wrapping my mind around that. Any land ...
Chris M.
Changing from LLC to S Corp - How does it affect taxable year?
Hey guys, so we are changing our LLC to an S Corporation for our business entity type this year. We were likely going to do this in February of this year, 2018. My questions:1. Does changing from an LLC to S Corp affe...
Kimberly H.
New 1099 filing date to IRS as of this year??
My accountant emailed a couple weeks ago and said that the 2016 1099s have to be filed to the IRS by the end of February.However, I found an IRS website and Intuit website that says as of this year that the form needs...
Jenna Y.
Help with switching ownership structure from Joint Tenancy to Tenancy in Common
Hello - I'd like to change ownership structure for a property (my first deal) from Joint Tenancy to Tenancy in Common. Same owners.Looks like I'll have to do the following. Is this correct? Grant Deed: Fill out, notar...
Michael Gayer Jr
Just started an LLC, can I change tax election? (Disregard to S)
Aloha Investors,I have a Tax Question ...I just started an LLC on November 16. Can I change tax election? Change from Disregarded to S-Corp. I haven't done any transactions yet. Thank you in advance,Mike
Account Closed
IRS Change - Form 3115 (Application for Change in Accounting Method)
I just received an email from my accountant that basically stated the IRS has made some sort of change that will require investors to file a Form 3115 or they may be subject to a higher taxable income due to less dedu...