Evan Loader
Need a CPA for Foreign Earned Income and who deals with K-1
I have a somewhat unique situation where for all of 2019 I earned my W-2 income overseas(in Bahrain) is working as a civilian defense contractor supporting the US Navy. I will qualify for the Foreign Earned Income Exc...
David M.
Approved SS, needs re-negotiating.
Ok, here is one from HSBC. This one is listed with a realtor, BPO is done($185k) over 30days ago. Agent had a full price offer in, HSBC accepted and issued an approval letter. ARV is $185k, which is overpriced and thi...
Joe Splitrock
IRS Plans to Double in Size - What That Means for Investors
More tax news out of Washington. The administration announced doubling the size of the IRS over ten years. This reverses the trend during the last administration of reducing IRS staff and scaling back the number of au...
Jack Thompson
Mortgage Forgiveness Debt Relief Act Expiring
It took me nearly 8 months to figure out what this so called "mortgage forgiveness debt relief act" really was and how it could benefit me. I was with my wife one day and we overheard two couples talking about it and ...
Matt Motil
Laid off today... take the plunge to REI full-time?
I have gone back and forth with taking the plunge into full-time or quasi-full time REI for a while now and my hand might have been forced today but for those that have made (or been forced) the leap it is scary to cu...
Kevin L.
Should I Accept a Potential Tenant That Has Low Income?
I am screening for potential tenants and so far, I have found one potential tenant that is the most qualified. However, she has low income ($56k), but an excellent credit score (750+) and a lot of assets ($1MM+). The ...
Brad Warshaw
What Liens Survive A First Mortgage Foreclosure At Auction?
What liens survive a first mortgage foreclosure? Let’s say you buy the banks lien at the foreclosure auction and you win the bid and own the property. What liens get whipped out and what liens survive?
Zulf H.
Is there support for rental tenants to pay rent - Chicago, IL
I have several units in Chicago and tenants are reaching out to me that they are not working and are looking for support. I know this is a tough time and we are in this together. How do I respond to tenants and is the...
Paul Allen
Alaskan REI/Lawyer Owes $96,812 in Taxes and Penalties
http://www.ustaxcourt.gov/UstcInOp/OpinionViewer.aspx?ID=11197Synopsis:An Alaskan lawyer (and a partner) purchased a property in Indiana in 2007 and operated it as a B&B until Jan 2010. Sold property in 2011, but ...
Leslie L Meneus
Ownership of a Business
What "Formation" do I need to use for -my company- to be "taxed separately" from myself?