If i am buying and flipping houses or doing all my transactions using my established LLC , do i have to have it registered with the IRS and have an EIN number ?I also have to have all the money spent out of a business...
When wholesaling real estate. If i was to do a deal a day with a profit of 19K a week thats 40K. Now because this isnt a job or any business do you file this on your taxes? Will you be audited? What legal issues sill ...
in case of audit... how do you find and show all the previous receipts?Scan and put in hard drive? or quickbooks app can store all receipts?
This might result in an "it depends" or "consult an attorney", but here we go...Is this statement true (and in particular in the state of Indiana if anybody knows from experience)?The certified (and notarized) rent ro...
How do you make sure this doesn’t actually happen to you? Before investing in a property with a HOA what criteria should you look at to determine the health and stability of the HOA? And how forthcoming is a managemen...
I've been doing a lot of research on rental property tax accounting the past few days and am amazed (frustrated) at how many different answers I'm finding. For example:
1. Pre-rental expenses. On the one ha...
Cost segregation studies is an area in which many people have a lot of questions about. I thought it might be helpful to address some of the most frequently asked questions that I receive.
WHAT IS A COST SEGREGATION...
Does anyone know if you have a net loss for the year, do you claim your home office deduction that year and carry it forward, or do you "not claim" it, hold on to the info, and claim it when you have a net profit for ...
so i have read and researched this designation for some time now, and even obtained good info from one of the forums' resident tax experts Steven Hamilton, II, but i am just curious how many out there are actually usi...
I have an expense recovery and cost savings business and want to market my services to commercial real estate owners. Mainly because many of my services really help commercial property owners get money back from the ...