Mac Bradley
Foreclosure with IRS lien...did IRS ever redeem the property
I purchased a house at foreclosure w/ an IRS lien on it. Has anyone with the same experience ever had the IRS redeem the property? If not, do they typically just let the redemption period expire without releasing the ...
Doreen M ODonovan
IRS Tax Transcripts Required
The loan was supposed to close tomorrow but been waiting for final loan approval. Today the lender asked for tax transcripts. Went to request them on the IRS website and got locked out. Can't verify because they want ...
Robin Pierce
QuitClaim Deed from IRS
Needing help on how to handle a QuitClaim Deed given by the IRS. Backstory: My parents won an IRS auction and purchased a lovely lakefront property to be their forever home (not as an investment or flip) in East TX. ...
Margaret Feit
Properties Titled Personally but Reported on Partnership 1065
My husband and I have an LLC with a 50% split in ownership, taxed as a partnership. We own several rental properties, which we run through this LLC. We have separate business bank accounts and credit cards and run all...
Calvin Rankin
Is this something to worry about?
My wife is adopted but met her birth mom some years ago so we do have contact with her. The birth mom is a very shady person who does a lot of highly questionable things which is why I'm asking this question here.
Th...
David Lunsford
transitioning from dealer to investor
After speaking to CPA's, the tax attorney and real estate attorney it's clear I cannot run a dealer business out of one entitiy and create installment sales in another entity without running into problems with the IRS...
Gian Jr, III
Check my math? Deducting STR losses against high wave W2 job.
Hi BiggerPockets community, I am considering purchasing a STR and being an active participant for the opportunity to deduct the STR losses (notably deprecation) against my W2 job. I have been doing a lot of research h...
Shawn Walters
Buying Sheriffs Sale with IRS Lein
A sheriffs sale property I am buying from the courthouse has an IRS lein on it. I knew about it, so it's ok but have never done one. But what I'm wondering is regarding their clawback. So they 120 days from when I ...
Hanna Brown
Judicial Forclosure: How Verify JR Lienholders Served
Question for all you foreclosure buyers out there: How do you conduct your due diligence to make sure all the junior lien holders have been properly notified/served in the case of a judicial foreclosure proceeding?Apa...
Rene Bee
Contractor wants to be paid in cash
Hi Everyone,My GC want to be paid in cash. Its a gut rehab which will be over $100k. I will not be paying it all upfront. I am not concerned about him disappearing or doing a poor job as I have known him many year...