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Didn't 1099 any of my contractors so I have no labors receipts now that it's tax time any suggestions
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Helping someone buy a primary residence with 25% down in San Antonio. Great credit. Self employed tax returns don’t show true income.
Can anyone help? We are already under contract and need someone asap.
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Hello! BP is amazing and I'm educating myself as much as I can. I'm interested in lease option and wholesaling. I've never done either but want to. My question is in Pa you need an attorney to close deals (unless I'm ...
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Hello all, once again asking for someone to shovel me out of the....I am starting to get things ready for tax season and I was asked "Did you live in any of your rental properties during 2023? If so, which one(s) and ...
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Under what circumstances can a u.s. citizen have an offshore trust where the govt cant tax money on the funds inside the trust and at the same time cant look into the origin of such funds as long as a foreign citizen ...
I will be selling some land that I own and am having trouble understanding the tax that will be due. I entered the figures into 2020 tax software but the amount due does not match my understanding of tax computation. ...
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Hey there,Say I have a property worth $100k. I want to sell it to a relative/friend/anyone for $50k. Will either I (seller) or the new owner (buyer) incur any taxes/penalties? In an ideal world, I feel like I shoul...
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I asked my CPA about shifting $6,300 to each of my kids on my tax return for the work they did in my business. He told me I would have to 1099 them. Is that correct?
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My partner and I formed an LLC in 2015 and purchased a rental home. This is our only investment property and the sole reason for the LLC. In 2015 we did not issue a K1 and there was no return filed for the LLC. We fil...
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I found a deal for a fix and flip. I am wanting to do 90% of the work myself to save reno costs. For capital gains taxes, how can I charge my personal time to the cost for renovation?Ex. ARV - $161kReno-$16k (if co...