Greg O'Brien
PPP Forgiven Funds are NOT Deductible
IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes. In essence, the forgiven funds are taxable, in direct conflict with the Cares Act. Congr...
Carlos Encarnacion
32-unit Apt Complex in East Dallas - Property Management
I am closing on a 32-unit apartment complex in about 3 weeks in East Dallas, TX but I’m having a very hard time finding a Property Management Company.Current PM is not doing a good job so I need new management.Can som...
Jon Dowe
Is this a viable plan for helping alleviate parents' tax burden??
Hi and thanks for reading. I will try to be as concise as possible while providing as much pertinent info as needed.I am the only child of my parents, aged 69, who have done quite well amassing significant retirement ...
Jake Chambers
What do you use to assemble documents?
I know this is a shot in the dark and my Stepdad thinks I am wasting my time but I am hoping there is at least someone else out there in the place we are in and have an idea or two to explore.
I work for my Stepdad. ...
Tomiko Graves
S-Corp Suggestions Anyone?
Are there any companies you would recommend to me for starting an S-Corp. There are tons of companies online, most around $49, but just wanted to check to see if someone could vouch for one in particular.
Brandt Tingen
Self-Employed Owner-Occupant 2-4 Unit Loans
Hi All,FHA loans are great for owner-occupants with a W2 job, but can be prohibitively restrictive for those who are self-employed or run small businesses. Have a borrower with excellent credit, cash reserves, track ...
Christina Gomez
Brand new LLC what tax classification do I choose?
Hello my name is Christina Gomez, I just bought a home on the Big Island of Hawaii. I am starting a vacation Rental where I will be living full time. I have already applied for my LLC and in the process of getting me ...
Mike T.
Qualifying for sd roth solo 401k
I am a w-2 employee. I would like to start a side business for my wife and I to qualify for sd solo roth 401k. If I start an llc that executes regular marketing, wholesales some properties and completes some rehabs....
Lynnette E.
How do you know if a pay stub is real or fake?
I am reviewing applicants for a property and am wondering how to tell if a pay stub is real or not. The applicants are claiming that they are transferring from IL to TN and the company is not real friendly with verif...
Grace Gudenkauf
Internal Property Manager
Hi all, I am curious who here has an internal property manager (meaning someone on YOUR payroll who works for you and only you). I self-managed up to 25 units (over half mid-term rentals) until I hired someone for 10 ...