This question is for all my Philly folks out there who have experience with flipping and specifically filing for the 10-year tax abatement. I'd really appreciate the help!I am flipping a single family house right now,...

I’m selling a property right now for a long-term capital gain of ~$55,000. Am I correct in understanding that my 2019 long-term capital gains will be 0% up to $39,375 and my standard deduction (single) of $12,200 mea...

Hey everyone, EIN filing time for my single member LLC. My attorney was so kind to include some documentation about filing for the EIN...but alas my simple mind cannot figure out this quote for some reason. Or maybe I...

Can anyone could recommend an experienced CPA in the DFW AREA.

I have an LLC which was created this year, for a deal that fell through day before closing. There have been no transactions-no income no bank - but I want to keep it open for another deal. Do i have to file taxes on it?

Purchased 2005 at 190K and only worth $210K now. Selling. Overall made little money on place with expenses. Renting now. Little worried about Phoenix market and tired of the hassle of dealing with the rent.Total Eq...

IRS just announced the tax filing deadline will be moved to July 15, 2020. This is in addition to the previously announced move of payment deadlines.

I'm interested in whether any of you think that your country would be better off if it used a Land Value Tax (LVT) to replace income taxes? The basic idea is the income tax is really terrible because it punishes peopl...

Does anyone know what the taxes would be if the assignment fee is $5k? I haven't opened a business entity yet. Thanks

Ilhan Omar a Democrat from Minnesota has proposed this bill that gives free rent without sufficient reimbursement to the housing provider.  It includes an attempt to take over privately owned apartments by the governm...