Joe Scott
Tax return size --- an audit flag?
Is having a ton of rental properties & installment sales in a massive 1040 tax return - an IRS audit flag?? I have about 60 rentals and 25 installment sales. I'm continuing to add more over time. Most are cheapie ...
Raquel Baranow
IRS is Auditing My Real Estate Business
My business is buying vacant land, cheap through tax lien foreclosure and then selling it. I own 125-vacant lots. Business is BAD, I haven't made a profit in years. I was holding some of the lots for investment but th...
Ed S.
Loan audited after closing (I owe money?)
I just received a letter almost 7 months after closing from the title company (national lending service). They are saying that during a recent audit they found that there was a clerical error and that there was a shor...
Milica Andelkovic
EDD AUDIT QUESTIONS - What are good answers?
PLEASE HELP WITH SOME ADVICE. Company were I work is in the middle of EDD Audit. Auditor sent us this questions:1) How do you determine what work needs to be done on each of the properties?2) Are there prope...
John Morgan
Anyone ever get audited by the IRS?
Just curious if anyone has ever got red flagged or a random audit from the IRS for their rental investments. I haven’t yet, but wondered what that experience was like. I keep good records, but hope I never have to go ...
Deborah R.
Is Bonus Depreciation Worth the Audit Risk?
For 2022, my husband met Real Estate Professional status. I am a high income W2 earner. We filed an extension for 2022 taxes and are just finalizing them now. Our CPA says that if I cost segregate and bonus depreci...
Sean Li
IRS Audit Help - Past 3 years 1040
In the past 3 years I've flipped about 1 property per year in addition working my 9-5 job, I just received an audit from IRS saying that I have to pay an excessive amounts in taxes. I'm in need of a professional that ...
Corey Dutton
Scams in Forensic Audits Cost Borrowers Millions
Foreclosure rescue scams, also known as forensic loan audits, are still alive and well. In a loan modification scam, a forensic attorney or CPA, agrees to review mortgage loan documents in exchange for a fee. These...
Praveen Balaji
$935 "Audit compliance charge" in Buyer agreement
My agent has sent an exclusive buyer agency agreement. I'm fine with everything in the document except for something titled "Audit Compliance Processing Charge". The agency requires me to pay $935 when the transaction...
Keyonia Butler
What is a Securitization and Forensic Audit?
Educating yourself and gaining knowledge and information on 2 foreclosure Defense tools: Securitization Audit and Forensic Audit. I will be honored to answer any questions as it pertains. All the fundamentals neede...