Nadine Lajoie
How do I sell a note in Georgia to close that company?
Hi, I have a big dilemma. Because of double taxation Canada-USA (63-73% in my case) and all international form requirements, since I got married last year, and became a US Citizen for tax purposes ONLY (!!!!!!!!!!!),...
Dan Miles
Screening undocumented immigrants
How do you all screen illegals for a rental property? They have an ITIN but no social. Can I ask the police to check for something?
Ryan Cleary
Should I sell now or wait till October?
I am in the middle of a Live-in flip (purchased in October of 2019).My original plan was to wait 2 years to avoid capital gains taxes. I am just worried that we are in a bubble and I want to capitalize before it pops...
Charles Jessup
How can I reduce capital gains tax on a new rental home?
I bought my primary residence 4 years ago for $150k. Now it's worth $200k because of market increases in the area. I'm planning to buy a new house to live in and rent out the old one, but I'm concerned about becomin...
Bruce Crawford
Looking for a reference for a good CPA
I am looking to change my accountant and I am looking for any reference for a CPA that understands real estate well, and also how to work on expat taxes (I am based in Tokyo). Thanks for any suggestions! There are a f...
Richard Warren
IRS warns of First-Time Homebuyer Credit fraud
Boston - The Internal Revenue Service today announced its first successful prosecution related to fraud involving the first-time homebuyer credit and warned taxpayers to beware of this type of scheme.
Full article:
h...
Keri Parker
what should I charge for a billboard land lease?
I have a property on 620 in Austin. Its the area past the dam, almost in Lakeway. It has 620 frontage, with no trees or obstructions that would hinder anything to do with the billboard. A company approached me abou...
Account Closed
The Financial Accounting Standards Board Ready to Change Rules
Time to keep a look out and be mindful of the following article written by the ICSC (International Council of Shopping Centers)
ICSC is trying to ensure that accounting rules governing the way retailers report their...
Bill Exeter
IRS Issues Tax Relief for California Fire Disaster Victims
The Internal Revenue Service announced tax relief for Southern California taxpayers in the Presidential Disaster Area struck by severe wildfires beginning on Oct. 21, 2007.
The disaster area consists of the followin...
Yuriy Skripnichenko
Rental income and expenses; IRS publication
Hi all,I came across this IRS publication with detailed explanation on to how to treat expenses for your rental property. Including depreciation and including rental of vacation homes. Here is the link https://www.irs...