Arash Motedaeiny
Does Airbnb rental offset federal and state tax
Does anyone own a Airbnb and if so does it offset your W-2 income including federal and state taxes. I read about irs code 469 and it states short term rentals will wipe away w2 taxes. Anyone have experience with this?
Christopher James
30 % Federal Tax Credit for installing Solar Panels?
I recently read an article that there is a 30% federal tax credit for installing solar panels. Is this also for investment property? Does anyone out there know
Nathan Gesner
Mortgage foreclosure, $400,000 in state/federal tax liens
We rarely have foreclosures in my area and there's never enough meat on the bones. I finally saw one that looks promising, but it looks less promising now that I've researched it.ARV is $400,000, house is standing and...
Ben G.
IRS Federal Tax Lien on Home Under Contract
We have a property under contract and our title company found a IRS Tax Lien attached to the property.Ron Legrand says if a property has a tax lien attached to it, that if title transfers we can request a lien release...
Calvin Torng
Federal Tax Lien on Auction Home (Quitclaim deed)
Hello BP,I'm looking at a property of interest on Auction.com, but it has a federal tax lien of 17k. If I win the auction (say at 100k for example), would that 100k go into paying off the federal tax lien or is the 17...
Shawn Hannan
A couple of questions on federal tax liens...
Hi All!I am looking at a couple of multi family properties that are due to come up for auction at a county tax forclosure auction. The same individual/LLC owns both. Looking at the title reports that were done by a ti...
Steve Sherman
Getting Federal Tax Lien waived for a Tax Deed Auction property.
Hello BP Fam. I recently won a bid at a Tax Deed auction in St. Louis. When the title report came back on this property, it showed a 57k IRS federal lien against this property. I can still bail on the property and get...
Kunal Patel
Are FICA taxes deductible or only Federal and State Income Tax?
Hello,
Does anyone know what taxes are deductible through business expense? For example, if you have a W2 job and make 100K. Then you pay 24% on the 15K from the 85K to 100K bracket of your income. Adding the FICA t...
Steve Sherman
Getting Federal Tax Lien waived for a Tax Deed Auction property.
Hello BP Fam. I recently won a bid at a Tax Deed auction in St. Louis. When the title report came back on this property, it showed a 57k IRS federal lien against this property. I can still bail on the property and get...
Marty Hofmann
Do I inherit State and Federal tax liens when purchasing tax sell
Last year we purchase an investment house on a big lot. Shortly after closing (online forecloser auction) we found out that we only purchased 1/2 the lot as the county only foreclosed on the one lot. The adjoining lot...