I also own a small plumbing and heating company. It's formally owned by me, but my brother does 100% of the work as an independent contractor. Since 2008 was our first year, I've never had to 1099 him up until now. ...

I've tried to find the answer to this question over the past few days and have been unsuccessful. Everywhere I've read, including on BP, it's a "YES!!!...you CAN use your 401k to invest in RE" (rollover SEP-IRA, borr...

Being a newb, I spent around $32000 with a contractor who I never got an EIN from in 2014.The company name he used was actually under somebody else's name and in December it was dissolved...The contractor screwed me b...

I have a question that I cant seem to get answered just right from my broker. A search has turned up nada here too. Lets say I make 50k/year and have an IRA also at 50k just to keep it simple. If I do nothing I pay ta...

I just read a post where someone said you may have to pay SET on income from flips. Is that true?

Tried to do a title search but its a small city and not such info online.
Tsunami hit Cresent City and this lot is there.
Never purchased property from BK trustee and i am afraid after payment i can inherit some IRS a...

When your property is relatively inexpensive, say $200k, and you want cost segregation applied to it - is it worth it to hire a cost segregation firm and pay their fee? Before we explore this question, an important re...

Does anybody have a recommendation for a Solo 401k compliance company? I currently have a document sponsor, but not a compliance provider. Also, what is the yearly rate you are paying for your compliance? Thank you

IRS Released Notice 2020-23 which basically extended ...everything left that was due before 7/15...to 7/15. Additionally, It included some wording that referenced back to an IRS rev Proc 2018-58 which was released a f...

Hello all. I live in Texas and am a newbie in the real estate investment business.
I formed an LLC to put all the investment properties under. I have my first foreclosure under contract and close on it next week.

I ...