Robert Nunez
To File or Not to File, That is the Question
In the past 20 years it has become very evident to me that investors in their early careers handle evictions very differently then seasoned rental income investors.
A seasoned rental income investor in most c...
The biggest real estate tax deduction is coming back. That’s right—100% bonus depreciation is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some massive tax...
Allan Smith
File for Eviction? Expensive to file, if tenant ends up paying
This is an inherited tenant. Their rent is under market by $125 or so. They had trouble at the beginning paying on time, but slowly improved and always ended up paying the late fee.This month they sent a check that bo...
Jonathan Taylor Smith
Insurance - To file a claim or NOT to file a claim?
One of my rental properties suffered water damage and I'm wondering if I should file an insurance claim or just eat it...? I've never filed an insurance claim on a rental property, so I do not know what impact filing ...
Mike Nelson
IRS Penalty for late file on S corp, didt file extension
So I recieved a notice today for a $1560 fine for an LLC taxed as S corp that I started beginning of this year. I didnt file the extension, as the SCORP didnt make a dime ( im an idiot). I realized after it was too ...
William Lemmon
Tenant Filed For Cares Act Once Finding out Eviction was Filed??
Hey there! My brother and I purchased a property in Akron recently on March 18th, through a portfolio sale. For this single-family home, we found out right before closing that this tenant was a section 8 tenant, so ju...
Brandon Breaux
File Sharing for Videos
I'm a huge fan of dropbox for sharing folders, photos and files.. however I'm looking for a better way to share videos of homes. These files are massive for videos. Does anyone have any alternatives? Thanks!Brandon
Pooja Kapoor
Filing HOA tax return
Our 10 unit condo association ownership has recently bee passed on the homeowners and I am one of the trustees. My question is around filing the yearend taxes. So far, the accounting firm had been filing 1120 form, bu...
Jim Robertson
Texas HOA Tax Filing
I am the manager of a small (4 unit) HOA. Do I need to file an AP-206 franchise tax exemption every year with the State of Texas comptroller, or do I just need to file the 1120-H with the IRS? The previous property ma...
Chet Hileman
When filing your returns
As a lender one of the biggest mistakes I see on a weekly basis from my investors are tax returns that are simply to aggressive. What I mean by this is that everyone is hell bent on not paying any taxes and instead in...