Michael Filipidis
Sales and Use Tax Returns
Hey guys! My first post and I need some help! I have a LLC in NC with my partner and we are wondering will need to file Sales Tax and Use Tax in the state of NC every month? Thank you!
Albert Tsang
Turbotax tax return submission delays?
Just wondering if fellow RE landlords are having delays with Turbotax when e-filing your tax returns. I submitted mine early February and it remains in 'Pending' status since then. The IRS has not even indicated 'Ac...
Tyler Derickson
Lender requesting future tax returns
I'm in the process of negotiating through a loan and the lender is requesting us to provide all FUTURE tax returns for the entity purchasing the building, all personal returns for investors associated with the buildin...
Luc M.
Return in Tax Lien Certificates
So, let's say you have an amount of money sufficient that you can buy a nice diversified portfolio of tax liens in a handful of states (live and online bidding Counties). What do you think the return potential would ...
Chris A
Seller doctored tax returns - Any possible tax liens?
We are under contract to purchase an apartment building. The seller has been doctoring his books for the past several years. Essentially he has been collecting rent in cash and then not reporting it on his corporate...
Nate Tew
Tax Return Came Back- Great Return,Terrible News on Loan Approval
Hello all, Story: I am seeking some advise on a personal challenge I have just run into with getting approved for a loan for a primary residence. We own 2 investments properties and they are in our LLC that was formed...
Cooper B.
Amending old tax return on rental property. Tax benefits?
About 2.5 years ago I purchased my first home and took advantage of the first time home buyer tax credit. The terms of the tax credit required that I live in the house as my primary residence for a period of 3 years....
Elliott Milek
Filing and Charging Sales Taxes re Lodging Tax Returns
Hi guys - anybody have any experiences from a state or municipality requesting a lodging tax return to be filed? It's primarily used for more transient type rentals (airbnb etc), but how many people have experience co...
Brenda Williamson
SDIRA LLC Late tax return penalty
So, I filed my SDIRA's LLC 1065 late and received a notification of penalty. A couple of questions: Should I just pay or is there some benefit to requesting abatement? Any particular line of reasoning in such a reque...
Account Closed
Writing off expenses in tax return
Hello,I have a friend who bought his first duplex and did some bathroom reno. The reno job was done by my referral and the cost is very friendly - like under 5K in Boston. He claimed that he will file the renovation c...