Sean O'Keefe
EXPLAINED: Late filing penalty relief (or relief for other types of penalties)
Late filing penalties, late payment, and underpayment penalties are the most common for taxpayers.
We have a lot of last-minute filers reaching out for help. Unfortunately, we don't have any more bandwidth to take on...
Natalie Smith
K-1 forms from iFunding
Anyone have any success getting K-1 forms from iFunding this year?I haven't received any communication from them and hoped someone else had.Thanks.--Natalie
Jesse Os
Requesting Seller's / Landlord's Tax Return
Hello BP. I was wondering if others commonly request the seller / landlord's tax returns when buy a rental property. if so what is the common practice for this. would it have to go through an attorney to scrub the per...
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 ...
Michelle Fenn
CARES act Rental Assistance
I have now processed 3 Cares rental assistance claims for unpaid rent. The first claim reimbursed the landlord for 3 months of back rent and late fees. This week I have received the paperwork for the second round ...
Christopher Mikle
Single business LLC or per property?
Hey everyone. Wondering what the general consensus is on how to structure LLC’s for investment properties. Do most people have an LLC that covers all of their properties or do you do a separate one for each property? ...
Adrian Akerman
Returning 1/2 of security deposit at lease renewal
I have two approved applicants for my property and i have required a double security deposit (two month's rent, totaling $3,800.00) due to lack of rental history and one of them having some delinquent credit history. ...
Sean Pat
OOS landlord - need advice on tenant issues
Hey Everyone,My cousin just told me about this blog and I am hoping someone can help or advice for my situation.I am relatively inexperienced landlord. I wanted to start small and gain some experience, so I purchased ...
Jason Lipe
In search of real estate CPA
Does anyone have advice on how to find a good real estate CPA? I’m in the Vancouver Wa if you know someone personally in the area. I formed a LLC with my partner last year and we have a few houses now. This year was a...
Susan H.
Lease language re erentpayment.com account
I'm editing my lease document to reflect my (planned) use of erentpayment.com for rent payments. (Mine is currently full of the old bank account info for direct deposit/mailing.) If you're collecting rent via erentpay...