I just had the privilege of going through my first tax audit and fortunately came out with a no change. However, I wanted to take a second to remind any investors who are still gainfully employed, and self manage thei...

Hi everyone,I have a few questions around material participation for an STR:1) Activities that count: does anyone have a list of things we know for sure count (eg based on court cases?) Do home improvement activities ...

Hi all, I'm thinking about trying to take the home office deduction next year for tax returns, but am not sure if I would qualify. Can anyone tell me, is there a minimum amount of hours you need to use a room for busi...

I am looking for a local CPA who has experience in real estate. I prefer a local CPA in Houston, southeast Houston area. Please PM me. Thank you.

IRS will challenge the 750-hour requirement under §469(c)(7)(B)(ii).   The Temp Regs set forth the requirements to establish hours of participation §1.469-5T(f)(4):  "The extent of an individual's participation in an ...

This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...

To Fellow Investors,

At what point in your business did you or would you choose to add part or full-time staff instead of using independent contractors?

What position did you or would you hire first?

Thanks for you...

I have some questions about the material participation rules for the STR tax loophole. I would appreciate any insights.
1- In a partnership or LLC, can both partners benefit from this strategy if they invest in the s...

As I’m preparing my taxes on turbo tax again this year for my 10 SFRs, I was curious to hear what people’s experiences have been with the IRS on an audit. Chime in if you’ve ever had one for real estate investments an...

Hello Everyone,Having trouble locating some answers on this.  Answers on google seem to be a bit spotty.  My business partner and myself purchased a property in 2015 and its going to market in a few weeks.  We have se...