We have been contacted by a priest who is working with a family that is in desperate need of a place to live. If we give them a huge reduction in rent from the amount we would charge, is that tax deductible as a chari...

I've tried researching this without luck.  Seller plans to donate most if not all of the sale proceeds to a particular charity.  Can buyer and/or someone on buyer's behalf agree to make a donation to same charity as p...

I need assistant or advise on the feasibility of one of my crazy ideas. Or what seems crazy to me.
Is it legal to create a 501c3 organization to buy investment properties and rent them out at fair market value?
Ess...

Any CPAs out there?  I'm under contract on a house in the Florida Panhandle.  As part of the deal, we, the buyers, are making a charitable contribution to the the 503c of the seller's choice.  Would this contribution ...

Hello BP Community,I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before...

I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...

Hello, Currently my business owns a piece of property that is paid for and has a corporation tied to it. We have a buyer for the property and now it has been discovered that the corporation paperwork was submitted to ...

How many BPers were able to make money moves in 2018, and stay itemized with the new tax laws and higher standard deductions going into effect?What were your big moves of 2018 which made sure it would happen?

First off, I know this is a very specific question to my circumstances and I already have an appointment with a CPA to ask this and many other questions but I wanted to get a feel from anyone in the BP community who m...

Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of personal itemized (Schedule A) deductio...