I just started my llc October of this year through the state of texas. if I don't receive any funds this year or do a deal this year do I have to file taxes? ive spent money on starting the company and filing and mark...
What % should I be setting aside for Federal Taxes on a flip that takes 4-5 weeks? This would be our first rehab and we may do one or two more this year. Does that fall into the "investment" category with a lower ta...
A property just sold at auction that has a 60K federal tax lien. I have been to the IRS website and I am familiar with the 120 day timeline for the IRS to redeem the property.
Has anybody ever successfully purchased...
Hello Biggerpockets! I am currently looking into purchasing a 6 unit multifamily in upstate, NY and I just wanted to see how the taxation works if anyone could help me out and let me know what the percentages are? Tha...
Hello I would like to know if anyone has filed for a Release of Lien using the 10 year statue of limitations and if so how long does it take to file
In a mortgage foreclosure, if the owner being foreclosed on has federal tax liens filed against him, will the property remain subject to all or a portion of the federal tax liens once a foreclosure sale is completed?M...
In a mortgage foreclosure, if the owner being foreclosed on has federal tax liens filed against him, will the property remain subject to all or a portion of the federal tax liens once a foreclosure sale is completed?
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Hey BP Nation,
This might be stale news to some, but I just wanted to share a few tax changes I have been sharing with my clients and thought was interesting. As the title reveals, they are Federal changes with one ...
What is the tax rate -income tax- for renting property? Is there a State and Federal income tax? I know some states don't charge income tax on rentals, but you still have to pay the Federal income tax?Can you get a be...
I'm looking to purchase a re performing note on a SFR in Florida. O&E shows federal tax liens on husband/borrower for over $170K. The BPO value on the property is around $60K. There are no other liens on the prop...