All Forum Posts by: Maugno M.

@Bryan Devitt@Mark H.@ryanwebster@Josh C.@Frank Chin  @alan @josh 
@frank

I know I need to consult an accountant, but everyone has there own opinions. so that's why I wanted to hear from people who have actually done it. I haven't 1099 anyone since I started but want to start. THe contractors agreed to the 1099 but there is two of them who didn't. so I'm debating if I should send it in either way, since I don't have there SSN or TIN. Ive read on here to just put "refused" but I don't want to get audited because of this. 

I'm working on my taxes and getting together my list of contractors I used in 2019. I have never done 1099's but as an LLC, I feel if i want to grow and expand I need to start.

I called several of my contractors up and a couple of them refused. Saying jobs they have done for me they don't report.One of them said I should have told him prior to start of the job. 
I told them that i would send the 1099 to them either way... and would write "refused' under there SSN/TIN.
I'm not trying to be a prick, but either way its not like they charged me cheap, they still charged me several thousands….

My question is... should I still send in the 1099's writing "refused"under ssn or would that put me more in jeopardy of getting an IRS audit? or should I leave like that and not send 1099's?

Damn at 2200 per LLC. That is outrages. And the CPA I went to a couple years back I laughed at for wanting to charge me 500 per llc.
I'm still using Turbo Tax and doing my own taxes. I pay about 250 and that is because I pay for audit protection and to speak to a live Agent to review my return. 

I was going to start using a CPA that is on BP, but after the initial phone interview.. I was never able to get a response from her to clarify some things discussed... im the type of person that answers people quickly, don't know why some take forever to answer emails. Before I fork over the cash, I like to get things clear you know. And it wasn't a crazy amount either. If they happen to reach back out, i might consider using them.. but will prolly use Turbo Tax again,.

Why not just use it like the previous owner was and move on. Don't get no one involved... Just do it. 

@Jay Hinrichs Ok I think you answered my question about the title company. But the last couple closings I did last year (3) all required surveys to satisfy the Title companies.

@Femi Ibrahim so was no title company involved or what ? shouldn't the title company have caught some of these things? especially encroachment on the other property,. 

Dain … Im sure down here in Texas you can find a Multi Family for that price. 

@Dave Foster I have some land ( about 8 acres ) that I invested in buy adding mobiles home to it. I have 4 cash flowing mobile homes now. Im thinking about trying to sell all of it. I guess i'd be on the hook for capital gains if I sold ? Do you know how I can defer with the 1031 exchange or do you offer some type of consultancy ?

manage with onhand experience

@Jay Hinrichs @Wayne Brooks
You all have a point. MLS you can put anything on it. . .

I started a discussion earlier, maybe you all can give me your thoughts about getting licensed.