Account ClosedNo, UBIT does not apply.Yes, the individual who used his 401k funds to invest in his own business can draw a fair salary as one of the main reasons of using the ROBS 401k arrangement is to finance your own business and you are required to be a bona fide W-2 employee.

That's why it is important to have the house inspected by a bona fide inspectors.

If this is a bona fide paying tenant and I am again assuming this is a rental dominated neighborhood with all that comes with it in these areas then as I said it would be absolutely stupid for the seller to kick out a paying tenant for all the reasons you suggest.

In theory you could go into their unit and take/damage their stuff, but legally you can't go into their unit whenever you like (you've sold the right of entry/possession in exchange for rent) and in most states you have to provide advance notice except for a bona fide emergency.

And good luck reversing the next transaction... if it's with a bona fide purchaser for value (often thru a different title company, so no notice unless suit/lis pendens has been filed) you are SOL. 

Equipment Lien means any security interest, financing lease, personal property lien, conditional sales agreement, chattel mortgage, security agreement, title retention arrangementor any similar arrangement (including any related financing statement) for Tenant’s acquisition or leasing of any Financed FF&E used in the Premises that is leased, purchased under conditional sale or installment sale arrangements, encumbered by a security interest, or used under a license, provided thateach Equipment Lien encumbers or otherwise relates only to the Financed FF&E for which such secured party provides bona fide purchase-money financing or a bona fide equipment lease, after the Commencement Date.

At a minimum, they will require a bona fide arms' length agreement to purchase.

Hi, I am from the UK and I am assisting my daughter, Jessica who has a property in Rochester, NY that she rents out.We are desperately looking for some advice and direction in finding a bona fide property management company in Rochester.

The rule remains 2 out of 5.Second, it is possible to sell to an S-corp or C-corp if it is structured as a bona fide sale - i.e. the same as it would be with an unrelated party.Third, you do not need a salary if your S-corp simply holds a rental property.

I am no accountant, but the general rule of thumb for deductible travel is:1 - You’re “traveling” when you’re away overnight or long enough to need sleep.2 - “Business days” are those you spend traveling to business destinations, days where you spend the majority of working hours on your trade or business (four hours and one minute), and days where your personal presence is required at a particular place for a specific and bona fide business purpose.3 - “Business day” costs include 50% of meals plus 100% of lodging, local transportation, incidentals, and your first load of laundry and dry cleaning back home.4 - If your spouse is a bona fide employee, traveling for a bona fide business purpose, you can deduct their costs.5 - Save receipts for all lodging and for any expense over $75.6- Transportation costs include cars, planes, trains, and boats