
10 March 2023 | 4 replies
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.

6 June 2012 | 28 replies
At a minimum, they will require a bona fide arms' length agreement to purchase.
15 February 2023 | 16 replies
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.
27 February 2023 | 11 replies
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.

31 October 2021 | 6 replies
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

20 January 2019 | 8 replies
A bona fide hardship is required to get a deal approved, so make sure they qualify for one.

18 April 2023 | 5 replies
The default rate increases exponentially the less a borrower injects into the deal and when you couple that with the property being non-owner-occupied, I don't know of a bona fide lender anywhere that would do that.

1 October 2018 | 14 replies
A bona fide landlord's association with actual members and meetings is a better bet.

20 April 2019 | 7 replies
Developing and selling them a year or two after acquiring them counts against you.If you have a bona fide change of strategy and intend to hold them indefinitely as rentals, that is another story.

18 September 2017 | 9 replies
The active participation standard can be satisfied without regular, continuous, and substantial involvement in an activity; the standard is satisfied if the taxpayer participates in a significant and bona fide sense in making management decisions (such as approving new tenants, deciding on rental terms, approving capital expenditures) or arranging for others to provide services such as repairs.An IRS training manual states:As long as a taxpayer participates in management decisions in a bona fide sense, he actively participated in the real estate rental activity.