It genuinely makes me sick to my stomach to have to tell a new client that their previous preparer's advice to put all their rental property in an S-Corp was a bad idea, because now we need to amend their personal returns to treat the income as passive because S-Corp income doesn't automagically become nonpassive (honestly, why do those concepts always go together?).

A casual text message can sometimes be evidence of an agreement, but it does not automatically amend a lease, especially if the lease contains a clause requiring written, signed modifications.A few practical points:The lease you received is the governing documentThat is what transferred with the property.

Verbal assurances are not protection“They’ll keep paying until funding is decided” is well-intentioned, but without a written amendment or extension, you’re exposed.

Through a lookback study, you can catch up missed depreciation in one year without amending prior returns.

That conflict caused a significant delay and required an amendment to the previously approved zoning approvals.

Initially collecting taxes on property, alcohol, and other items. 1913 The 16th Amendment is ratified, permanently authorizing Congress to levy an income tax, leading to the Bureau of Internal Revenue (BIR).Pre-1921: Informal property bartering, similar to exchanging livestock for better livestock, formed the concept of "like-kind" trades, with "boot" (cash/extra items) being taxable.1921 (Revenue Act): The first formal tax code provision allowed deferral for both like-kind and non-like-kind exchanges, laying the foundation.1924 (Revenue Act): The provision was narrowed to only include like-kind exchanges, removing non-like-kind trades.1935: The Board of Tax Appeals approved the first modern tax-deferred exchange using a Qualified Intermediary (QI), allowing cash from a sale to be held by a third party for reinvestment.1953: The IRS is officially renamed the Internal Revenue Service (IRS), following a reorganization, and became responsible for the modern income tax.

Naturally, a means of amending the JV needs to be included and the JV needs to be treated like a business with regular, *short*, meetings (keep them short).

I may not have completely got my thoughts to paper (or screen, as it were) last night but that wouldn't be unusual :P , so to add to or possibly amend some of my post:1.

Although federal courts have previously held that suspicionless searches of rental properties are permissible under the Fourth Amendment, the Commonwealth Court held that the Pennsylvania Constitution is more protective of privacy and property rights than the U.S.

When a city rezones (map amendment) an area it is done through a text amendment and requires a public hearing.