17 April 2015 | 2 replies
If you get audited, you would have to be able to demonstrate that you had the intent to buy and hold for investment and not buy, rehab and sell/flip.
6 May 2015 | 2 replies
Its my understanding some lenders actually audit their portfolios periodically to check for changes in the chain of title.2) How can I avoid cancellation of the title insurance coverage policy when using a quit claim deed?
1 January 2013 | 8 replies
This is a strong audit topic for the IRS.If you are having a management company handle the property, you are not going to be materially participating.From the IRS audit manual: A trade or businesses is a passive activity if the taxpayer does not materially participate.
22 November 2011 | 15 replies
I did an internal audit on this discount one year to track if the savings were worth the effort, we had a median savings of 43%, so yes, it was very worth it.
11 May 2016 | 15 replies
Asking for a full audit for raises over $500k will make it unworkable for real estate crowdfunding most likely unless there are accountants willing to sign up for a lot of risk for very little money.
6 April 2015 | 20 replies
You would have to be able to demonstrate your intent should you get audited.
7 October 2014 | 15 replies
There are some very good schools there.While I'm guessing these are audited courses without credit hours, students receive a certificate of completion.Too bad, I searched RE and nothing popped up.
2 March 2018 | 3 replies
It is our job to keep the documentation to in case IRS audits you.
14 March 2018 | 1 reply
Hi,Helping my father here.....He was a Hard Money Lender (private lender) and is now being audited by the IRS.