Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Results (5,754+)
David Roberts Brrrr, Househacking, and taxes Oh my
1 June 2017 | 5 replies
I think that's going to be a tough sell to the IRS at audit.As for documentation - I've not yet represented anyone at audit where the IRS questioned the date placed in service.
Joseph Murders Mortgage Loan Originator Recomendations
17 May 2014 | 3 replies
So, you really need to do your due diligence in finding a mortgage broker/RMLO.Get references, then see if those references have any relationship with the LO,Look to their last state audit and compliance exam, if they never had a compliance exam, move on.Do they have the net worth to buy, at par, any loan they do that is non-compliant?
Eric S. Hi. Seeking advice on where/how to grow my portfolio
30 July 2015 | 9 replies
I was always impartial to having them.
Josh T. Idaho "Dealer in Options" Law
25 January 2016 | 18 replies
Then, when you get audited you find out that the problem is an underlying matter that you failed to disclose (not knowing) when you got assistance and the IRS has no liability in giving you that assistance.
Jordan Moorhead LLC Operating Agreement Template?
26 May 2021 | 17 replies
Not having your Operating Agreement done correctly could be disastrous if ever sued or audited.
Michael Plaks EXPLAINED: how much can a real estate CPA save me?
25 January 2023 | 8 replies
This is what we do deliver:- tax return that is compliant with the IRS requirements- tax return that includes all your income and all your legitimate expenses- tax return that presents your business in the most beneficial way- tax return that minimizes your IRS audit exposure (FYI: nobody can make a tax return completely "audit-proof")And, if your taxes are lower as a result, it's the icing on the cake.
Anirudh G. Investing through LLC or individual ?
23 September 2013 | 7 replies
They are $300 a year (at least in my state) and he also noted that you are more likely to be audited.
Ken Wang Newbie in Washington DC, Baltimore MD area
26 February 2017 | 26 replies
May I ask the info for next Auditing such as time and location?
Thomas Larsen Claiming exempt on W4 job to save
3 June 2020 | 8 replies
So, I just really don't see any reason to fear the IRS in this case, unless you are afraid of an audit
Jeffrey Mcintyre Commercial Property Depreciation
6 November 2018 | 7 replies
Stick that information in your tax records so that if you are ever audited (or asked) why you did what you did, you have information in your file to defend your numbers.