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Results (5,759+)
Prasad J. DIY Cost segregation options for a 12 unit apartment
14 February 2024 | 8 replies
Any other cost seg software recommendations which doesnt cost thousands of dollars and provide audit guarantees? 
David Lopez My Cpa Retired in 2021 and i am doing my own taxes
16 February 2024 | 16 replies
I pay the extra 80 bucks or whatever it is for audit representation if it ever happens.
Joel Scarboro Nonpro Cost Seg?
4 March 2024 | 13 replies
Just make sure it's a reputable company and that their documentation will hold up in the event of an audit
Corben Briggs Claiming residency on a 2nd home
29 February 2024 | 7 replies
Keep in mind if you do get audited, your receipts from grocery stores, local entertainment, etc could substantiate your claim.
Hannah Potter When to hire a CPA?
19 April 2024 | 15 replies
This cost is often justified by the value added through their expert advice, ensuring compliance, optimizing your tax return, and potentially saving you from costly mistakes.Audit Support: Another significant advantage of a CPA is their ability to represent you in the event of an IRS audit.
Danielle M. How do you do your accounting?
8 January 2024 | 12 replies
The accountant said my business (real estate)and the number of properties I have is just growing too fast to be handled in the fashion I was and to protect myself in the potential case of an audit I needed to take that step going forward.
Account Closed Keeping Your Real Estate Pro Status Intact: A Quick Guide
2 January 2024 | 0 replies
Be prepared for a time commitment.IRS Scrutiny and Audits: Brace yourself; the IRS might start paying more attention to you.
Jack Stalnaker Is it possible to get a tax break when buying my first rental property?
4 February 2024 | 3 replies
You don't want to make a big mistake and have to unwind it years later or worse face an audit.
Soroush Akbarzadeh Cost segregation for STR with a business partner (50/50) - material participation
7 February 2024 | 7 replies
- assuming 500hrs each, we have spent enough time this year to get to that but wondering if thats a red flag for IRS with high chance of getting audited (we travelled 7 times over the past year to work on the unit and spend at least a week each time excluding the time we spent managing the guests)- Lastly, our understanding is that each can take 50% of the final offset to our W2 assuming we prove material participation eligibility. 
Jason Sung Tax return cost: CPA vs Turbo Tax
24 January 2024 | 13 replies
I pay a little extra for audit defense in case I’m ever audited.