6 March 2025 | 39 replies
This is a substance of the transaction vs. structure issue.
3 March 2025 | 7 replies
But.....There is simply not enough information in this scenario to offer you anything of substance.
27 February 2025 | 6 replies
We have a cleaning crew willing to discuss ideas about cleaning the hot tub after each stay, but she cannot do anything with chemicals due to insurance coverage and she is likely not able to stay long enough for the hot tub to be drained as it takes awhile.
25 February 2025 | 7 replies
In the end, it cancels out any benefit.Loss of Key Homeowner BenefitsIf you sell your home to an LLC or S-Corp, you’ll lose:$250k/$500k capital gains exclusion on selling a primary residence.Homestead exemption on property taxes.Owner-occupied insurance rates, which are cheaper than rental insurance.Substance Over FormIn tax law, the IRS looks at the substance of a transaction, not just the form.
6 March 2025 | 2057 replies
Depending on your strategy and goals, maybe this structure can help you.It sounds to me like there would be no economic substance in paying yourself rent other than to lower your tax bill.
10 February 2025 | 1 reply
Always vet the substance behind what’s being offered.
6 February 2025 | 7 replies
We used to hire a company to balance the chemicals and my costs were almost 2K per month.
11 February 2025 | 1681 replies
Following are what I see as patterns emerging from the podcasting space & some things to watch out for:How much true substance is provided on air?
8 February 2025 | 49 replies
And, being 23, raised in this world, I really don't care about substance, I care about making that $ yo!
4 February 2025 | 13 replies
Keep in mind that pool maintenance and chemicals will set you back several hundred a month, plus higher insurance, utilities etc.