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Showing content with the highest reputation on 01/15/2018 in all areas

  1. I do this, too. If they decide to take over another unit as personal use, it's already split as well. But mainly for the assets. And for the fees. I do love money. LOL
    3 points
  2. I've tried a few in the past and none were useful. And don't listen while commuting. You'll fall asleep and run off the road!
    2 points
  3. Notice the footnote. 'Subject to interpretation by IRS. Be sure to consult your tax professional.' Ha. We are the tax professionals.
    2 points
  4. I agree, you can do it. Change of depreciation is the easiest part of the 3115. Just follow the instructions as they are fairly straight forward.
    2 points
  5. Eric Greene does podcasts for a couple of different organizations: https://taxrepllc.com/category/podcasts/
    1 point
  6. Lisa Ihm. Was $20 when I bought it. Brass Tax: http://brasstax.com/3115 Booklet.htm
    1 point
  7. If the 1099 is part nominee, just back out the nominee part as an expense to avoid matching errors.
    1 point
  8. I find it easier just to split the assets with different rates.
    1 point
  9. Missed depreciation is an automatic change. All you have to do is fill out Parts I, II, IV, and Sch E. It's not that complicated. You can do it!
    1 point
  10. Ordered. Thanks to all.
    1 point
  11. PLC stands for "price loss coverage", a government program payment. CRP is a payment received for putting the land into grass.
    1 point
  12. I'm glad someone smarter than me can read the new law. I read the meals part 3x and the only thing I got out of it was a headache!
    1 point
  13. Well this is true, and a good reason for me to get it done. BTW, The Wizard of Oz is one of my favorite movies. I played the Scarecrow in 4th grade, no brains then, working on them now.
    1 point
  14. I did my first 1040 today! My son just has one W2 and is always anxious to get his refund. Wasn't thrilled that efiling doesn't open for another 2+ weeks.
    1 point
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