[…] The IRS does not let you file these forms via their website. Don’t ask me why. The IRS offers a list of approved 3rd party providers that do allow you to e-File, but there’s a cost. The cheapest ($10) option for the corporate extension […]
[…] Pre-pay 2017 property taxes on your personal residence. This is not an absolute rule, but it should be a wise move for most people, not just investors. Because of the new law, you may lose the tax benefit of property taxes on your homestead. So make sure the bill is paid in 2017 […]
[…] I’m not too alarmed. First, this change (IF implemented) will only affect companies that are designated as “a trade or business.” This term has been often used in the current tax law – but never defined! It led to numerous lawsuits against the IRS, with inconsistent results. Basically, it’s grey area […]
[…] Even if there is no assessed tax, there is still trouble. When the state forfeits your rights to do business in Texas, your LLC will not be able to close any real estate transactions, and your bank may freeze your account. You do not want to learn about this on the day of closing, believe me […]
[…] Unless your numbers are out of the ordinary in some way, the odds of being audited are pretty low. Reducing an already low risk to an even lower risk would be a good idea – if it did not involve more work and more cost […]
[…] If you do have a corporation with a valid extension, then you must file at once. Otherwise, you’ll be hit with horrible penalties. For a C-corporation, it is more than […]
