Is it possible to purchase property where primary use is office space and the downpayment is deducted as a business expense?
No, the down payment would need to be amortized over the life of the property. Your tax or real estate attorney can help!
Cherry Hill, NJ
Tax Lawyer at Cherry Hill, NJ
Practice Areas: Tax, Estate Planning ... +5 more
No, the down payment would need to be amortized over the life of the property. Your tax or real estate attorney can help!
If it is the same type of business, it may be okay to keep the same LLC. Usually, I recommend to my clients that we form a new LLC for a separate...
First, I suggest that you speak with a marriage counselor. If you and your husband cannot work out this small matter, something is...
This sounds like a test question. If it is real, contact a tax attorney.
No. You should hire a Puerto RIcan Real Estate attorney to handle the matter. It can all be done by email and FedEx. Good luck! Ron Cappuccio
You need a lawyer right away. The answer solely depends upon how the documents you signed were drafted. This sounds "tricky" at best, but may be...
The name of your LLC is the name for the registration. You will also have to present your credentials. There is no fictitious name...
You can take the business expense as long as you have documentation. Your CPA or Tax Preparer will help you with this. Best, Ron Cappuccio
Do you mean income tax or inheritance tax? If you own the property at death, there will be a stepped up basis and no income tax on sale. There may...
If your business is on a cash basis, your report the income when received. If it is on an accruaral basis, it would be reported when earned....