Recent content by enricosuave

What is the name of your state? CALIF My brother-in-law is a mechanic. His boss has him fix up cars that the boss purchases at auctions and then re-sells them, but only pays my brother-in-law dirt cheap wages. I have the money and my brother-in-law has the mechanical knowledge so we've...

What is the name of your state? CA A friend of mine does alterations and sewing for friends and is thinking of starting to charge to see if she can get enough clients to make a go at starting a business. I've heard of people who make wood crafts as a hobby but can sell up to a certain amount...

What is the name of your state? CALIF About three years ago my wife had severe muscle pains due to nerves/stress and was prescribed chiropractic massage twice weekly by a chiropractor in town. She did this for about four months and it was billed to our insurance company. Then the insurance...

What is the name of your state? CALIF Long story short.. I reported my boss to my Director for knowingly violating FDA regulations in a medical device company. I took it to HR, but they heard from his buddies that I was a "liar" and on a "witch-hunt" and dropped the matter. The data I...

What is the name of your state? CALIF. Last year my wife and I purchased a property from a desperate seller who agreed to help us make the purchase by setting up a junior-lien Note for $23,000 at Zero interest. (It got them out of a bind and got us a great deal.) Now they are in desperate...

What is the name of your state? CA I am paying on several units which have both Principal and Interest payments each month. Usually I've only been deducting the Interest Paid on the loans. Is the Principal part of the payment also deductible as an Expense to do business?

What is the name of your state? CA I am paying on several units have both Principal and Interest payments each month. Usually I've only been deducting the Interest Paid on the loans. Is the Principal part of the payment also deductible as an Expense to do business?

What is the name of your state? CA I have a real estate investment LLC and at times would like to just hire high-school kids or general day laborers to do yard cleaning, trash-hauling that sort of thing. But since they aren't able to give me a business receipt and usually work for cash, how do...

What is the name of your state? CA My wife and I have an LLC (Limited Liability Company) and this is our first year. During the year we'll be paying business expenses from a separate, business account and keeping track of applicable biz expenses. Next tax year, do we simply add gross business...

What is the name of your state? CA My wife and I have an LLC (Limited Liability Company) and this is our first year. During the year we'll be paying business expenses from a separate, business account and keeping track of applicable biz expenses. Next tax year, do we simply add gross...

What is the name of your state? CALIF In California, if I purchase a property at a tax lien auction.. how long do I have to wait for the original owner to be able to redeem it? Or to phrase it another way.. how soon can I take full title to it in order to resell it? Also, in the meanwhile...

What is the name of your state? CALIF I own two investment properties and want to use equity from those to purchase more investment homes for re-sale later. I had figured on doing a simple 2nd mortgage or equity loan.. but was then briefly told about a 1031 to get financing. Is a 1031 a...

What is the name of your state?What is the name of your state? CALIF A friend of mine is going to file Chapter 13 and lives in a small trailer. She is worried that the court or creditors will force her to sell her trailer (which is her primary residence). She's looking about about $45,000...

What is the name of your state? CALIFORNIA My son got a ticket, at his school, for pulling forward into the next parking spot so, when he left, he could simply drive out. (Normally, you could do the same thing by simply backing into a parking spot.) I'm almost sure I remember on the DMV...

What is the name of your state? CALIFORNIA My three sons now live with me (Father) and the Mother has moved to Arizona with her husband and baby from their marriage. She does not work (by choice) and her husband just now decided, after 11 years, that maybe he should finally hold down a job...