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  1. CareCPA

    Supreme Court: Online shoppers can be forced to pay sales tax

    TAXES | REGS FEATURED! 
    Exactly. And the worst part: this is one state's threshold. It could be different for literally every state.
  2. CareCPA

    Supreme Court: Online shoppers can be forced to pay sales tax

    TAXES | REGS FEATURED! 
    But this does not mean you have a filing requirement for income tax. Public Law 86-272 still allows you to "Solicit sales of tangible personal property (directly or indirectly)" without creating an income tax filing requirement. ETA: I do agree with your other points, although the term "level...
  3. CareCPA

    Supreme Court: Online shoppers can be forced to pay sales tax

    TAXES | REGS FEATURED! 
    So I've read through the court opinion, although not all the concurring and dissenting opinions. Some thoughts: Everyone knew that getting individuals to comply with Use Tax reporting requirements was never going to happen - it's way more efficient to have sellers collect and remit. How many of...
  4. CareCPA

    Supreme Court: Online shoppers can be forced to pay sales tax

    TAXES | REGS FEATURED! 
    Doesn't TaxJar already do this?
  5. CareCPA

    How can someone with no cash start a real estate empire?

    HOT! REAL ESTATE 
    The disconnect is that you're thinking about it as one transaction: trading your property for his. It doesn't have to be this way. You can sell your $800,000 property to person A, hold the funds at a qualified intermediary, and buy a $1m property from person B. Yes, the additional funds will...
  6. CareCPA

    I don’t care about your lead generation

    RANT 
    Sorry Scot, didn't mean to derail your rant. It comes and goes, I didn't know if it had to do with the forum transition MJ keeps talking about. Attached an example.
  7. CareCPA

    How can someone with no cash start a real estate empire?

    HOT! REAL ESTATE 
    The guy you are acquiring property from may not be doing a 1031 exchange. You don't have to buy and sell from the same person. It may just be a person looking to liquidate some holdings. Whether or not they recognize gain will be dependent on their basis vs sale price Correct. A loan is not...
  8. CareCPA

    How can someone with no cash start a real estate empire?

    HOT! REAL ESTATE 
    That is generally correct. Keep in mind, as you move up the scale (while still alive), you won't get full depreciation on each successive property. For example, if you 1031 a partially-depreciated $500,000 building into a $1m building, your basis for depreciation on the new building...
  9. CareCPA

    I don’t care about your lead generation

    RANT 
    You guys are killing me. Even in a "RANT" I get usable advice. Looks like I'll be updating my website in the near future. It also looks like I'll be the Oprah of rep points this afternoon (*you* get some rep, *you* get some rep, everybody gets some rep!!). Also, @MJ DeMarco, completely off...
  10. CareCPA

    How can someone with no cash start a real estate empire?

    HOT! REAL ESTATE 
    As long as the full asset value is included in the estate, yes. As a general disclaimer, there may be items specific to your situation, so you should seek tax advice from someone who has full knowledge of your specific situation before making and decisions.
  11. CareCPA

    How can someone with no cash start a real estate empire?

    HOT! REAL ESTATE 
    Generally, yes. It would essentially reset that basis, and could then be depreciated over again (and would have a higher basis when you sell). Be careful using the term "all taxes." This is for income tax only. Estate taxes are a different subject.
  12. CareCPA

    I don’t care about your lead generation

    RANT 
    Yea, I know it's understandable and acceptable, but that doesn't keep me from spending way too much time figuring out how to charge people. I want to standardize for myself as much as them. But yes, definitely on the postcards. Even if it's tiered pricing based on volume, they should be able to...
  13. CareCPA

    I don’t care about your lead generation

    RANT 
    I struggle with this. As a purchaser, when I go to website, I want to see the price. As a professional, I can't figure out how to standardize my prices to publish on my own website.
  14. CareCPA

    Do you eat what you kill?

    It's taxed the same as wages. There are different methods of withholding tax for commissions, but it all washes out at the end of the year when you file.
  15. CareCPA

    Do you eat what you kill?

    How do you know, objectively? Everyone putting up numbers thinks their's is the best. Again, how do you objectively know? Just saying you have the best because it's better than other places you've worked does not make it the best. If you're running into issues with retaining sales people, then...
  16. CareCPA

    Ready to take your business to the next level? I'll coach you.

    MARKETPLACE 
    I'm in. For $197, I can't afford not to join.
  17. CareCPA

    Living Unscripted - Handling millions harder than making them?

    HOT! INVESTING 
    Ah, gotcha. Here are some thoughts, in no particular order: Stock market gains are averages. It's very easy to beat 5% over the long run (or at least has been historically). To get a guaranteed 4-5% per year is more difficult. There are bonds that pay this amount. Banks do not invest in the...
  18. CareCPA

    Living Unscripted - Handling millions harder than making them?

    HOT! INVESTING 
    I just checked, you had the same question a year ago. What steps have you taken since then with all the advice that was given?
  19. CareCPA

    Living Unscripted - Handling millions harder than making them?

    HOT! INVESTING 
    If I remember correctly (from the little studying I have done for an adviser designation), this is considered unethical as it can lead to investments that are not in the best interest of the client. If you just want 4% returns every year, consider looking into annuities. I'm sure quite a few...
  20. CareCPA

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    It's probably about time I post here before @MJ DeMarco kicks me out. The writing wasn't quite my style, but I understand the demographic that was being targeted. It's effective, to the point, and hopefully continues to shake up the way people think.

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