In case of Tax Investigations
It’s rare that individual owners whose real estate investing business is not quite big gets tax investigation.
Even there is a few chance, everyone could be investigated. If this happens, here are some ways to go.
Is salary appropriate?
Is expense appropriate?
Is where money coming out of legit?
Make sure to prepare all the tax related documents and other paperwork so that you can turn them in when they ask for them. If you lose important documents or are unable to show, your impression to them would be bad and they may think you are not responsible and cooperative. It’s important to get everything ready and try not to get nitpicked.
- List of Tax when selling a real estate
- List of Tax when owning a real estate
- List of Tax needed when purchasing a property
- Difference between tax saving and tax evasion
- Reason why the purpose of real estate investment only for tax saving is bad for you
- Tax Saving by Using a Corporation
- In case of Tax Investigations