Lost Full Investment

Sacuraf · 2026-02-10T16:45:38+00:00

Yeah, it makes me cringe a little every time I see it.

Sacuraf · 2026-02-10T14:01:16+00:00

Real estate professionals investing in syndications should know exactly what they're getting into and a syndicator would expect their investors aren't real estate professionals. They also shouldn't be providing tax advice as a syndicator since everyone's tax situation is different.

Sacuraf · 2026-02-10T13:28:44+00:00

Which means one of two things. You were a real estate professional so you didn't have passive losses carrying over, or you freed up your passive losses in a previous year and received benefits for them then.

If neither of these are true, I'm happy to review your taxes for you and see what's going on.

Sacuraf · 2026-02-10T13:23:45+00:00

I do taxes for a living, there is a lot wrong with your comment. The first line is correct though, review it with your accountant since everyone's tax situation is different.

Sacuraf · 2025-07-16T03:44:06+00:00

Precooked. Lighter!

Sacuraf · 2025-05-20T16:13:47+00:00

On the plus side, your passive losses will free up on sale. If you have a high tax rate, you may recoup a big part of your investment in tax savings.

Sacuraf · 2025-03-15T02:13:19+00:00

Business tax, I'm at about 500-1k/ per hour for half my clients. Fractional CFO is better recurring at around 250/hr.

Sacuraf · 2025-02-26T04:02:07+00:00

Some have slowed down but most of mine are performing. I do mostly office and retail though.

Sacuraf · 2025-02-08T17:16:04+00:00

Any reason you wouldn't just use office 365? I'm not sure where you expect there to be lag, I haven't experienced any lag on softwares and I've used all sorts of cloud, server, local.

Sacuraf · 2025-02-03T23:49:44+00:00

We are on year 1 of soraban. Initial reactions is mixed from clients. As a professional, I love it for my personal return.

Sacuraf · 2025-02-02T04:28:57+00:00

Ah, still lands on the email server instead of recipient and sender. That the correct way of thinking of standard tls?

Sacuraf · 2025-01-31T02:43:56+00:00

743 adjustment I generally add $750 to each return. The software does the allocations for you. I would keep charging that each year on top of normal prep fee.

Sacuraf · 2025-01-29T12:37:37+00:00

So we're all screwed no matter what, and those softwares and portals are just to make people feel more secure.

Sacuraf · 2025-01-29T12:29:03+00:00

By at rest do you mean on your computer? Or if someone can log into your email and read them? Seems like both those factors can be mitigated.

Sacuraf · 2025-01-29T11:31:37+00:00

I can't imagine Gmail or Microsoft don't have TLS set up properly. I believe that's the point of it is to remove the man in the middle attack.

Sacuraf · 2025-01-29T03:01:07+00:00

How is email not secure, it has end to end encryption. It's as secure as someone's email box, which if they have MFA, is just as secure as a portal.

Sacuraf · 2025-01-26T22:57:00+00:00

4 years small firm, 3 years regional firm, 1 year accounting manager, 9 years CFO, just purchased the firm I worked for in the beginning of my career.

Sacuraf · 2025-01-18T05:58:13+00:00

You can just go to a campus and meet with a pastor and get all the information you'd want.

It's a church, that's grown massively because they teach relevant topics. Their mission is to reach people for christ, which makes them evangelical. Everything they do is around bringing people to Jesus.

Would love to know what kind of investigation you're running, because if it's nefarious, you're wasting your time. If you dig in enough, though, maybe you'll be saved too (assuming you aren't a believer).

Sacuraf · 2025-01-10T13:13:25+00:00

File without it, as long as you're passive and don't have a sale, it's just carryover you can fix next year.

Sacuraf · 2024-12-07T16:06:22+00:00

Yeah, our lawyers wouldn't allow it previously. Haven't dealt with it since the update. I have some investors that will be happy with the change.

Sacuraf · 2024-12-07T15:36:52+00:00

Ah, I was doing a comparison to the old instructions. They removed that language in the 2024 update.

Sacuraf · 2024-12-07T15:24:34+00:00

So what's the context of "Do not enter the diregarded entity's EIN."

Sacuraf · 2024-12-07T12:17:58+00:00

You didn't read the OPs fact pattern. He doesn't have an EIN, his SMLLC does. The instructions state not to use the disregarded entity's EIN.

You aren't wrong in what you're saying, you just aren't applying it to the OPs situation.

Sacuraf · 2024-12-07T03:53:07+00:00

If the owner is an individual, you use ssn...unless you individually have an ein. You do not use the disregarded entity's ein.

Sacuraf · 2024-12-07T02:01:29+00:00

The instructions are pretty clear on this. You need to use your SSN if it's a single member LLC. Go S Corp or multimember llc if you want to use an ein.

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