Quote:
Originally Posted by Michael B
Bob,
The comment was not directed at you. My apologies if you misinterpreted my comment. You are absolutely correct in what you have said. I was commenting on the others that you have taken to task. We have been in agreement in several other threads that broach similar subjects. Tax law is your expertise and is not something I would comment on. My knowledge is property law.
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Thanks Michael,
I didn't think you were talking about or directing that at me, but wanted to apologize up front in case you were. LOL
I figure pretty much everybody on here is going to eventually have some type of tax impact from their collections. So I figure if I can assist and get everyone straight on how it is supposed to work and what they are supposed to do, they are better able to make a decision for themselves on how they want to handle things for tax purposes. I am not trying to tell people what to do, just give them better info to make their own decisions. Trust me, income and other taxes are a pain in the you-know-what. I do not know that much in reality, but do know when some research is needed, and usually where to go.
Property law is no easy area at all. Worked for a real estate developer/management company for 15 years and saw more leases and property deals than you can imagine. I tip my hat to you for your expertise.