Search results

I didn't realize my first post was cut off. The last part was supposed to say that he remodeled his kitchen and labeled all expenses as one of his rental properties to use as a tax write off. That's tax fraud, correct?

My employer owns an LLC. He flips real estate. He has about 7 years of back taxes and because of this cannot open a personal account. He uses the business account for all of his expenses. I know that this commingling is frowned upon, but not illegal. However, he accepts private loans for...