Audit Hell


My husband and I own a three family brownstone (we live in the bottom) and rent out the top two apartments. We have just been audited for 07 and 08 and need to pay back in full all the deductions we received for maintaining and fixing up our apartments.

We can fight it if we can prove that we spend over 750 hrs managing our apartments/tenants needs etc (easy), and I think as well we need to prove we are real-estate professionals (that one of us spends more than 50% in the real-estate industry (we don’t as both have work in other professions).

wanted to see if anyone has any advice, been successful in winning a similar case and if you do need to prove your a real-estate pro. We have engaged an IRS lawyer but before we start racking up his fees want to see if we should suck it up and pay it all back.

Cheers

Categories: Taxes
By bondi | 11/11/2009 3:25 PM | Comment

wallpaper hanger


hi I live in Bed Stuy and wanted to know if anyone could recommend someone who hangs wallpaper. It’s one wall approx. 13ft x 7.5ft

Categories: Painting
By bondi | 05/08/2008 8:00 AM | Comment

Wanted Bluestone/Slate for patio


Looking to buy old heavy duty bluestone/slate (blue/grey in color) to finish off our patio.

Approx. 24″ wide by anywhere from 24″ to 36″ in length and 1″ to 3″ in thickness

Categories: Garden
By bondi | 04/04/2008 9:56 AM | Comment