 Why would a man buy a house if he was single? |
Additional Details
it's "not" obvious cris. Plus I'm a real estate agent but I see no reason why a single person feels they have to buy, and I see renting just as ... |
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 How does a real estate agent sell their own house? Isn't there a conflict of interest since it's their house? |
Additional Details
This is in California. Are there different laws in different states regarding this? Seems like I'm getting mixed answers.... |
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 Where do people who make less than 40k a year live in San Francisco? |
| I've been doing some research and noticed the pay rate for my job is the same in CA as it is in NC and SC. Now I would like for someone to explain how can someone who makes less than 40k a year, ... |
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 Is it legal for an agent to hold back rent from a landlord if the tenant has paid it? |
| Is it legal for a renal agent to hold one year's rent from my tenant? I am a landlord and because my tenants are from overseas they have required that they pay one year's rent up front. The ... |
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 I plan on marrying a Marine from NC and I live in OH. What are the chances of getting out of my lease easily? |
Is there some sort of loop hole that can get me out of paying for the next 7 months or am I gonna have to just suck it up and pay? Or maybe come to some sort of agreement with my landlord?
... |
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 Rent question: Two people decide to rent a house together. The rent is $800.00. They each pay $400.00.? |
After two years, one person moves out. What is the right thing for the remaining renter to do.
1. Pay the $800.00
2. Insist to the land lord that he only owes him only $400.00.
3. M... |
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 Can my father give me the money for a down payment on a home? |
| I have income, but not proven. And have plans already towards a job once I am able to move to my desired town. I will pay my father back and pay my own mortage once I am working, but my problem now ... |
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 When will house prices go back up? |
| I live in California and I just hope they're back up in about 5 years. What do you think?... |
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 Is it right to ask your rich inlaws for help when buying a house? |
Additional Details
well, they are pretty rich...
and we are pretty poor so it seems fair.
or am i crazy? why dont they offer??... |
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 Landlord threaten to have the sheriff evict me at the end of the month ? |
| I was out of work for 2 month and my husband had to go out on total disability, We had no income coming in but with the help of friends, I'm back to work now so I have to play catch up, with my ... |
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 I rent and the garage broke. Who pays? The landlord or me the tenant? |
| I have been renting this house for 2+ years. After coming home from a long day at work, I pushed the button on the garage opener and it seemed to be having problems, I push the button again, the ... |
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Eleanor | If i was to rent out a room in my house to be used for business? |
would i be liable for business tax etc? |
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Skywalking
|
Not only that, you will be in violation for lacking permits. |
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sh
 |
yes |
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matthenry11
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I think you would have to declair the income you recieve and nothing more. |
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gobonzzo
|
Be aware that you probably also would be in violation of local occupancy codes. |
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hirebookkeeper
 |
You are supposed to claim the rental income from the space, yet you could claim the expenses associated with that space such as pro-rated taxes, utilities, depreciation. This is what you are supposed to do. |
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Forward
 |
Yes. |
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Hallwoman
 |
You must first clear it with the local City Engineers to see if you can rent the room. They give you requirements the room must meet in order for you to rent it,then you may have to have them come and inspect the room. You may have to pay a special permit tax once. You also have to make sure the area you live in is Zoned for the type of business going in the room. You declare the rent at the end of the year on your taxes and if you lose money in renting you can get credit and not have to pay taxes. |
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spring_rainbows
|
Yep |
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Mudd P
 |
You declare the income and deduct the expense associated with that space only.
Be aware many areas have zoning ordinances against businesses be run in a residential area. So if the business will generate excessive traffic etc. someone may turn you in for the violation.
You will need to make sure you carry an abundant amount of liability insurance in such instances that would generate people coming into YOUR home for business purposes even though it is not your business.
You will want to run this by your home owner insurance carrier as this might get you a denial if you should ever have to file a claim for damages or harm to others. |
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Ed
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The business tenant is liable for business related taxes. You would be iable for income tax, since income from rent counts as taxable income.
Make sure it is YOUR house, since if you are a tenant sub-letting may be contrary to the terms of your tenancy (it usually is), and using the premises for business purposes is usually contrary to the terms of tenancy where the landlord is the local council or housing association. |
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Sparky
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Yep. |
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redsoxfan2418
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yes, no, maby so |
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Joe Millionaire
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business tax? no such thing! Your rental income would be liable for income tax declarable on your tax return. You should invoice the renting company on a VAT zero rated basis to avoid registering for VAT.
Email for further info. |
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Hyele
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Actually, this is a zoning issue. Is your residence in a zone that permits business locale? Will this business be rented space to a relative, or opened to the public?
A personal business can be run from a residential zoned property as long as the income is below your states determined eligibility factor.
If you are renting this room to a random, non-relative individual then you will have to increase your home owners insurance to cover mishap and get the proper zoning through your county courthouse. Also, you will have to post it to the neighborhood and have a large percentage of *good will signatures.*
If you are WORKING the business to whom you are renting the room, then it becomes a pseudo employment, such as Avon or Mary Kay and it does require higher tax bracket for income tax.
All in all I would say this is not the best idea, if you want to do it legally.
:)
Good Luck. |
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Brandon
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I suggest you contact an attorney or the IRS to get factual information. |
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will u answer me
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business is not being run by u, its the person who is ur tanent, so him has to pay his income and business tax, you just take a rent and enjoy |
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