Do you own rental property? DON’T MAKE THIS MISTAKE!
I have seen several instances this tax season where an individual is reporting rental income under an LLC that the LLC does not own.
Not only is it not allowed by the IRS, but it could cause problems with your lender and other legal issues.
#cpa #taxconsultant #taxplanning #taxpreparation #taxdeductions#austincpa #georgetowncpa #roundrockcpa #leandercpa#cedarparkcpa #taxreturns #rentalproperty