Building Rental Form: Fill & Download for Free

I did this once. I forgot to include a 1099 with my tax form.They sent me a “Notice of Adjust Income Tax” in the mail, along with a bill (it was for something like $70, if I recall correctly).On another occasion, the IRS sent me an audit notice because, they said, I neglected to tell them about my income from my rental property. They believed I owed many thousands of dollars.This was a bit of a head-scratcher to me, because I have never owned rental property.When I arrived at the audit, I actually started laughing. I owned a business at the time and rented an office in a small office building in downtown Tampa. On some form, the landlord’s accountant had put my name and address in the part of the form for “owner” and the landlord’s name and address in the part of the form for “tenant.”That was cleared up pretty quickly, but in the process, the auditor found a deduction I qualified for but hadn’t taken. I ended up getting about $200 back that I wasn’t expecting.

Overall, it’s pretty simple.In BC, we have had a form of rent control for years. The form it took was Inflation + 2%. On a new contract, you can charge what you want, but on a renewal, we were limited. This was acceptable to landlords, we were able to make this work while still keeping rents reasonable for tenants. FYI, it applied only to residential tenants. Commercial have no such protection.However, it did limit the income that could be earned on new construction, and with the increased costs of new construction, it became too expensive to build rental, if a developer needed to borrow money from the bank to build. It’s why BC, and Greater Vancouver, has seen such a massive increase in condo sales…as developers, we would lose money for 15 years or more on new rental properties. That is not, in any business, a reasonable ROI.However, the new socialist NDP gov’t here in BC has virtually guaranteed that no new rentals will be built. They have reduced the annual rent increases to inflation only. It would be nice if building maintenance expenses would stay below inflation, but they don’t. Those expenses, plus increases in insurance, property taxes, income taxes, etc, will be beyond the inflation rate. This of course means that landlords will begin losing money within a few years, or, they will stop doing maintenance. It won’t be long, and buildings that were once kept in good repair, will fall in to slums. And since renters don’t care about their homes in the same way that owners do, rental units will begin to look like shit in even less time.There is a reasonable limit when discussing rent controls…inflation + 2 worked. More than +2 can make it tough for tenants, but less than +2 will make it impossible for new rentals to be built.

There a few ways you can discover your answer to that question.Simply contact the charity and ask for a donation list (form 990)Google the charity and find links and videos on how they donatedGoto GuideStar nonprofit reports and Forms 990 for donors, grantmakers, and businesses and search for the non-profit there. You will easily discover how much they spend, where they spent it and how much was received in donations as well as their assets and annual review of money collected and spent. Plus it will show you their administrative fees (fees that includes what they spend on building rental / leases, employee salaries, office supplies, etc.)Hope this helps as it’s great to help a Charity but it’s great to know if that Charity is the right one to assist with your time and donations. I personally assist St. Jude as 85–90% of their money goes back towards helping people and I just started helping this new non-profit called H.A.B.B.I.T.S. (Human Against Bad Behaviors In Today’s Society) at www.habbits.org.#getupradio #getupradiomedia #Humans Against Bad Behaviors In todays society #habbits #donations #GuideStar nonprofit reports and Forms 990 for donors, grantmakers, and businesses #guidestar #quora