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Veteran Business Community

361 members • Free

6 contributions to Veteran Business Community
Do you owe the IRS money? IRS Transcript: Who Knew?
Do you owe the IRS money plus penalties and interest? IRS says you owe $10,543 for nonpayment even if they owe you a refund. of $21,537. You sold your house and didn't get the section 121 exemption and you now ow $235,000. Took out money from your retirement and owe $56,240. Think your accountant asked for an extension but did not? All of these examples happen all the time and are often incorrect. The issue is by the time the IRS send you notice, you have been assessed thousands of dollars of fees and interest. The IRS uses automated systems that screw up all the time. People and accountants/CPA miss information sometimes too. The result, you pissing your pants when you see a letter from the IRS saying you owe $26,790. You should pull your IRS transcripts every year so you don't get blindsided. Go get your transcripts at the link below. (IF you have "ID.me" it works great to log in) There are 1) Account Transcripts. 2) Return Transcripts. 3) Wage & Income Transcripts. 4) Record of Account Transcripts They are much easier to read than tax returns BTW. Get your tax records and transcripts | Internal Revenue Service https://www.irs.gov/individuals/get-transcript If you want more information. Go to the "Actual Tax Law" Community here on Skool run by Jasmin. Watch her videos. She is the best business CPA I have found. I posted a picture of her community and free courses in the attachment.
Do you owe the IRS money? IRS Transcript: Who Knew?
0 likes • 21h
This is crazy, my new tax lady who I cannot stand just did this to me. Did not file an extension and now I am in limbo.
My Win this week
As I’m selling two businesses, I decide to start one more for lucky # 10 I’ve been looking into Land Flipping for a while now but finally pulled the trigger. It’s basically finding off market vacant land and finding a developer who is looking for new properties to build on. A flipper gets the land under contract then assigned it to the developer without ever paying money out of pocket. Each deal makes about $4k-$20k. The difficult part that takes all the legwork is finding people willing to sell at a discount. I identified buyers and land m, then started sending out offers. Time will tell how profitable or to what scale I am willing to build it, but my goal is over $100,000 in 12 months. I love these low overhead businesses with big upside. It is costing me about $100/mo for software.
1 like • 21h
@David Jones, I do flips, buy and holds and have managed commerical property. I love hearing the programs you guys use. I have never used any of those.
1 like • 21h
@Lyre I would love to hear more.
Intro
Hello Sean, a lot of things in common. My name is Donnie Amado, owner of A & L Trucking and Transportaion, a veteran-owned trucking and transportation based in Brockton, Massachusetts. I currently work for the VA healthcare system and own a small real estate investment Co. as well. I have serval properties in different towns on the southshore. I am always looking to network with others in construction and trucking and anything that would grow my business as for some reason the trucking seems to be going a little slow. I am also a father of 2 and enjoy spending time with family, friends and the dog. I enjoy skiing, golfing and being outdoors and of course the beach. If you'd like to connect, please shoot me a message.
0 likes • Jul '25
Jordan do know of any Companies ever looking for dump trailer work?
0 likes • Jul '25
Thank you
Old intros from members.
New Introductions, just create a post and select "intro" for the category. Ex: Hi, I'm __________, my business/idea is/does __________________. My outside interests are ___________. Here is mine: "Hi, my name is David, I'm retired Army. I've launched 8 businesses over the last 21 years in hospitality, logistics, residential/commercial real estate, and business consulting. I've got 4 kids and love anything outdoors like hiking or riding my dirt bike. My favorite sports are hockey and football. If you know anybody wanting to sell a self-storage facility, I'd love to speak to them." How-to Videos about this group platform: (Part 1) Watch an intro video here to learn more about the platform and how to navigate the Community Chat and Classrooms. https://www.loom.com/share/4957d0310f47456887688e986181eb28?sid=86b33f7c-8e65-421e-8344-2ce2cf5004be (Part 2) Continued learning about how to message people, search for content/people, leveling up, and how to use the map. https://www.loom.com/share/901cc344870f43bfa847d525813c877a?sid=16eb8553-b174-4796-9491-2c8b965dfcaa (Part 3) https://youtu.be/jFhwhsJ4l0o Learn more about the VBOC (Veterans Business Outreach Center) and how we help veteran entrepreneurs start and grow their companies. Veterans Business Outreach Centers: Public Service Announcement
1 like • Jul '25
Hello Sean, a lot of things in common. My name is Donnie Amado, owner of A & L Trucking and Transportaion, a veteran-owned trucking and transportation based in Brockton, Massachusetts. I currently work for the VA healthcare system and own a small real estate investment Co. as well. I have serval properties in different towns on the southshore. I am always looking to network with others in construction and trucking and anything that would grow my business as for some reason the trucking seems to be going a little slow. I am also a father of 2 and enjoy spending time with family, friends and the dog. I enjoy skiing, golfing and being outdoors and of course the beach. If you'd like to connect, please shoot me a message.
Intro
Hi, I’m Sean Galligan, founder of SPG Construction & Development, a veteran-owned general contracting company based in Brockton, Massachusetts. I’m a Massachusetts Maritime Academy graduate with a background in engineering, and I’ve worked for both the VA healthcare system and the Army Corps of Engineers. Over the last 13 years, I’ve also invested in multifamily rental properties. I’m actively growing my business and real estate portfolio. I am always looking to network with others in construction, development, and public sector contracting. I am a father of 2 and enjoy spending time with family, friends and my dogs. I enjoy skiing, golfing and being outdoors. If you'd like to connect, please shoot me a message.
1 like • Jul '25
Hello Sean, a lot of things in common. My name is Donnie Amado, owner of A & L Trucking and Transportaion, a veteran-owned trucking and transportation based in Brockton, Massachusetts. I currently work for the VA healthcare system and own a small real estate investment Co. as well. I have serval properties in different towns on the southshore. I am always looking to network with others in construction and trucking and anything that would grow my business as for some reason the trucking seems to be going a little slow. I am also a father of 2 and enjoy spending time with family, friends and the dog. I enjoy skiing, golfing and being outdoors and of course the beach. If you'd like to connect, please shoot me a message.
1-6 of 6
Donald Amado
2
6points to level up
@donald-amado-9490
Owner of trucking and transportation Co.

Active 20h ago
Joined Jul 1, 2025
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