Florida had that issue due to interpretation, but it has been corrected.

However I read municipal development codes daily and were I to read something like that, the interpretation would be intended only for the specific instance it is listed under (the exposed underside).

Did this tax book even correctly interpret the tax code?

I don't know how to interpret that, but that's what he said.Mike

In fact, it might be seen in court as manipulation and could be interpreted as taking advantage of the seller.Again, anything you post that helps me make more money is greatly appreciated.

Using any other exemption from registration, you lose the affirmative statutory defense, and are at the mercy of interpretation of securities, trade, and commerce laws by a judge and jury, with attorneys more than willing to represent borrowers who will lie through their teeth about what was discussed before they invested.

This leaves you with $3,205 annually in Cash Flows Before Taxes.That is my interpretation of the 50% rule.

Even if you have, you can only represent them in matter relating to how the tax returns were prepared and not in an interpretation of the law.You can't interpret the regs nor the underlying legislation.

@Steve Morris I interpreted that line as:I have found a mentor, but I have yet to agree to his/her terms.

It's really tough to keep up with changes in tax laws and interpretations of tax laws.