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Results (10,000+)
Nasi K. Agriculture Tax Exemption
23 October 2024 | 3 replies
We bought 1.5 acre of 15 acre land which was in agriculture tax exemption in middle of this year. how can we continue to get the same agriculture exemption for this and next year. we had calculated the maximum tax as $100 for the entire year during the closing due to agriculture tax exemption and have prorated accordingly for our 1.5 acre.
Janet Behm Daily Fines of $500 for Failure to File by Year-End
30 October 2024 | 2 replies
The aim is to expose businesses attempting to conceal illicit gains, thereby identifying those involved in criminal activities.As for a Home Owner Association (HOA), whether it needs to comply depends on its legal structure and tax status.Most HOAs need not file, except 501(c)(4), which probably need to comply.Who is Exempt?
Eva K. Reducing Closing &Calculating REET) when buying out my partner
31 October 2024 | 0 replies
I'm fairly confident from reading online we don't qualify for an exemption, but I'm trying to assess actual closing costs to trying and reduce them All details:Bought the house 2.5 years ago for $980K (left on mortgage $753K), we have a clause for an assumable mortgage for me to take over (I can keep same rate).
Janet Behm $500 Daily Fine for Corporation, LLC, & HOA
28 October 2024 | 0 replies
The aim is to expose businesses attempting to conceal illicit gains, thereby identifying those involved in criminal activities.As a real estate investor preoccupied with due diligence, you have little to fear…except failing to file by year-end.Who is Exempt?
Joseph E. Nothing but Good Options, (but which one?!)
1 November 2024 | 6 replies
You are close to (or maybe past) your primary residence capital gains exemption, so I'd take that in to consideration too.
Jamaal Smith My monthly tax payment increased by a $600
29 October 2024 | 15 replies
The disabled veteran must be a Texas resident and must choose one property to receive the exemption.
Michael Baum Fed cuts rates by .5%
9 November 2024 | 87 replies
There is a homeowner exemption but the taxes are still 7k to 8k a year for that house. 
Michael Macaluso Living In Property Owned By LLC
27 October 2024 | 3 replies
We also have homestead exemptions where I'm at - which an LLC isn't able to take advantage of - so I would investigate the benefits of that as well when considering selling it to yourself.  
Constantinos Zavos ATI Property Tax re-assessment
24 October 2024 | 3 replies
I know there is an ATI exemption that reduces the taxable value by ~25%.Anyone else went through this and can advise on how to move forward with this?
Kuriakos Mellos Dilemma: Save up to buy 1 more or begin paying down properties more aggressively
30 October 2024 | 11 replies
At a minimum you can put your extra funds into a high yield savings account, or even better 4-week treasury bills that give you state tax exemption and keeps you liquid for your next acquisition.