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25 June 2015 | 20 replies
I have a connected savings account for reserves and where I keep money for quarterly property tax payments.
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27 June 2019 | 20 replies
Opportunity Zones can be used to minimize tax payments or even reduce to zero.Opportunity Zones were created under the TCJA to; Allow U.S. investors to defer all 2018 capital gains for eight years if the profits are reinvested and held in an Opportunity ZoneLower the amount of capital gains taxes resulting from the sale of a capital asset by 10% or 15% if the proceeds therefrom are held for five or seven years, respectively, in an Opportunity Zone project.Provide for a full exemption from capital gains taxes on all future capital gains on the invested funds if an investment is held for ten years following investment.Happy to connect if you have any questions.
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29 June 2015 | 2 replies
Instead, they record a general lien against the taxpayer and that lien attaches to all properties owned by that person or entity.
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2 July 2015 | 3 replies
I have a house under contract where the owner has been notified by the county that they will begin the tax foreclosure process since he has not made any tax payments in years.
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9 July 2015 | 4 replies
The sale of real estate is actually a sale by the partnership and not the individuals, so the partnership is the taxpayer and would structure the 1031 Exchange.
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16 July 2015 | 4 replies
Since your personal return is actually a joint return, the tax payer for that property is you and your husband.
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17 June 2015 | 55 replies
Maybe the government should disband section 8 and use those funds to match these folks up to home ownership... save them a heck of a lot of money and bring pride of ownership back into areas that desperately need it... you could give them a voucher for tax payments so they don't lose the house... but keep them responsible for the asset through its life.. with a 10 year no sell clause or if its sold proceeds pay Section 8 first.
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9 June 2015 | 16 replies
The tax is simply a device congress came up with well before IRA's even existed to level the playing field when tax-exempt entities compete with taxpaying businesses.Passive income is not taxed, and would include things like interest, dividends, royalties, and rents from real property.
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13 October 2015 | 14 replies
It seems to me either the government should get out of the loan business for English, History, and basket weaving students and let and the lenders deal with these borrowers at their own risk and face the possibility of actual student default, and bankruptcy protection, or qualify these taxpayer backed, non-defaultable loans by insuring the quality of the academic endeavor (sic STEM).
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15 December 2017 | 203 replies
Cuts to schools in the gentrified (taxpaying) parts will cause those folks to move to the suburbs.