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24 August 2013 | 14 replies
That doesn't apply or effect gifting or transfers for estate purposes for such stated purposes where allowances are made.In financing, a sham note can be one with zero interest where imputed taxes are assessed or where a note is made at a higher par/upb to make up an interest amount to avoid interest or usury issues, it's a sham note.Those who are inclined to be "creative" in their financing or transactions between closely held interests or even with other parties where the purpose is to avoid taxation or profiting need to study the issues of sham transactions
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8 September 2013 | 11 replies
An entitlement, if you will, and I think the benefit is exempt from taxation.
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11 September 2013 | 5 replies
Also, I'm an EA, (I'm licensed in taxation where a cpa is licensed in accounting).
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18 January 2014 | 14 replies
Let the C-corp build equity and reputation.The C-corp is owned off-shore and is capitalized, (not loans, so funds flow in one direction only and minimizes double taxation).
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18 September 2013 | 7 replies
As you might expect matters around financing, regulation and taxation will be different if you are investing at home.
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20 March 2019 | 8 replies
The price you paid for the home, not the loan balance has more affinity to your taxation.
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19 January 2013 | 13 replies
Assigning an LLC still triggers the transfer tax, at least in PA.I agree with your attorney, it is the cost of acquiring the property.The only way the total cost of acquisition won't be seen by your seller is with two transactions, the sale price must be the same on the Buyer's and Seller's side but other costs don't have to appear on the HUD.Perhaps you need an agreement with your buyer that might explain the value you are adding to the property, like some repairs?
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25 January 2013 | 28 replies
The taxation for option money comes from IRC Section 1234.Option moneys for RTO give people the right to to buy during a period for a certain sales price.
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24 January 2013 | 4 replies
She will only pay the highest rate and will typically receive a credit for any other income tax paid.As far as the taxation goes I am very familiar with this and have many clients overseas.
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27 July 2014 | 36 replies
Another thing to think about, when you pay your loan back (aka pay yourself back) through payroll deductions, the interest portion of the repayment is subject to double taxation - you are paying the interest back into the 401k with after tax dollars, and then when you begin making withdrawls that interest is subject again to taxation.Like anything way the risks/benefits, but know what you're really getting.Damon