The R.E. agents, the fraudulent buyer and HUD should be held accountable for this type of taxpayer theft.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.I represent taxpayers in audits before the IRS.

So in select areas on select properties, FIs are initiating repairs and ultimately saving taxpayer dollars... at the "expense" of an investor's next rehab project.

They rather see a property on the "tax paying list" again rather than on the "delinquent list".

But if that influence stems from that same company receiving tax dollars from US tax payers, now we have an issue!

The penalties would be a lien on the property and I would likely be paying them with the subsequent property tax payments throughout this year before filing for a tax deed.

Bill,I should have said "when you flip a property" I meant that singular.I'm currently in an audit for a 2008 return where the taxpayer in purchasing a lot and developing it was hit hard by the downturn in the economy and was unable to complete the home and took a loss on the property.I could go into detail about the tax comes from a contracting family.

banks should be allowed to fail - any public subsidy is un-American and theft to the taxpayer.

I hate the idea of being dependent upon taxpayers for my retirement so I'm looking to achieve financial independence so I don't have to retire with the military.

Not sure how a UK firm would have any involvement in that since it was US tax payer dollars.What assets are they selling you?