Here in WA we have an excise tax that is applied to sale or transfer of real estate when the owners differ.

I know they didn't increase the rate, I'm just saying the tax levy rate was one of the highest in the nation.

In fact, the IRS levies the largest penalty that I'm aware of (50% of whatever the required distribution was supposed to be) on IRA required distributions. 

That is all.....btw, odds are your tenant voted for whatever levy caused your property tax increase. 

Hello Bigger Pockets Forum,Looking for thoughts and feedback on the probability of the IRS exercising their redemption rights (during the 120-day period) to redeem a foreclosing property which has ~$1-1.3M of equity and ~$2M+ of IRS Federal Tax Liens levied against it?

Hi @Philip Levi There are a handful of great PMC's in Memphis, TN.

Capital gains tax is typically levied on the profit made from the sale of an asset, such as real estate.

**Reduced RMD Penalty**: Previously, failing to take an RMD incurred a 50% excise tax, but this has now been lowered to 25%.

Quote from @Levi Dobson: Quote from @Russell Brazil: Agents will say its easier to be an agentLoan officers will say its better to be a loan officer. 

But if all your homes are inside one LLC and you lose a claim (lawsuit) against you because of something on one of your properties inside that LLC, I believe all the assets of that LLC are available to be levied upon by the lawsuit.