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9 October 2023 | 0 replies
They expand and contract over time.The key is that deductions are an allowance, meaning that we are allowed to deduct them only when we have met the conditions as provided in various authoritative sources.163(a) provides our allowance for interest deduction for all amounts paid or accrued in the tax year on indebtedness.The four basic requirements are:1) It must constitute interest for tax purposes2) The amount must be paid or accrued in the tax year3) It must be paid on valid, existing indebtedness4) The indebtedness must belong to the one seeking the deductionCase law has defined interest as the amounts paid for the use, forbearance, or detention of money.Paid or accrued refers to the method of accounting.
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7 July 2017 | 10 replies
(d) Easements constituting servitudes upon or burdens to the property; water rights, the record title to which is held separately from the title to the property; and restrictions of record.
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17 March 2022 | 13 replies
Because these are considered a commercial business, the rental would be subject to commercial building standards and permits.The City of Leander constitutes a short term rental as anything less than 6 months.Leander does not require or provide licensing of short term rentals.Marble Falls:In January of 2021, Marble Falls adopted a short term rental ordinance.
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10 October 2023 | 34 replies
And banning one tenant's entire family without reasonable justification seems like it might constitute discrimination.
13 November 2023 | 4 replies
In Austin this is called a wholesale owner finance (or WHOF) or mortgage assignmentThe new SAFE Act stipulates that you can't originate loans without being licensed so it is unclear whether or not this constitutes non-compliance with the law.
9 November 2023 | 7 replies
They can help you weigh the pros and cons and make an informed decision.Remember, this information is for general guidance and does not constitute legal or financial advice.
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22 March 2018 | 6 replies
Moreover, the court certified the case as a class action, paving the way for the refund of fees to hundreds of sellers who sold property in this Dayton suburb over a six-year period.The suit was brought by property owner Jason Thompson and the 1851 Center for Constitutional Law, a non-profit entity.
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27 November 2023 | 1 reply
Assuming the company is paying the rental fee each week, not the guests, would this constitute a STR (for tax purposes, cost seg, etc) or LTR?
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2 March 2021 | 7 replies
I have heard of Sheriff's refusing to enforce "laws" passed by government officials that are in direct contradiction to the Constitution, but not a legal court order.
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17 November 2023 | 7 replies
The question is does that constitution permission from the sellers to take appropriate actions to access the units.