Rob Bergeron
Beshear holds lottery for first round of Kentucky medical cannabis licenses
30 October 2024 | 2 replies
The taxing on marijuana should help us continue to hit the thresholds needed to keep dropping the income tax to zero. Nice development for the state. It will be great when fully legal! Progress is progress!
Eva K.
Reducing Closing &Calculating REET) when buying out my partner
31 October 2024 | 0 replies
I'm fairly confident from reading online we don't qualify for an exemption, but I'm trying to assess actual closing costs to trying and reduce them All details:Bought the house 2.5 years ago for $980K (left on mortgage $753K), we have a clause for an assumable mortgage for me to take over (I can keep same rate).
Janet Behm
Daily Fines of $500 for Failure to File by Year-End
30 October 2024 | 2 replies
The aim is to expose businesses attempting to conceal illicit gains, thereby identifying those involved in criminal activities.As for a Home Owner Association (HOA), whether it needs to comply depends on its legal structure and tax status.Most HOAs need not file, except 501(c)(4), which probably need to comply.Who is Exempt?
Joseph E.
Nothing but Good Options, (but which one?!)
1 November 2024 | 6 replies
You are close to (or maybe past) your primary residence capital gains exemption, so I'd take that in to consideration too.
Nasi K.
Agriculture Tax Exemption
23 October 2024 | 3 replies
We bought 1.5 acre of 15 acre land which was in agriculture tax exemption in middle of this year. how can we continue to get the same agriculture exemption for this and next year. we had calculated the maximum tax as $100 for the entire year during the closing due to agriculture tax exemption and have prorated accordingly for our 1.5 acre.
Michael Baum
Fed cuts rates by .5%
9 November 2024 | 87 replies
There is a homeowner exemption but the taxes are still 7k to 8k a year for that house.
Janet Behm
$500 Daily Fine for Corporation, LLC, & HOA
28 October 2024 | 0 replies
The aim is to expose businesses attempting to conceal illicit gains, thereby identifying those involved in criminal activities.As a real estate investor preoccupied with due diligence, you have little to fear…except failing to file by year-end.Who is Exempt?
Jamaal Smith
My monthly tax payment increased by a $600
29 October 2024 | 15 replies
The disabled veteran must be a Texas resident and must choose one property to receive the exemption.
William Coet
Invest in a Syndication as an LLC or Individual
29 October 2024 | 6 replies
Thus if someone is say a medical doctor, they may want to shield (or at least make it difficult) for outside liability if they were to be sued personally in their day job or elsewhere.
Noey Santiago
Refinancing with a Low Credit Score
30 October 2024 | 11 replies
If it was unforeseen medical debt, and you've made progress in straightening things out, you might find a private lender to work with you for an eye-wateringly high interest rate.