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6 February 2017 | 9 replies
Out of state owners and estates almost never pay the tax, as well as some instate owner/estates.
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22 November 2020 | 6 replies
These firms will provide you the expertise and allow for the flexibility in price that you are looking for.Another great thing is that you live within the state of Florida which does not have a state income tax. A
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12 January 2014 | 10 replies
I am probably more knowledgeable than the average person in tax, as I've taken a number of classes in tax law and understand basic concepts, like passive activities, depreciation, etc.
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1 May 2022 | 30 replies
The county could literally just pursue the same things, and not sell the tax as a lien.
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17 January 2019 | 21 replies
If your income is higher, your federal or state tax rates can be even more.Depreciation and SellingWhen you sell your property, you must pay 25 percent recapture tax as well as regular state income tax on the depreciation you claimed.
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2 June 2022 | 21 replies
Hey,I'm have rentals:One in the Netherlands AmsterdamOne in Hungary Budapest and one in Tatabanya.If you want to invest in the Netherlands you'd pay 8% tax as an investment property (to live in is 1-2% ).
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6 January 2021 | 12 replies
We want to buy a beach casita/condo up in the Natal or Sao Miguel do Gostoso area.
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5 January 2016 | 5 replies
The insurance has been raised 10% a year lately.Anyway, within the $1600, $1300 is mortgage, $300 is property tax. As
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4 September 2018 | 9 replies
Being from Long Island I keep seeing people of all different ages relocate out of state due to the state income tax as well as the property taxes, especially with the new 10K cap.
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15 September 2022 | 7 replies
@Dion Watts the page you provided a link to has a column for general partnerships, but not one for limited liability partnerships (LLPs), and they're not the same at all.I found pages on the secretary of state website for Registration of Limited Liability Partnership and Renewal of Registration of Limited Liability Partnership and the costs are the same as for an LLC ($150 to register, $50/year to renew) so I don't think there's a savings there.I also found this Entity Filing Requirements page on the RI Division of Taxation that indicates LLPs must pay the same minimum partnership tax as any other entity taxed as a partnership (e.g., a multi-member LLC which chose to be taxed as a partnership).So I'm not seeing any cost savings for an LLP vs. an LLC at either the Department of State or Division of Taxation.For both an LLC taxed as a partnership, and an LLP, I believe profits or losses would flow through to the partners' individual returns.The main distinction that I see is that with the LLP you must distinguish between general partner(s) and limited partner(s).