And they’re facing 30-40-maybe 50%% combined state and federal taxes.

The majority of taxpayers are required to settle their tax dues by April 18 to avoid penalties and interest accruing on any outstanding amounts after this date.For those residing in Maine and Massachusetts, the deadline is extended to April 19 due to the Patriots’ Day holiday in these states.How to Request an ExtensionIf you find yourself in need of an extension, the IRS provides convenient options to make the process smoother:File Form 4868:Utilize your tax professional, tax software, or the IRS Free File platform on IRS.gov to submit Form 4868.Individual taxpayers, regardless of income, can leverage Free File for an automatic extension request.Electronic Payment Method:Make an electronic payment using Direct Pay, Electronic Federal Tax Payment System, or debit/credit card or digital wallet.When selecting the payment type, indicate it’s for an extension.

For the purposes of calculating the limited interest deduction, the total mortgage debt owed would include both the individual mortgage on Unit A and the owner's share of the underlying mortgage.So, the total mortgage debt owed would be $800,000 (individual mortgage) + $200,000 (owner's share of underlying mortgage) = $1,000,000.Therefore, the owner would be limited to deducting mortgage interest based on this total mortgage debt of $1,000,000, not just the individual mortgage.Thus, the deduction for mortgage interest would be calculated as:($750,000 / $1,000,000) * $40,000 = $30,000Therefore, in this scenario, the owner would be able to deduct $30,000 of mortgage interest for federal income tax purposes.

The FHA process is a little more stringent since it’s federally backed.

I've been involved in many lease transactions, as well as managing properties occupied by both state and federal agencies.

The Weekly 3: News and Data to Keep You InformedThe Federal Reserve does not care about the election.

You file Articles of Formation with the state, get a Federal EIN and a bank account. 

This is precisely what the Federal Reserve wants: to slow the velocity of consumer capital in hopes that pricing comes down.

Manager agrees to indemnify and defend Owner (including but not limited to any legal fees) for any willful misconduct on Manager’s part, or in response to any liability, loss, damage, costs or expenses arising out of claims or allegations based on Manager or Manager’s agent's failure to adhere to this Agreement or any federal or state laws relating to consumer transactions or the leasing of residential real property.

In Canada the prime minister made some announcement about trying to get a federal lease that all the provinces need to use as well as posting the previous rent so tenants can negotiate the rent prices.