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22 March 2019 | 11 replies
IRS has accepted no less than 6 different methods for determining land vs. building value.
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27 February 2019 | 3 replies
The IRS doesn't typically like this and an expensive appraisal process (get 3 appraisals and take the middle) is typically how you have to go about doing these transfers (along with likely paying transfer taxes).
28 February 2019 | 4 replies
You also have to play a crucial timing game as far as buying the next property.It is all listed on the IRS website.
27 February 2019 | 2 replies
well CA is not a tax lien state its a tax deed state.. so when you bid you own it.opening bid is just that.. you bid from there.. it will be rare to the extreme that a 600k property goes to sale at 25k.. and if it does it will get bid way up.bidding is simply what your willing to payyou can door knock send letters etc.. this is quite common.all liens are wiped out except IRS and those sunset 120 days no need to get super concerned with that stuffMost common is you buy a worthless property that has been let go to sale becasue its un buildable or other defects of a physical nature.
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10 March 2019 | 7 replies
Doug took over the complicated one as a previous firm had created issues that needed work, IRS issues.
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1 March 2019 | 5 replies
It seems to me like it should be $110 or $85 because it it just feels odd that the IRS would require me to move into a situation where i have to get a new loan, or invest more cash.3.
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23 September 2020 | 11 replies
I'm trying to figure out why this wouldn't be possible based on IRS rules and guidelines.
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4 March 2019 | 9 replies
If the trust was irrevocable it would need to file an income tax return.The IRS considers a revocable trust to be a "disregarded entity" meaning it doesn't exist for tax purposes.
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4 March 2019 | 35 replies
IRS watches money move and asks questions.
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5 March 2019 | 7 replies
I think this page on the IRS website should answer many of your questions.This answer from the page may be most relevant:Q.