Our government is out of control and grasping for every dime to keep themselves in cushy jobs with retirements paid for by taxpayers.

The city is extremely aggressive about going after businesses/taxpayers in the city.  

No credit check or rent required (except from the US taxpayer).

We expect that even well-qualified (3xrent with good work history) tenant renting a $500 per month apartment will have occasionally have problems when faced with a large, out of the ordinary expense.

After having tenants that were so willing to let us get these out-of-ordinary repairs done it feels slimy to be having the PMC charge them these excessive fees.

As a cash basis taxpayer, you recognize income when you have constructive receipt.  

:) But in some ways taking advantage of your tax paying neighbors. 

Once the returns are filed, the amount the taxpayer pays is regular tax plus penalties.Also, the IRS will do "an offer in compromise" and adjust the amount to as little as 10% of the actual amount if the couple is elderly with few assets.

This is a hypothetical question, but what would the taxing entities forgive property tax payments if a person were to claim force majeure? 

Also, depreciation recapture is generally taxed at a different rate (25% for 2019) than cap gains and ordinary income.