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Entries from December 2007

Real Estate Tax Incentives

December 18th, 2007 · No Comments

Tax incentives for real estate investors can often make the difference in your tax rates. Deductions for rental property can often be used to offset wage income. Tax breaks can often enable investors to turn a loss into a profit.
For which items can investors get tax breaks? You could claim deductions for actual costs you [...]

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Your American home Is it really the perfect time to buy a U.S. residence?

December 18th, 2007 · 1 Comment

Your American home
Is it really the perfect time to buy a U.S. residence?
Buying real estate in another country means you must face a variety of legal, fiscal, regulatory and social challenges. Here are some things to consider before you buy:
* Do your research. Find out about legal and tax issues, local amenities, who your neighbours [...]

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Deliquent Properties - Realty Tax Arrears

December 18th, 2007 · No Comments

Danville has collected more than $1 million in delinquent taxes, penalties and interest since the city first threatened to make public the names of those who had fallen behind in their tax payments, according to Michael Adkins, the city’s Assistant Financial Director.
The city sent a letter to overdue taxpayers in July, announcing their names would [...]

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Property Education Taxes - Yet Another Area of Concern

December 16th, 2007 · No Comments

Nope, this isn’t Alice in Wonderland. That would make it down the rabbit hole.
This is the world of Racine Unified, which makes it the rat hole.
The public policy arm of Racine Area Manufacturers and Commerce, Education Racine, released its 10 year evaluation of the school district, and the picture is as bleak as we have [...]

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The Trend is that Municipal and City Relty Tax Collection Practices and Tatics are Going to Become More Aggressive

December 16th, 2007 · No Comments

While 1,600 employees in a 130-attorney practice might seem like an inefficient way to run a law firm, Linebarger Goggan Blair & Sampson markets its business model as one of the most efficient ways for its clients to get the results the firm aims to produce.
Linebarger Goggan opened in Texas in 1979 and has focused [...]

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New Creative Taxes on the Rise

December 16th, 2007 · No Comments

You have a spouse who earns $12,000 a year in a part-time job, and two children who go to public school, which is supported by high property taxes.
Do you think of yourself as a member of the ultra-rich class of Americans, the super wealthy?
Under the existing federal tax code, you are thought to be [...]

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Falling House Prices - A Key to Lower Valuations and Property Taxes ?

December 16th, 2007 · No Comments

 
Even with the recent drop in home prices, the real value of a single-family house in the US has more than doubled in 10 years, according to the Standard & Poor’s Case-Shiller index.
Many who bought mid-priced houses in the mid-1990s, now find themselves living in homes worth a small [...]

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Capital Gains : What Effect Consequences , Implications on Housing Market and Property Taxation and Taxes

December 16th, 2007 · No Comments

As a real estate investor, you know that income taxes have an impact on not only cash flow and profitability, but your ultimate rate of return. Understanding how the new tax law may affect you [...]

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Life Estates : Tax Consequences

December 16th, 2007 · No Comments

Life estates are relatively straightforward; they are simply estates “for life”. So, if Robert leaves an estate to James for his lifetime, then when James dies, it is longer part of his property or estate.
It is the original donor, Robert who gets to decide once more who gets to enjoy this property. This gives Robert [...]

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Concerns Over Brooklyn Boom

December 16th, 2007 · No Comments

There remain an extraordinary number of new apartments at some stage of construction, and developers are reporting strong sales. The developer Dean Palin, president of Palin Enterprises and a co-developer of the 309-unit Oro condominium on Gold Street and Flatbush Avenue, said apartments are selling well, with some units selling for close to $800 a [...]

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