Tax Realty Consultant

Orange Park will continue pursuing a non-ad valorem tax on all residents - including tax-exempt properties - to fund the town’s fire department beginning in 2008.
Town Council members on Tuesday night voted to inform county and state officials of their intentions to create a “municipal service benefit unit,” and to hire a consultant [...]

[Read more →]

Local governments drained more than $1.1 billion from Florida’s state-run investment pool when it reopened Thursday, a week after it was frozen amid a run that withdrew almost $10 billion on worries about its investments in securities backed by troubled mortgages.The pool’s problems provided another illustration of the wide-ranging and sometimes unexpected consequences rippling across [...]

[Read more →]

IRS tax liens, which attached more than six but less than ten years previously to married debtors’ property that was transferred to a realty trust of which the wife was the sole beneficiary, were still in existence because the collection period had been statutorily extended from six to ten years. However, the IRS was required [...]

[Read more →]

The amendment to Code Sec. 6502 by the Revenue Reconciliation Act of 1990 (P.L. 101-508), which replaced the six-year limitations period with a ten-year period, extended the collection period with respect to a married couple whose tax collection waiver agreement specified an earlier cut-off date. Notice of assessment and demand for payment had been sent [...]

[Read more →]

1) One of the major deductions is the business use of your car.
2) Decide the best tax usage of your car-Mileage or Actual Cost Method
3) You can switch the method of usage for car even if you used the other
4) Keep adequate travel records
5) Though most business meals are only 50% deductible, there are exceptions
6) [...]

[Read more →]

Accordingly, clients need to be both patient and accommodating when their agent requests answers and documentation to support a transaction, says Mike Bester, CEO of Realty 1 International Property Group.
Yet, he adds, agents and consumers are often in the dark when it comes to identifying just what behaviour should be reported to the country’s Financial [...]

[Read more →]