Comments on: Ramifications of the Housing and Economic Recovery Act of 2008 http://www.biggerpockets.com/renewsblog/2008/08/15/ramifications-of-the-housing-and-economic-recovery-act-of-2008/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: New Rules: You And The IRS This January | Prison Planet Earthhttp://www.biggerpockets.com/renewsblog/2008/08/15/ramifications-of-the-housing-and-economic-recovery-act-of-2008/#comment-89349 New Rules: You And The IRS This January | Prison Planet Earth Tue, 07 Dec 2010 21:08:39 +0000 http://www.biggerpockets.com/renewsblog/?p=1164#comment-89349 [...] directly to the IRS, they will have access to information not only on the sellers, but also the BUYERS! The volume aggregate sales will be sent directly to the IRS, but records of individual sales will [...] [...] directly to the IRS, they will have access to information not only on the sellers, but also the BUYERS! The volume aggregate sales will be sent directly to the IRS, but records of individual sales will [...]

]]> By: Dalehttp://www.biggerpockets.com/renewsblog/2008/08/15/ramifications-of-the-housing-and-economic-recovery-act-of-2008/#comment-68381 Dale Mon, 31 Aug 2009 06:28:33 +0000 http://www.biggerpockets.com/renewsblog/?p=1164#comment-68381 It’s amazing to me that the Feds didn’t go to the root of the problem instead of trying to patch it up on the consumer end of things. Does this mean that lenders can simply wash their hands? Dale It’s amazing to me that the Feds didn’t go to the root of the problem instead of trying to patch it up on the consumer end of things. Does this mean that lenders can simply wash their hands? Dale

]]> By: florida propertyhttp://www.biggerpockets.com/renewsblog/2008/08/15/ramifications-of-the-housing-and-economic-recovery-act-of-2008/#comment-59584 florida property Tue, 26 Aug 2008 18:30:30 +0000 http://www.biggerpockets.com/renewsblog/?p=1164#comment-59584 Unlike Steve, I strongly object to bureaucratic nonsense that increases my costs. If IRS audits aren't efficient enough to catch the tax evaders, then change the way they're done - instead of sneaking something through a Housing Bill, adding to the IRS mountain of paperwork and increasing costs to those of us who buy online. Unlike Steve, I strongly object to bureaucratic nonsense that increases my costs. If IRS audits aren’t efficient enough to catch the tax evaders, then change the way they’re done – instead of sneaking something through a Housing Bill, adding to the IRS mountain of paperwork and increasing costs to those of us who buy online.

]]> By: Dale "Short Sale" Kirklandhttp://www.biggerpockets.com/renewsblog/2008/08/15/ramifications-of-the-housing-and-economic-recovery-act-of-2008/#comment-59431 Dale "Short Sale" Kirkland Tue, 19 Aug 2008 05:38:51 +0000 http://www.biggerpockets.com/renewsblog/?p=1164#comment-59431 Well, it's amazing to me that the Feds didn't go to the root of the problem instead of trying to patch it up on the consumer end of things. Does this mean that lenders can simply wash their hands? Dale Well, it’s amazing to me that the Feds didn’t go to the root of the problem instead of trying to patch it up on the consumer end of things. Does this mean that lenders can simply wash their hands? Dale

]]> By: Scottish castleshttp://www.biggerpockets.com/renewsblog/2008/08/15/ramifications-of-the-housing-and-economic-recovery-act-of-2008/#comment-59403 Scottish castles Mon, 18 Aug 2008 10:27:40 +0000 http://www.biggerpockets.com/renewsblog/?p=1164#comment-59403 I made an investment into real estate in Bulgaria. Still don't know if it works or not.. Prices went up in the uk :(( I made an investment into real estate in Bulgaria. Still don’t know if it works or not.. Prices went up in the uk :( (

]]> By: Tom Koziolhttp://www.biggerpockets.com/renewsblog/2008/08/15/ramifications-of-the-housing-and-economic-recovery-act-of-2008/#comment-59388 Tom Koziol Sun, 17 Aug 2008 16:17:41 +0000 http://www.biggerpockets.com/renewsblog/?p=1164#comment-59388 Thanks for the details. Thanks for the details.

]]> By: RealEstateEconomisthttp://www.biggerpockets.com/renewsblog/2008/08/15/ramifications-of-the-housing-and-economic-recovery-act-of-2008/#comment-59387 RealEstateEconomist Sun, 17 Aug 2008 15:30:13 +0000 http://www.biggerpockets.com/renewsblog/?p=1164#comment-59387 FYI There's a handy free online directory of the new housing law (HR 3221) which can be read or downloaded. Table of contents takes you right to the page of interest. Here's the website. http://www.UsHousingMeltdown.org/2008-housing-law.aspThe merchant reporting requirement mentioned above can be found on pages 681-690. Some other highlights include the change to vacation tax status, found on pages 690-693. The property tax change pages 637 and 638. First time home buyer credit found on pages 628-637.Pork barrel spending projects located on pages 675-676 and 680-681. FYI
There’s a handy free online directory of the new housing law (HR 3221) which can be read or downloaded. Table of contents takes you right to the page of interest. Here’s the website.

http://www.UsHousingMeltdown.org/2008-housing-law.asp

The merchant reporting requirement mentioned above can be found on pages 681-690. Some other highlights include the change to vacation tax status, found on pages 690-693. The property tax change pages 637 and 638. First time home buyer credit found on pages 628-637.

Pork barrel spending projects located on pages 675-676 and 680-681.

]]> By: Stevehttp://www.biggerpockets.com/renewsblog/2008/08/15/ramifications-of-the-housing-and-economic-recovery-act-of-2008/#comment-59364 Steve Fri, 15 Aug 2008 18:29:20 +0000 http://www.biggerpockets.com/renewsblog/?p=1164#comment-59364 While I agree, the privacy concerns are a problem. I feel absolutely no sympathy that income is going to be reported to the IRS. Yes, there will be some additional costs at tax time. Feel free to pass those costs on to me when I purchase products. While I agree, the privacy concerns are a problem. I feel absolutely no sympathy that income is going to be reported to the IRS. Yes, there will be some additional costs at tax time. Feel free to pass those costs on to me when I purchase products.

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