17 October 2023 | 76 replies
Wondering how this affects nonprofits that provide housing as there is no tax payment requirement for adverse possession.https://bayarearealestatelawyers.com/real-estate-law/adverse...
27 October 2020 | 25 replies
I finally just called them up and asked what their criteria/process was to cancel the escrow account and let me make my own insurance/property tax payments.
6 July 2022 | 10 replies
Examples of such nondeductible fees are credit report fees, loan origination fees, and appraisal fees.A taxpayer can deduct points paid to acquire a mortgage on a property that the taxpayer used both as his principal residence and as a rental property (he rented out a portion of the property to tenants).
1 November 2024 | 48 replies
One example: Taxpayer tried to use the hours from a STR as REP hours.
21 August 2024 | 28 replies
Under IRC Sec 61, Congress intends to tax all gains or undeniable accessions to wealth, clearly realized, over which taxpayers have complete dominion.Treas Reg Sec 1.61-1(a) provides that gross income includes income realized in any form, whether in money, property, or services.
23 July 2018 | 8 replies
There was a recent court case where a taxpayer lost deductions because they couldn't prove they paid them.
11 February 2018 | 22 replies
An identification number for a U.S. person is a taxpayer identification number (TIN) (or evidence of an application for one), and an identification number for a non-U.S. person is one or more of the following: a TIN; a passport number and country of issuance; an alien identification card number; or a number and country of issuance of any other unexpired government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard.
24 January 2023 | 5 replies
(This can be met with as little as 100 hours of material participation throughout the year and more than anyone else)Of course, make sure you speak with your taxpayer regarding your specific situation!
5 May 2015 | 68 replies
Some people think that people in jail have too good of life because they sit around all day, get free housing, and free food, paid for by the taxpayers.
7 April 2022 | 4 replies
I heard that as a Canadian tax payer I am best off with a combination of a Canadian and US entity, does anyone have any advice on what structure to use?