To answer your question, Dodd-Frank is a law that is continuously being modified that applies only to banks doing business in the USAAs the article states:**************************************************************"What Dodd-Frank does is prevent these bailouts from encumbering the taxpayer by forcing the banks to liquidate anything and everything to pay off bad debts.

Unfortunately, it's pretty common for taxpayers (or the next accountant) to find mistakes by their tax preparers.Yes agreed that it is common to find mistakes, but not mistakes that trigger audits.

If I ran the world I would make the colleges co-sign the student loans rather than the tax payers.

Finally, it helps if you have the American tax payer subsidize your properties and leverage your position as a public servant to line your pockets

Front end : Less Revenue thus less tax payment , Back end: Stronger Balance sheet by converting debt into equity. 

Landlord foot the rent for 2 years to tenants who did not pay rent (well they paid 25%) to remain in place while tax payers foot the bill for reimbursement.

I also have only 1 roof, 4 walls, 1 mortgage, 1 lease template, 1 insurance policy, 1 electric bill, 1 tax payment, 1 set of laws to know, same vendors for HVAC, plumbing, etc.

Because almost immediately after the crash and US taxpayers ultimately bailed wall street out, (again) those very same people started doing the same thing that triggered the last crash - they created more "CDO's" again.

Unless you are paying estimated tax payments throughout the year based on your real estate earnings, there's nothing for them to actually refund you.

IRS regulations require that a taxpayer compute depreciation on what is allowed or allowable.