Friday, September 30, 2011

Overview of Property Tax and Real Estate Exemptions

Property tax is assessed against commercial and residential real estate. The amount of property tax varies by each state. Property tax revenue is used to pay for community needs and can include road repairs, school improvements, building new schools, and law enforcement, firefighters and emergency responder salaries.
Property tax can be calculated by multiplying the assessed property value times the state tax rate. For instance, if state property tax is 5-percent and the appraised value of real estate is 0,000, the

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Where can I find real estate tax assestment records for any property in the USA?

Im specificly looking to find the following:

1. Year property was purchased
2. Value of property at time of purchase and current value.
3. Whose name is on the title?
4. If possible any refinancing on the property

Chosen Answer:
i do not know what my peers are concerned about. RUNNING a county tax accessor's office
is not free BECAUSE they keep records....as does the county recorder's office"

a; year any property was purchased. County recorder
b; value at time purchased--tax accessor as value is what a tax assessment is based.
c; name

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Puerto Vallarta Real Estate Market and Its Peculiarities

With the world in a turmoil following the effects of the recession, it is no longer safe to invest in the stock market. The rates of return from investments are getting lower and lower and everyone is in a quandary about their financial schemes. Surprisingly, real estate seems to be completely unaffected by the current economic situation in the world and properties are being bought, sold and rented perhaps at an elevated level. The Puerto Vallarta properties too is no different. The investors here are paid rich

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If I bought real estate lower than its total assessed tax value, can I have the tax re-evaluated (decreased)?

I live in Fairfax VA, and I recently bought some property for cheap, and it was below its assessed tax value. My taxes are pretty high right now, so I was wondering if there is a way to have my real estate taxes re-evaluated so my taxes will decrease?

Chosen Answer:
it is possible, i am in PWC.
You need to pull comps on at least 3 or more houses like yours that have sold recently. If all are down then there is a good chance to get a re-appraisal.
However if you bought it because of condition that can be restored and the value goes back

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Wednesday, September 28, 2011

Are you in favor of the real estate tax hidden in the health care reform bill?

There's a 3.8% tax everyone who sells a home valued at 0,000 or higher must pay, even if it's their primary residence and they use the money to pay off their mortgage or as a downpayment to buy another house. The money will be used to pay for one of the 9 new health care bureaus.
Last I heard, the high school drop outs at the bureau don't save lives.

Chosen Answer:
of course not, I own 3 houses in So Cal, I live in one and rent out the other two and I lease a plot of land on Lake Havasu, AZ, I have to lease it because its on an Indian

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What should I expect during closing? Real Estate

What is closing in real estate? Closing is a real estate term that involves the transference of ownership of a property from the seller to the buyer. Things done during closing involves clarifying any complex controversy, example balancing and verifying closing statement, signing of documents necessary for the buyer and seller to complete the transaction. The process to go through when closing: The cost of loans: As you apply for loan, you should get acquainted with the costs of the loan you are applying for.

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Tuesday, September 27, 2011

When does the town of Belmont, Massachusetts auction real estate property tax liens and delinquent taxes?

When does the town of Belmont, Massachusetts auction real estate property tax liens and delinquent taxes?

Chosen Answer:
Try calling the town hall and asking.
by: Common Sense
on: 29th March

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Niseko Real Estate; a Guide to Buying

Niseko Real Estate; a Guide to Buying Niseko is a fantastic ski resort and the property market here is booming; those that have been here to ski often decide to claim their own share of the 12 metres plus "champagne" powder snow that falls each year. But how easy is it to buy real estate in Japan? What do you need to look out for? And what legal differences are there in the real estate system? The purchase procedure The buyer firstly signs a Commitment to Purchase. This assures the real estate agent that they can take

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Monday, September 26, 2011

Check Out the Tax Bills, Utility Bills, and Leases Before You Buy

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What does a "Delinquent Real Estate Tax Notice" mean?

I googled my new bf and found his name on some list that is called Delinquent Real Estate Tax Notice and it lists the value and tax. What the heck is this? Thanks.

Chosen Answer:
it means the real estate taxes on property the b/f owns has not been paid and are in arrears, and the county publishes the list of property taxes that are in arrears
by: tro
on: 26th April

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Sunday, September 25, 2011

Do You Know What Estate Tax Is?

Most gifts are not subject to the gift tax and most estates are not subject to the estate tax. You must enter the details of the annual interest rate, the tenure of the loan, the yearly real estate taxes, and annual homeowner's insurance, second, if your estate is large enough to be concerned about federal estate taxes (currently in excess of million, million for a couple), then the amount of the tuition payments will be excluded from your estate upon your death.
In that case, prepaying the tuition costs resulted

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Quick Start: Find Your First Tax Foreclosure Property Today! (John Beck's Free & Clear Real Estate System) (DVD)

This "Quick Start" DVD is an introduction to John Beck's Free & Clear Real Estate System.



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Saturday, September 24, 2011

how do i go about find out what the property tax and real estate tax is on house.?

i need to find out where to look to find out how much the property tax is and the real estate tax is on a house i have no clue where to look i looked at cook county treasure and the cook county property tax but some of the websites you have to pay for that information i would like to find one that is free. would a real estate office be able to help us.

Chosen Answer:
Find the site that is hosted by your county. This information should be free. In my county, you go to the treasurers website and type in the property address. If your county

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Avoiding Capital Gains Tax On Real Estate - Some Important Tips

Real Estate is something that everybody wants, and invests in. One reason is to have your own house, and the other is to take advantage of a possible rise in real estate values. Both are subject to the laws regarding how it will be treated in real estate tax laws. Therefore, it is important to know something, if not everything about what are the tax laws governing real estate taxes. Of course, your tax consultant is the best person to brief you on this. This article skims over the surface of the tax laws. Remember

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Friday, September 23, 2011

Calculated Industries 3405 Real Estate Master IIIX Real Estate Finance Calculator

Financial calculator designed for real estate and mortgage professionals
Complete taxes and insurance for PITI payments; automatic sales price and down payment calculations; more
Plastic back, aluminum front, soft rubbed buttons
Includes 2 3-volt lithium batteries, pocket user guide, quick reference guide, protective slide cover
5-1/2 by 3 by 0-1/2 inches; display dimensions 0.86 by 2-1/2 inches; 3.2 ounces; 1-year warranty
Residential Real Estate Finance Calculator!

Works great as a gift, or for calculations not requiring buyer

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Thursday, September 22, 2011

Real Estate Tax Deductions

As an owner can, you need to save for ways to make money and earn income during the course of the loan to be found. As a homeowner, there are many ways to save money are entitled to tax deductions for the cost of ownership of a property. You also want the ability to get money.
http://www.lenderstree.pannipa.com/2009/11/18/real-estate-tax-deductions-2/
You can find books on how to reduce your property taxes and what deductions can you claim at the end of the year when you do your taxes. Take the advantage of homeowners

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How To Fight Higher Real Estate Taxes And Win!

One of America's Best Kept Secret! Only 2% of homeowners ever appeal their real estate taxes, but 80% of those who do get a Tax Reduction. Don't pay more than your fair share! In only 35 minutes, this video makes it simple, fast, and easy to start saving tax dollars now and for years to come. Tax consultants charge a lot of money for winning reductions, and they use the same secrets presented here. This video makes learning these secrets much easier than any tax book!



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General Info on Real Estate Taxes

Real estate taxes are known to vary with each state, but even so, they are based in their calculation on the outside structure of your home, as well as the surrounding specifications of your house. For instance, if the structure is all new, then your taxes will be set according to the equity on this house.
When it comes to taxes, they are always counting the outer parts of your home that include landmark, structure and other buildings that exist on the property. In case you own a barn then this is taxable as well as

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Wednesday, September 21, 2011

4 Basic Principles Of Real Estate Tax Law

Most of the people are nowadays big or small real estate investors. If you own a home then you can be considered as a real estate investor and you need to learn varous laws regarding real estate that could be of immense importance to you. Moreover, most of the laws that we should understand are very simple.
However, if you fail to understand these laws then you might suffer huge losses. Some of these basic principles are:
1) Real Estate Taxes Can Be Avoided While Selling Home- According to the law of real estate you

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Sunday, September 18, 2011

1031 Exchange Requirements In A Nutshell

1031 Exchange Requirements In A Nutshell

There is a straightforward strategy, 1031 exchange, for selling a qualified property and acquiring another one within a specified time period to qualify for deferred gain treatment, but certain 1031 exchange requirements have to be satisfied. Under 1031 exchange, a transaction gets treated as an exchange and not as a simple sale. The people who invest as well as exchange properties qualify for what is called like-kind exchanges. It is important that all property owners or real estate investors, who

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Saturday, September 17, 2011

1031 Exchange Requirements Preplaning

1031 Exchange Requirements: Preliminary Step
While the IRS guidelines list the official 1031 Exchange Requirements the most important unlisted requirement is is careful prior preparation the part of the taxpayer before commencing the exchange process. The preparedness requires meetings with an accountant, attorney, broker, lender as well as a Qualified Intermediary (the legally mandated middle-man who performs the exchange process) to set up the framework for the process..

To begin with, the taxpayer must ensure that the relinquished

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Thursday, September 15, 2011

3 Things Your Commercial Property Listing Must Offer

If you’re considering purchasing some sort of commercial real estate, the commercial property listing should include three things. These three things will help you make a more informed and savvy decision about the particular property and its investment potential.Anyone looking at property in today’s market knows that now, more than ever before in our lifetimes,it is truly a buyer’s market. While this isn’t exactly great news for those selling properties, it is fantastic news for that who are interested in

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Wednesday, September 14, 2011

Ideas To Minimize Capital Gains On Highly Appreciated Assets

Selling an asset that has appreciated considerably can be a bittersweet event. Usually much time is devoted to purchasing the asset at a low price and making a profit by selling it for a higher amount. However, how much of that profit is kept by the asset seller can be affected by capital gain's tax treatment.
Any profit realized by an American Citizen from the sale of an asset is usually taxable as a capital gain. This type of tax is often associated with the sale of real estate, stocks, life insurance policies in

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Tax-free exchanges under section 1031 (Tax management portfolios)

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Tuesday, September 13, 2011

Tax Benefits for Home Owners

California is a prime location for real estate investors and many people are seen to relocate here in search of new job opportunities. There is a constant demand for housing and many new constructions are happening everywhere in this State. New California homes offer a lot to homeowners in terms of comforts and facilities.

As a California home owner, you need to be aware of the taxes that you need to pay on your property. Paying taxes on your home property is a must as per the law and penalties apply for

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Apartment Investing: Assessing Motivation

As a real estate investor focusing almost exclusively on apartment buildings throughout the country, people often ask me what it takes to find motivated sellers. All buyers want to make intelligent investment decisions, and to do so investors must understand seller motivation-thus the question.
One of the most important principles for negotiating the purchase of a lifetime (over and over again) is to learn and understand seller motivation. They generally fall into one of four categories:


They need to solve a

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Monday, September 12, 2011

Leading cases on Australian income tax: Being the fifth edition of Australian income tax leading cases

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The Future of Self Storage

As we look to the future of self storage, it’s very clear that the future looks bright. There are a few trends afoot backed by solid industry data that justify my positive outlook on this high growth industry. These trends are as follows:
Increasing DemandThe U.S. Population is predicted to reach 400 million by the year 2050. All indicators show that Americans continue to be a highly mobile society with a high propensity to accumulate “stuff”. This means that as of the time of this publication, we stand

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Sunday, September 11, 2011

Reaping the Full Tax Benefits of Detroit Investment Properties

Investing in real estate provides ample benefits, ranging from passive income from rental properties to long-term value appreciation. However, another significant benefit of investing in Detroit real estate is the tax benefits, especially for those earners who fall into the high-income tax bracket.

Investing in Detroit Michigan real estate saves you extensively on your taxes – giving you the opportunity to use the saved taxes on more fruitful investments, or simply as an addition to your savings account.

The

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Finance (No. 2) Act 1975: With annotations to the income tax, corporation tax and capital gains tax provisions together with a survey of the whole act ... contributors, M. Sadikali, A. D. W. Bertram

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Saturday, September 10, 2011

Real Estate Exam Prep: Connecticut "Combo"-3rd edition: The Authoritative Guide to Preparing for the Connecticut General and State Sales Exams

Only book currently available with new (2009) PSI exam outline and current Connecticut exam.
Sample exams match PSI's detailed exam specifications for general and state portions.
Exam diagnostic chart to show strengths/weaknesses and guide further review.
Written by a test development specialist and former ETS and ASI testing company "insider."
This is an outline-ordered comprehensive, definitive review of material included on both the salesperson General and State portions of the licensing exam that is written in a direct, concise style

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Reverse 1031 Tax Deferred Exchange

If for some reason the investor is unable to sell the relinquished property within the strict 180 day deadline, the EAT will transfer title of the new property to the investor. The investor will end up owning both the replacement property and the relinquished property which was not sold. A failed reverse exchange will not result in a taxable event for the investor.This advice assumes you have significant savings in both taxable accounts and tax-deferred accounts so that you can choose which type you wish to withdraw

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Friday, September 9, 2011

Federal Income Taxation of Corporations & Stockholders in a Nutshell (In a Nutshell (West Publishing))

This edition has been completely revised to reflect developments in the Code, Regulations, and case law through August 2007. The text focuses on the corporation as a taxable entity and tracks the corporate life cycle from incorporation through complete liquidation. Includes discussion on nonliquidating distributions, redemptions, and stock dividends. Also addresses advanced problems in corporate taxation, such as taxable acquisitions, tax-free reorganizations and corporate divisions, and carryover of corporate tax attributes.



List

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Even Less Reason in 2010 to Withdraw From Your Tax Deferred Accounts

Since the residential real estate market in the Bay Area has softened, you consider selling your rental property to buy this shopping strip. You estimate that you would have to pay about 0K in federal and state income taxes on 0K of capital gain (M less 0K purchase price and selling fees, plus K in depreciation recapture). You just hate having to pay 0K to the government - money that may go toward your down payment on the shopping strip. There is a better way - a way to defer the income tax.Unfortunately, the

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Thursday, September 8, 2011

The Truth About Real Estate Agents Richmond

The main drawback of real estate is the liquidity (or lack thereof). While sales of real estate has been relatively rapid in the last two years, you should know that real estate has its ups and downs. In a different economic context, it is rare that a property is in the market for 6-12 months before a buyer is in viable condition. Therefore, those involved in real estate should be aware of liquidity risk in real estate. Real Estate Agents in Richmond Investing Profits are only half of whatEntrepreneurship is alive and

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Net Net Net Lease

Many investors are looking for a safe place to put their money with the wild fluctuations in the financial market. Stable, predictable investment vehicles are increasingly hard to find, but smart investors do have choices. One of the better choices is to invest in single-tenant, net-leased properties, which many investors also call a corporate bond combined with real estate investments that still make sense today. Here's what you need to know about single-tenant, net-leased properties: What is a single-tenant,

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Wednesday, September 7, 2011

Duty on income. A complete abstract of the Act of Parliament, passed January 10, 1799, for imposing a tax on all income, exhibited in a clear and ... of the different rates The fourth edition.

The 18th century was a wealth of knowledge, exploration and rapidly growing technology and expanding record-keeping made possible by advances in the printing press. In its determination to preserve the century of revolution, Gale initiated a revolution of its own: digitization of epic proportions to preserve these invaluable works in the largest archive of its kind. Now for the first time these high-quality digital copies of original 18th century manuscripts are available in print, making them highly accessible to libraries, undergraduate

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Calkain Companies Forms Net Lease Property Division

Reston, VA — Calkain Companies announces that it has formulated its newest division, Calkain Opportunity Services (COS). With a daily influx of conversations on how to maximize value of its client's property in the current market environment, Calkain felt it was important to formalize its procedures on how to handle this specific real estate dynamic. With the new division comes a new hire within the multidisciplinary commercial real estate firm. Todd Harrison, COS's Managing Director, will personally oversee the new

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Tuesday, September 6, 2011

How A 1031 Exchange Helps Real Estate Investors

Section 1031 in the Internal Revenue Service is a boon for a prospective investor, selling an investment property and wanting to make a profit by reinvesting in a similar property elsewhere in the country. This wonderful concept works on the principle of gain rolling from the old to the new.There is widespread ignorance on the modalities about this exchange; as a result, 30-40 percent of property owners end paying tax during the sale. Exchange 1031 not only fructifies into essential tax savings, but also makes

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Real Estate Handbook (Barron's Real Estate Handbook)

Updated to reflect real estate market conditions in today's post-subprime mortgage era, this comprehensive reference book covers virtually every aspect of buying and selling, understanding mortgages, analyzing real estate investment opportunities, getting and understanding appraisal reports, and more. The book's main features include-- A summary of federal legislation and regulations relating to real estate An overview and general description of careers in real estate A 400-plus-page real estate glossary with A-to-Z short-entry

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Monday, September 5, 2011

Transactional Service Charges - 1031 Exchange Fees, Costs and Charges

Transactional Service Charges - 1031 Exchange Fees, Costs and Charges Evaluation of the 1031 exchange transaction fees and costs charges by Accommodators is a complex and intriguing subject. This article will help us to understand some of the intricacies of the 1031 exchange fees, costs and other charges. The article - presents facts from the industry standards - Points out the adequate and practical fee limits - analyzes various fee schedules for better comparisons across the industry A point to ponder is that fee

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Assemble your Real Estate Investment Team

You have probably heard that real estate investing is a team sport. In order to successfully complete any type of real estate investment you will need many different skill sets that you personally may not possess. Your job as an investor is to gather highly skilled professionals and to be able to make profitable decisions based on the feedback you get from them, as well as efficiently manage your labor force in order to get the job done, and done right.
Let's talk about who you should have on your team, and let me

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Sunday, September 4, 2011

Income Taxes (how Real Estate Investors Minimize Taxes)

Income Taxes (How Real Estate Investors Minimize Taxes) Tax tips and tax help to assist taxpayers by describing optionsfor tax reduction and tax cuts through lawful tax deductions. Income taxes are too high. However, real estate investors have found many options to reduce the level of federal income taxes. Congress has provided a number of income tax benefits for real estate investment. These include depreciation, cost segregation, tax-free exchanges (1031 exchanges), casualty losses and capital gains treatment. Real

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Does this qualify as a 1031 exchange?

My wife and I are selling a two-family home, one unit in which we have also lived for the past seven years. We plan to purchase a one-family home. Our capital gains will be about 0,000. We plan on using this gain as the down payment for the new house. Is this considered a 1031 exchange? Will the sale of the two-family home be considered just capital gain because it is our primary residence?

Any help is greatly appreciated.

Thanks

Chosen Answer:
You do not qualify for a 1031 exchange in this situation. The concept involves selling one

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USA Tax Expert Needed, 1031 exchange question?

If I sell a house and buy another one with cash, can I do the 1031 tax exchange paperwork and the income tax paperwork myself legally, or am I forced by law to use an intermediary?

Chosen Answer:
you are forced by law to use an intermediary? The Qualified Intermediary (aka QI or Accommodator) is essential to completing a successful and valid 1031 exchange. It is the independent party that holds the funds between the sale and future purchase. A Qualified Intermediary should be bonded and insured against errors and omissions and employee

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Saturday, September 3, 2011

1031"Qualified Real Estate” Thy Name is Diversity

It is common to think of a 1031 transaction as one involving land for land or buildings for buildings. However, this is a tragic oversimplification.1031 transactions deal with “like-kind” property and in most people’s minds “like-kind” means both pieces of property are alike, such as trading land for land. But do not follow this train of thought when dealing with real estate; in the eyes of the IRS “like-kind” refers to all “qualified real estate”, opening the doors to a

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Another 1031 Exchange Company Bites the Dust

News reached me a few days ago from a friend at a major national commercial real estate brokerage that LandAmerica 1031 Exchange, a substantial firm in the 1031 business, is ?terminating operations? immediately. They have frozen customer accounts and are unable to meet customer withdrawal demands. Seems LandAmerica invested its customers? dollars in illiquid auction rate securities. So now all LandAmerica customers who have their hard-earned capital gains and principal with LandAmerica can?t access their funds and

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Friday, September 2, 2011

The Real Estate Investor's Tax Strategy Guide: Maximize tax benefits and write-offs, Implement money-saving strategiesAvoid costly mistakes,,Protect your investment.. Build your wealth

What?s Section 1031? How does it help property investment? Who qualifies for its benefits? These are the answers serious real estate investors must know - and are the kind of issues tackled in this one-stop resource. Property owners will find all the useful (and money-saving) information on real estate taxes they need, like how to: shelter rental income and earn the most from vacation properties; maximize expense and loss deductions; participate in Tenant-in-Common investing; preserve their wealth by protecting their assets; and much more!

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Effects of Tax Reform on Labor Supply (AEI Special Studies in Health Reform)

This work provides analysis of labour supply in response to reduced taxes on labour in the US. The author argues that the tax reforms of the 1980s stimulated an increase in men's labour supply.



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