laws existing in many states, an escrow holder cannot disburse funds not actually in his possession. Further, in directing an escrow holder to disburse funds for the purchase of the replacement property, it could be contended by the IRS that the investor had what is considered “constructive receipt” of the proceeds of the sale, and therefore taxes on the gain would be due. However, the 1031 regulations contain what is referred to as a…
Filed under Tax Refunds by on Nov 15th, 2009. 
itect and structural engineer. Very important if you insure your property later on, as many insurance companies will contest any payouts for damage or problems, if the property construction was not carried out by professional people and/or was not designed by a qualified architect and checked/signed off by a structural engineer. So make sure it is. ·Make sure the architect provides you with a complete set of detailed plans and will provide copies…
Filed under Tax Refund Usa Tourist by on Mar 30th, 2011. Comment.
. We also have a very special deal that we’re going to be telling you about a little later in the show, and also a couple of workshops coming up so we’ll get to that. But I do want to start with, you know a lot of people are in a frenzy, it’s the last week here, taxes are due next Wednesday and some people may be thinking that there’s nothing I can do now with the numbers. But apparently that’s not true, you can stil…
Filed under 60 Second Tax Refund by on Mar 1st, 2011. Comment.
e and buy a property in 2009, can I use the tax credit from my 2008 tax return?Sure. The law permits taxpayers to select (“elect”) to treat certified house purchases in 2009 as if the purchase occurred on December 31, 2008. This means that the 2008 earnings limit (MAGI) applies and the election accelerates when the credit can be claimed (tax filing for 2008 returns as an alternative of for 2009 returns). A benefit of this election is …
Filed under Tax Credits by on Mar 9th, 2011. Comment.
of homeowners appeal each year. Research indicates five primary reasons homeowners do not appeal: 1.The process seems overwhelming and they do not know how to appeal, 2.They do not think an appeal is likely to be successful, 3.They think their home’s assessed value is below market value and there is no basis for appealing, 4.They do not understand they can appeal on unequal appraisal, 5.They are busy and do not want to set aside time, give…
Filed under Tax Refunds by on Jul 21st, 2009.