President Donald Trump is set to announce what he’s calling a “tax reform and reduction” plan on Wednesday, and the longtime real estate mogul wants to slash the corporate tax … Click to Continue »
Winning recordkeeping, losing recordkeeping. The IRS wins most cases in Tax Court involving taxpayers whose real estate rental losses have been […]
Well, Trump didn’t leave town for the weekend, but he made sure to stop in at his DC hotel, probably for a ruined steak, and maybe so that he can keep claiming to be a real estate professional on his taxes. And his “administration” spent the weekend insisting they were serious about holding health care hostage for construction money for the wall. Show More Summary
"Trump said he knows where the loopholes are, but so far he hasn't proposed closing any of them," Mr. Rosenthal said. "Maybe he will. But so far he hasn't made any of the hard decisions that would show he's willing to close the loopholes that benefit him in order to make the tax code more fair and efficient."... Show More Summary
Real estate interests have shown their lobbying prowess, and the president has embraced positions that would benefit developers and complicate changes.
Non-resident foreign nationals buying real estate in Toronto and surrounding areas will pay an additional property transfer tax of 15 percent under legislation proposed by the Ontario government. Ontario Premier … Click to Continue ...
In this video, Peter Lorimer of PLG Estates explains what a 1031 exchange is in real estate; 1031 refers to tax code. It means you can sell a property and not have to pay as much in taxes...
Tory says he plans to discuss Toronto's lagging rental supply, a vacant property tax and the lack of real estate data The post Toronto Mayor John Tory lays out priorities for housing meeting appeared first on Macleans.ca.
Back in November, Governor Andrew Cuomo announced that he'd brokered a handshake deal between real estate interests and construction unions, in order to revive a controversial developer incentive with affordable housing provisions. Branded...Show More Summary
When Donald J. Trump was crafting his campaign tax plan last year, one of his top economic advisers proposed an idea that would have made it harder for real estate moguls to use mountains of debt to make deals. Trump, who made his fortune as a property developer and earned the nickname "the king of debt," scoffed at the suggestion. Show More Summary
ATTOM Data Solutions has scoured county-level property tax records from across the country to figure out exactly who is getting punished the most on their real estate taxes. To our complete 'shock', the resulting map looks eerily similar...Show More Summary
NEW YORK (Reuters) - The assistant to a billionaire real estate developer from Macau accused of engaging in a scheme to pay bribes to a former United Nations General Assembly president pleaded guilty to a single tax charge on Friday...
Property owners in Alabama paid a median of just $556 in real estate taxes in 2015. The state sales tax rate is also a relatively low 4 percent, but there may be additional local sales taxes in some areas of the state. Alaska is the only state with no state income tax and no state sales tax.
There are other real estate-related tax incentives that might not be as familiar.
This year, taxes for individual agents like yourself are due on April 18. Many of us still haven’t filed. But now that April is just around the corner, it’s time to get your paperwork together and finally sit down with those taxes.....
If you want to know who really benefits from the real estate tax abatement known as 421-a, look no further than a lawsuit
New York City Mayor Bill de Blasio urged state lawmakers to raise taxes on the state's wealthiest residents and allow his city to tax high-end real estate sales Wednesday, days … Click to Continue »
You can see the division in the streets: Some citizens walking around with hands in pockets, whistling jauntily, not a care in the world, while others sacrifice their posture, health and stress levels worrying about what's to come.....
Via Stephen Punwasi of BetterDwelling.com, Runaway real estate speculation has been filling global capitals with vacant homes, creating artificial shortages in the world’s most sought after cities. The “shortage” has made local home owners wealthy overnight, but it comes at the cost of turning lively cities into empty shells. Show More Summary
An oil pipeline company wants the $44.7 million assessed value of its real estate and personal property in South Portland to be reduced 42 percent. The Portland Press Herald reports … Click to Continue »