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Katrina Emergency Tax Relief Act of 2005 – Good summary from QuickFinders of the new law that was just signed by Bush.
Withholding Required on Certain U.S. Real Property Transactions Involving Foreign Persons, IRS Warns – This isn’t a new requirement; but it appears that some people are forgetting to do their duty in reporting these sales to IRS and sending them the 10 percent of the sales price that is intended to motivate foreign sellers to file USA tax returns. Using options and contracts to control real estate is not a legal way around this requirement.
Hitting a Profit 'Sweet Spot' From Property Flipping – More developers are including restrictions in their sales contracts, requiring buyers to either hold onto the property for a minimum amount of time and/or share their resale profits.
The Feds bust some Florida tax scammers who used a variety of idiotic strategies to help their clients cheat the government. – Is this another slam at the intelligence of Floridians? Only blooming idiots would fall for these screwy ideas.
Three Signs Your Blog May Attract Buyers – Some obviously big pros and cons to selling out to bigger companies.
FYI: This blog will never be for sale because no amount of censorship or control can be tolerated. Of course, as I’ve long said, I am curious how strong my principles of independence would be in the face of very big money offers. Namely, is there an amount of money high enough to break my resistance? I have turned down dozens of potentially very lucrative kickback offers over the decades to endorse questionable investments. Would I be willing to decline a million dollar cash offer to sell out this blog?
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- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 9/27/2005 03:44:00 PM Send this post:
