Taxes

Tax Evasion In Real Estate Partnerships Is Huge According To Expert

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!With the record rise in residential and commercial real estate over the past few years their has been a great deal of profit for real estate partnerships. Now a former IRS agent and specialist in partnership taxation says that […]

7Dec2007 | Tom Royce | 2 comments | Continued

Florida Agency Teams Up With European Real Estate Network

With a weak dollar and a morbidly slow market in Florida, the real estate firm of Michael Saunders and Co. has teamed up with the European Real Estate Network. This alliance is a smart move. With slightly declining prices in US dollars and rapidly declining prices in British Pounds or Euros, real estate in the […]

6Nov2007 | Tom Royce | 6 comments | Continued

Some Examples of How Local Governments Are Trying To Replace Real Estate Tax Revenue

As we talked about yesterday in the post Local Government and Their Lust For Property Taxes, local governments are facing a reduction in property tax revenue. These politicians will not reduce the spending they have on the books unless their is a full blown revolt by the taxpayers. So the only option is to raise taxes elsewhere.
Here […]

5Nov2007 | Tom Royce | 1 comment | Continued

Local Government and their Lust For Property Taxes

The lust of government for your money is a known fact. They tax our income, our savings, our property, and our death. Nothing is sacred to these folks as long as they get their money. But one of the biggest cash cows for local governments has been the property tax. This allows the local governments […]

4Nov2007 | Tom Royce | 3 comments | Continued

Taxes and Real Estate - How Do They Affect Each Other?

The Cato Institute has released this chart on taxation and income levels. It shows that the Bush tax cut has lowered the tax rate across the income spectrum from the richest to the poorest demographics.

On the top end of the income chart lower taxes means more disposable income possibly creating new home sales but we […]

15Oct2007 | Tom Royce | 1 comment | Continued

New Jersey To See Higher Property Taxes Because of Slowdown

Government is a beast that just feeds on itself.
New Jersey has some of the highest property taxes in the country but the politicians can only see what they can not spend. During the run up of housing prices these politicians grabbed every possible dollar and added services to buy votes work towards their self aggrandizement. […]

1Oct2007 | Tom Royce | 2 comments | Continued

Using a Self Directed IRA To Invest In Real Estate

Having your IRA in stocks and bonds is the traditional way of investing for your retirement, but using the IRA to invest in real estate is gaining traction. While using your personal IRA to invest in real estate is not a easy proposition like buying a mutual fund, the benefits can be much greater as long […]

9Jul2007 | Tom Royce | 8 comments | Continued

Congress Decides Taking Money From Freddie Mac and Fannie Mae For Housing Fund

Is there any money that is out of the new Congress’s reach? Fannie Mae and Freddie Mac, the two quasi public private mortgage funding companies are facing the long arm of Congress reaching into their pockets to the tune of 500 million dollars a year to fund new housing initiatives.
The hypocricy is that these […]

30Jun2007 | Tom Royce | 2 comments | Continued

Orlando Politicians Panic’ed Over Lost Revenue and Start Making Dire Warnings

The one truism in life is if there is tax money available, politicians will spend every penny and then a couple more. And if they have to cut back, the first cut backs will be the ones that hurt the tax payers the most so they will agree to higher taxes. The city of Orlando […]

6Jun2007 | Tom Royce | 0 comments | Continued

New Hampshire Real Estate Transfer Tax Down 21 percent

Governments that decided to finance their bloated budgets on the back of real estate taxes are starting to feel the pain. Todays installment, New Hampshire, saw a drop of 32 million dollars in transfer tax revenue as housing slowed.
Now when homeowners in the Granite State start appealing their assessments on their property tax the state […]

12May2007 | Tom Royce | 0 comments | Continued