Keyword: irs
Landlords with losses likely to be audited by IRS through 2016
Landlords under close watch by IRS In December 2010, the U.S. Treasuring Inspector General for Tax Administration (TIGTA) recommended that the IRS handle tax returns with rental real estate activity in a new, more scrutinizing manner. The recommendations were based on a 2008 Government Accountability Office study of 2001 returns which found that “at least” 53% of returns with rental ...
Homebuyer tax credit audit shows fraud in the millions of dollars
Tax credit system defrauded According to a report by the Treasury Department Inspector General for Tax Administration and internal Revenue Service, massive discrepancies have been identified. Although the homebuyer tax credit helped to stimulate the real estate sector, the system is apparently insanely simple to defraud. Millions were improperly paid out to people who applied early, and millions of checks ...
$8,000 Housing Tax Credit Screws 100,000 Home Buyers?
Dear home buyer, sucks to be you: If you are an agent assisting a buyer with applying for the $8,000 tax credit, you might want to advise them to have all of their tax returns in order and squeaky clean going back a few years because according to The Real Estate Bloggers, the IRS is auditing 100,000 home buyers who ...
New 2012 AGBeat media kit available now
- We know you want the most sophisticated audience, and here it is!
The Second Commandment Of Real Estate
Are you really an expert? Last week, The Stigliano Chronicles, covered my thoughts on being an expert and what it means to be one. Its a word we use all the time in real estate and something we all want to be recognized as. Today, I went to the experts for some education, advice, and new information. I admitted last ...
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
