Archive for April, 2007

What are the downsides to dealing in Real Estate Tax Liens?

Monday, April 16th, 2007

John H asked: There are a number for programs that talk about buying house for $.10-.15 on the $1, but they don’t address the negative aspects of this type of real estate transaction. What are the pitfalls and why don’t more people do this? I’m assuming there are more legal issues but would [...]

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What type of tax are estate taxes?

Sunday, April 15th, 2007

harkkam asked: Are estate taxes, progressive, regressive or flat. Its for Homework.
Yes I am a strong liberal and I think that telling me that just because I envy that thats a unfair reason, and thats why taxes should be abolished. Lawyers dont really work anyway so dont worry about saving them time. Only the super [...]

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Can I claim real estate taxes on my annual tax return for IRS if I’m on the deed but not on the mortgage?

Thursday, April 5th, 2007

pc asked: There is a deed to a home that is listed under my mom and dad. My dad just passed away and now I want to take him off and put myself on with my mom.
I will however not be refinancing the current mortgage which only has my mom on it.
Will I be able [...]

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