Archive for April, 2009
slider_20012003 asked:
I have been seeing allot of John Beck infomercials lately on, how to buy real estate “free and clear” through tax lien certificates. It has caught my attention. How easy is it to buy real estate this way? There is obvously a catch, otherwise everyone would be doing it.
Ermelinda Emo
I have been seeing allot of John Beck infomercials lately on, how to buy real estate “free and clear” through tax lien certificates. It has caught my attention. How easy is it to buy real estate this way? There is obvously a catch, otherwise everyone would be doing it.
Ermelinda Emo
tygger asked:
I purchased my first place about 6 months ago and just received my first real estate tax pro-rated bill showing my assessment value.
I purchased my first place about 6 months ago and just received my first real estate tax pro-rated bill showing my assessment value.
The assessment value on the bill was about 2/3′s of what I paid for the place. Is that normal or did the value drop that drastically in the past 6 months?
Curt Fondriest
Magnix2k asked:
After my dad dies, I have sold my dad’s 14 rental houses and distributed the money to my siblings (and myself). Do I need to pay pay inheritance tax on what I’ve received from those houses? Its about $75K in hand.
After my dad dies, I have sold my dad’s 14 rental houses and distributed the money to my siblings (and myself). Do I need to pay pay inheritance tax on what I’ve received from those houses? Its about $75K in hand.
I understand I DO need to pay taxes on rental incomes.
Thanks!
Whats capital gains taxes??
We live in Texas.
Margene Manthey
Bdd asked:
Ok so I am 14 and I am reading Cash flow Quadrant by Robert Kiosk. He said he used a tax lien which I think means he payed the property taxes for that house but as soon as the owners stop paying he can get the housed for as little as $3500. Is this right?
Whoops it is Robert Kiyosaki=]
Daren Hildreth
Ok so I am 14 and I am reading Cash flow Quadrant by Robert Kiosk. He said he used a tax lien which I think means he payed the property taxes for that house but as soon as the owners stop paying he can get the housed for as little as $3500. Is this right?
Whoops it is Robert Kiyosaki=]
Daren Hildreth
flash asked:
Assuming I have 3 heirs with equal shares of my estate and my estate is worth 3 million, each heir would receive 1 million. This years estate federal tax exemption is 2 million so my question is that since each heir receives 1 million, would they owe estate tax ? Based on what I have read, I believe there would be no tax on my estate but want to verify. Thanks in advance for help.
Leroy Leroy
Assuming I have 3 heirs with equal shares of my estate and my estate is worth 3 million, each heir would receive 1 million. This years estate federal tax exemption is 2 million so my question is that since each heir receives 1 million, would they owe estate tax ? Based on what I have read, I believe there would be no tax on my estate but want to verify. Thanks in advance for help.
Leroy Leroy
george_a_lutz asked:
Is it correct to say that the estate tax on estates over $1million and under $2 million is 1.6%?
Is it correct to say that the estate tax on estates over $1million and under $2 million is 1.6%?
My source is this: http://en.wikipedia.org/wiki/Estate_tax_in_the_United_States
Looks like the max estate tax is now 23%.
My only confusion is regarding the Tentative Tax discussed in this same article in which the rates are much heavier. I guess I’m asking how does that Tentative Tax relate to the estate tax?
Thanks for any advice!
Sofia Lorance









