Does a homeowner receive a refund for taxes paid when their property value is too high due to an incorrect assessment?
Greenspan v. County of Los Angeles Facts: A property owner demolishes the improvements on the...
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Category: Tax
Income tax updates for 2024, with whiplash from 2018-era tax changes
Some relief as tax brackets adjust to inflation — but the bracket creep will get you.
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Is an LLC which is solely owned by a government agency and takes title to real estate exempt from payment of a documentary transfer tax on acquisition?
CSHV 1999 Harrison LLC v. County of Alameda
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Form-of-the-Week: Preliminary Proposal and Exchange Agreement — Forms 170 and 171
An agent uses RPI Forms 170 and 171 to propose an exchange of properties to another agent and to negotiate the exchange of properties.
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Is a buyer entitled to a reduction from the fair market value (FMV) of a property acquired from a city when their purchase agreement included a below-market leaseback agreement?
290 Div. (EAT) v. City and County of San Francisco
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Energy efficient tax credits for housing
Uncle Sam is ready to give homeowners a discount on their income taxes for making specific types of energy efficient improvements.
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Form-of-the-Week: INTAX and §1031 Profit and Basis Recap Sheet — Forms 351 and 354
An agent uses RPI Forms 351 and 354 when negotiating a sale or §1031 reinvestment plan.
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What you need to know about LA’s new “mansion tax”
Now that the mad scramble to beat the tax deadline is behind us, what do agents need to know about the new mansion tax?
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Capital gains on real estate sales, explained
Capital gains taken on the sale of real estate are taxed differently than ordinary income.
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Property exchanges when Cash is King
Agents who want to stay a step ahead during the housing market downturn will become versed in property exchanges.
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May a local agency impose a special assessment for coastal improvements on beachfront parcels without considering the benefits to the general public?
Broad Beach Geologic Hazard Abatement District v. 31506 Victoria Point LLC
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Top 10 tax scams to avoid during the recession
The latest fraudulent and abusive tax schemes real estate professionals need to know.
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Form-of-the-Week: Request for Notice of Mello-Roos Assessment and Notice of Your Supplemental Property Tax Bill — Forms 137 and 317
Agents use RPI Forms 137 and 317 to notify prospective buyers about the supplemental property taxes and bonded indebtedness they will receive upon transfer of ownership.
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Brokerage Reminder: “’Cause I’m the taxman, yeah I’m the taxman”
A weekly reminder to stay on top of your practice!
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Spill-over from rising interest rates impacts carryback arrangements
Beyond the immediate impact of rising interest rates on home prices, higher rates are also spilling over into other facets of real estate.
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Property taxes leap in 2020-2021
The past year’s homebuyers are shouldering a significant chunk of their communities’ property taxes.
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Tax Benefits of Ownership: taxes on repossession
The following excerpt is from the current edition of Tax Benefits of Ownership, which gives an...
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Tax Benefits of Ownership: inflation, appreciation, and taxes
The following excerpt is from the current edition of Tax Benefits of Ownership, which gives an...
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Tax Benefits of Ownership: income categories
The following excerpt is from the current edition of Tax Benefits of Ownership, which gives an...
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Tax Benefits of Ownership: the sales price
The following excerpt is from the current edition of Tax Benefits of Ownership, which gives an...
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