Search results for "trust funds" | firsttuesday Journal

Income tax categories

Posted by ft Editorial Staff | Oct 10, 2006 | Real Estate |

This article discusses the three income categories for segregating the income, profit and losses resulting from property ownership, and the rules for determining the tax consequences within each category. The many types...

Opinions with erroneous conclusions

Posted by ft Editorial Staff | Oct 10, 2006 | Real Estate |

This article discusses how an opinion formed by a broker or his agent, given to a prospective buyer to predict a future event or activity regarding the use and operation of a property, might impose liability should the opinion...

Overview of the LLC

Posted by ft Editorial Staff | Sep 9, 2006 | Investment, Real Estate |

This article examines the formation and taxation of a limited liability company (LLC), and the conversion of an existing limited partnership to an LLC. A limited partnership vs. the LLC A limited liability company (LLC) is a...

Equity purchase investments

Posted by ft Editorial Staff | Sep 9, 2006 | Investment, Real Estate |

This article examines the equity purchase (EP) restrictions which must be known and applied by all investors who purchase owner-occupied, one-to-four unit residential property during a foreclosure. The home equity sales scheme ...

Seller financing diminishes tax impact

Posted by ft Editorial Staff | Aug 8, 2006 | Real Estate |

This article presents the favorable impact installment sale reporting has on a carryback seller who finances the sale of his real estate. Installment sale defers profit reporting A seller who is older and has owned real...