It was a news-charged weekend as Greece announced further measures to calm markets including its intention to reach a primary surplus of more than 1% of GDP in the coming year and a new real-estate tax.
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Venizelos also explained a one-off real estate tax would be applied through 2011-2012, charged through the electricity bill.
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The experience of Fred Witt, a fit 58-year-old national director of real estate tax services at Deloitte Tax in Phoenix, mirrors many men's trouser trials.
Enabling Warren Buffett-inspired real estate investment pools with fair tax law with my simple repair job to Section 469 is just the ticket.
But in 2012 you need to be more than that: a real estate tax accountant, or a sales tax account or a high-income individual tax accountant.
With all these special breaks the best tax locale for a retiree isn't necessarily the same as for a working stiff, particularly when high real estate levies in some income-tax-free states are considered, says Thomas Wetzel, president of Retirementliving.com, which tracks taxes by state.
"I'm not a fan of sticking real-estate companies in a trust so you don't have to pay corporate tax, " said activist hedge fund investor William Ackman of Pershing Square Capital during a recent real-estate conference sponsored by New York University.
Single-family housing starts hit their highest level since the first-time homebuyer tax credit sparked residential real estate demand back in April 2010, helping housing starts hit an annualized 750, 000 in August.
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Real estate rentals are specifically excluded from self-employment tax.
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What makes Silverman's decision more than a neatly timed home sale is that he is effectively shorting the real estate market--and getting a capital gains tax break whether he is successful or not.
While Congress took away tax breaks from private syndicates, it turned over real estate pool tax breaks to bigger players and campaign contributors on Wall Street with new tax-advantaged REITs (real estate investment trusts).
Mr. Miller says the Facebook co-founder's real tax worry should have been estate and gift taxes even though Mr. Saverin is only 30 years old.
These firms, including income tax preparers, real estate agents and Internet-based companies like LegalZoom, say they don't offer legal advice.
It's a bit of a stretch, considering that these tax-favored vehicles generally own only real estate or loans on real estate.
And that specific recommendations would be made--including selected stocks, or special real estate deals, or fabulous tax shelters.
Industry officials say a major change in REITs' tax status would send shock waves through the real-estate world.
Either way, your real estate holdings are taxed on a pass-through basis: no income tax is paid at the property level, and you pay personal income tax at ordinary income rates.
They took over housing and other real estate loans, moved the assets quickly, turning them into tax-paying properties again and made money for the government.
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As state senator, he acted upon a strong real estate interest, co-authoring an Illinois law creating a new pool of tax credits for low-cost housing developers.
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Japan has a tiny number of lawyers, but it also allows non-lawyers to handle many of the routine tasks like tax and real estate advice that U.S. lawyers zealously guard for themselves.
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Keith Pomroy , editor of SNL Real Estate Securities Monthy, says that even if corporate dividends enjoy tax-free status at the individual level, REITs, which are required to pay out at least 90% of their income, will continue to enjoy advantages over other investments, from an income perspective.
They will search public records for evidence of additional unreported income, tax assessor and real estate records for assets held by the non-filer, and records of professional associations and business license bureaus for information on businesses being operated by the non-filer.
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But property-tax collections have been lower than expected, given lower rents and real estate values.
Real estate in India is full of off-the-books transactions, the better for tax dodges and to avoid once-prohibitive mortgage terms.
That means you can deduct 335 days of those two big-ticket items on Schedule A of your tax return (subject to losing the real estate tax deduction in the AMT).
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