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  • Sullivan County Tax
    Sullivan County officials are holding a series of meetings to discuss imposing an economic development income tax of point-3 percent on wages.Comment
  • Life's Tax Advantages
    Life insurance has exceptional income tax characteristics. Here are three situations where the tax advantages can benefit you.
  • Open Tax Solver 4.06 (Default Branch)
    OTS is an easy program for calculating personal income tax form entries and taxes-owed or refund due. It handles forms such as US-Fed-1040, with forms A, B, C, D, AMT worksheets, and state income taxes, as well as Canada and UK income taxes. License: GNU General Public License (GPL) Changes: State Tax updates for VA, OH, and NY for 2006 were added. The OTS package also contains US 1040, with Scheds. A, B, C, D, and updates of State Taxes for MA, NJ, PA, NC and CA for 2006. Some improvements were made to the GUI.
  • Felon-turned-philanthropist Set To Admit Tax Fraud
    A felon-turned-philanthropist who pledged reward money in several high-profile crimes will admit that he failed to report more than $4 million in income and illegally possessed a handgun, court documents state.
  • Efile Tax Returns Still Offline
    The Canada Revenue Agency says a computer glitch may keep itselectronic filing system for income tax returns out of service for afew more days.
  • Income Tax Option Not Great For City Schools
    When you hear that the Dayton school board is seeking a property tax levy of 15 mills, one reasonable thought is, Isn't there a better way? The hike would come to about $25 a month for people who have the ...Comment


Seller Benefits



As a prospective seller, are you burdened by being...


* Over encumbered?


* Upside down in a rental property?


* Faced with foreclosure or short sale?


* Tired of waiting for a buyer?


* Drowning in expenses on a 'don't wanter'?


* Facing tougher monthly payments?


* In need of a fast escrow?


* Tired of income property management and negligent tenants?


* Fed up with negative cash flow on your rentals?


* Hoping to avoid assessment of probate and gift taxes upon your heirs?


* In need of a legal shield against liens, judgment creditors, bankruptcy, divorce actions (even IRS tax liens)?


The North American Realty Services Equity Holding Trust™ is the Answer! Less Costly. Safer. Simpler - for any seller willing to remain on the loan, while someone else makes all the payments and handles all the costs of maintenance, management, repair and upkeep.


A truly dynamic and logical alternative to Short Sale or Foreclosure:


* Avoids any income tax on Debt Relief while averting credit record damage.


* Eliminates the costly pitfalls of renting or leasing the property.


* Stops the expense of negative cash flow, maintenance and vacancies.


* Lessens costs of disposition, in that buyers can share in closing costs and real estate Commissions.


* Circumvents income tax on capital gain. Shields all parties against tax liens, judgments, bankruptcies and marital disputes.


A safe and extremely effective and prudent way to dispose of unwanted property, or to manage Single Family Residence property.


* Sale Tax Benefits


* Eliminate management and maintenance costs


* Profit while someone else makes the payments and handles the maintenance and repairs


* Accomplish all modes of seller-carry financing without due-on-sale violation


* Legally shield the property


www.wantfullprice.com


Brandon Koon Buys houses at full price on lease option agreements using the NARS land trust.

www.wantfullprice.com




The general information in this publication is not intended to be nor should it be treated as tax, legal, or accounting advice. Additional issues could exist that would affect the tax treatment of a specific transaction and, therefore, taxpayers should seek advice from an independent tax advisor based on their particular circumstances before acting on any information presented. This information is not intended to be nor can it be used by any taxpayer for the purpose of avoiding tax penalties.

 

 

 

 

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