In addition, the transferor is required to file a federal gift tax return (Form 709) for any transfer of property that exceeds the annual exclusion amount (currently $14,000). Since most real estate is worth more than $14,000, the transferor is usually required to file this return when t...
Michele G. Evans
When Giuliani filed for bankruptcy, he listed nearly $153 million in existing or potential debts. That included nearly $1 million in state and federal tax liabilities, money he owes lawyers and millions more in potential judgements in lawsuits against him. He estimated at the time he had assets...
Some Things to Consider The $50,000 property tax exemption applies only if you are a Florida resident and live in that home. It might not apply if you move to Florida but maintain a home in another state and only spend certain months in Florida. If you don't keep another home, it's...
Last 3 years Federal Tax Returns required. Intangibles Tax and Doc stamps are still exempt under this program. Mortgage Deeds are NOT exempt. Maximum LTV 97%- 105% CLTV No cash back at closing, any excess funds will be used to pay down first mortgage. ...
Fla. Stat. 196.031requires a taxpayer’s entitlement to the homestead exemption to be determined as of January 1st of each tax year. Notably, the statutes do not expressly require the taxability of other types of property to be determined as of January 1st. However, Florida courts have held...
Valencia del Sol is designed for residents aged 55 & older, and is intended to meet the exemption under the Federal Fair Housing Act. Valencia Sound is being developed and sold by Boynton Beach Associates XXVI, LLLP, a Florida limited liability limited partnership. This is not an offering in...
Whether a personal injury settlement is entirely or partially subject to federal income tax depends on the type of compensation the injured party receives. Personal injury damages fall into different categories, such as compensatory damages. These types of damages may compensate for things like lost ...
Diesel Wynwood Condominum In Miami Florida. The bohemian loft-style architecture is a tribute to the iconic Soho neighborhood in Manhattan...
individual has started employment or engaged in a trade, profession or occupation in the state; enrolled their children in the public schools; registered to vote; filed for homestead tax exemption on property in the state; or lived in the state for a period of more than six consecutive months...