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Accounting. Audit and Tax
 CPAnet Forum : Accounting. Audit and Tax
Subject Topic: Property Tax Question (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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vicky
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Joined: 21 Jan 2009
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Posts: 211
Posted: 13 Feb 2009 at 23:28 | IP Logged  

Now you are mixing up deed of trust and deed (what is a title deed?)- these are NOT interchangeable items and how you can assign these to different people. I am sorry and I am not going to correct this again or respond to any more of this because it is going nowhere. I am not a mortgage broker. Being a lender myself, I will only tell you again that you are incorrect with the 12 payments - I have no idea where this comes from. Since it is all not that straightforward as you claim, Bubzeebub192 should suggest the taxpayer to get legal counsel. Potentially large amounts of money are at stake and I have seen a lot of stupidity out there and people losing it all. The title company can usually also be very helpful to in giving guidance.
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Bubzeebub192
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Joined: 28 Aug 2005
Location: United States
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Posts: 1719
Posted: 22 Feb 2009 at 23:44 | IP Logged  

The IRS, and other tax professionals, have also said that the tax nor the interest are deductible.  I've suggested the taxpayer contact the attorney who is handling the case.  I will reply back and let you all know what the outcome is. 

Edited by Bubzeebub192 on 22 Feb 2009 at 23:45


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jesuscole
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Joined: 13 Mar 2009
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Posted: 13 Mar 2009 at 09:24 | IP Logged  

hi am jesuscole newbee here… hope I enjoy here with you
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vermdivya
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Joined: 30 Mar 2009
Location: United States
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Posts: 6
Posted: 30 Mar 2009 at 19:59 | IP Logged  

Good Questions, I have .ppt files how can i submit on
this forum, this may help you to newbiee

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