In 1980, Congress enacted the Foreign Investment in Real Property Tax Act (FIRPTA), 26 U.S.C.S. 1445. The law provides that if a seller of real property is a “foreign person,” the buyer…
Tag: Tax
An Investor’s Guide to Investment Property Tax Deductions
Maintaining investment properties may reduce the investor’s income taxes when certain expenses related to the investments are deducted from his income. Expenses relating to the maintenance of rental property are generally deducted…
Navigating the Process of One Motoring Renewing Road Tax
In the realm of vehicle ownership and maintenance, staying up-to-date with road tax renewal is a crucial responsibility for every motorist. In Singapore, One Motoring serves as the central hub for various…
Quiet Title: The Downside to Tax Deed Investment
At a time when the economy is in sore shape and the real estate market has seen better days, it is only natural that investors would look for new ways to profit…