I never recieved a check from them because it was a commision sales job and I was on a draw. When the sale happend. I never recieved the money because I was behind in my draw, there for the company kept my money. I never recieved funds from this Company in 2006, Yet they sent a 1099 stating I recieved $12,000. I actualy recieved the commission in2005. Is this legal? I think I am being screwed. I sell real esate. Can anyone help
FLETCHER
I bought a new house and havent sold the first one yet? Can i deduct mortgage interest from both? What about real estate taxes? Both houses are in NY city.
EDGAR
I plan on getting a real estate license for the education and qualification when managing my private real estate investment career.
Where/how do I deduct these costs on my taxes? Eventually I’ll set up a real estate company where I could deduct them, but that won’t be set up for a while.
Thanks.
ELISEO
A lien was recently [July, 2007] placed by the IRS against a piece of Real Estate in New York that is owned by an Estate that I am the Executor of.
How long do I have from the time the lien was placed by the IRS to the time that the IRS forces the property for sale or auction? If the property is forced for sale or auction by the IRS is there some type of redemption period that I have?
The Estate does not want me to sell the Real Estate.
The estate will be able to pay the IRS what it owes within three months. Do I have that much time before the property is placed to auction or sale?
GAVIN
I purchased a home in October, 2007. My monthly mortgage payment includes my county, state, and school taxes (they are placed in Escrow).
Apparently my tax payments will be paid out of escrow in April, May and August of 2008.
Does that mean that I can not claim real estate for my 2007 return?
(At closing, I did have to reimburse the seller for real estate taxes he had already paid up to Dec. 31.)
CARTER
