The U.S. Supreme Court ruled against the Boston-based Wayfair Inc. in 2018, determining that states could levy sales tax upon internet retailers who are based in other states. The court also suggested that there should be a checklist of rules that go with this new tax law.
There are two sides to the gentrification issue. Many homeowners love it because they buy a property and the value goes up as new services come in, neighboring properties are better maintained and the neighborhood becomes safer. The flip side is that residents who may have roots in the neighborhood for generations can be displaced because of escalating rents or taxes.
The IRS provides a lot of helpful information, but it is not always clear whether making certain tax deductions are legitimate. The web site is a good place to start, but it does not provide all the answers. Smart filers want to get the maximum number deductions to reduce the amount they are obligated pay but there are ground rules.
Texas property owners or potential buyers may find themselves surprised to learn about specific types of complications that can affect how they use and enjoy a specific piece of land. Easements can affect property use, and both owners and potential owners would be wise to find out about any potential easement before moving forward. As a buyer or owner, it could be important to know what an easement means and what you can do about it.