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Receiving stock in lieu of compensation could potentially cause a few issues come tax season. Find out about tax issues in receiving stock in lieu of compensation at work with help from a certified financial analyst in this free video clip.
Severance taxes are not income taxes and should not be treated as such. Find out about severance tax issues with help from an attorney in this free video clip.
After a person has died you may have to sell their home at auction. Sell a home at auction after someone has died with help from an attorney in this free video clip.
There are many common questions that people have in regards to the phenomenon of house flipping. Get answers to the top ten questions regarding flipping houses with help from a real estate professional in this free video clip.
When giving an appraisal on a piece of property you want to make sure you look for all the right things. Give an appraisal with help from a real estate professional in this free video clip.
Settling an estate can be a long and messy affair, and an executor is entitled to monetary compensation for the considerable time and effort that goes into it. If you’re named as executor of an estate, you have the right to refuse the job, but most people feel that being an executor is an honor as well as an obligation, and they're reluctant to turn down the request. If a person dies intestate, or without a will, a court will appoint an administrator, who is similar to an executor and has the same responsibilities.
Vornado makes whole room heaters and personal heaters, both which run on your home’s electricity. Unlike some other room heaters, Vornado heaters have a fan to circulate the warm air around your room as they run. If your Vornado heater is malfunctioning and the warranty is expired, you can take it apart to find out what’s wrong. Because the heaters are small and relatively simple, they aren’t difficult to dismantle.
The investment strategy for distressed real estate is a very specific one that yields some interesting results. Find out about the investment strategy for distressed real estate with help from a real estate professional in this free video clip.
Reconciled market value in real estate is one number that you're not going to want to forget. Find out about reconciled market value in real estate with help from a real estate professional in this free video clip.
When you're a buyer, one thing you should be on the lookout for is a good cap rate. Find out what a good cap rate for a buyer is with help from the manager at an independent investment advisory firm in this free video clip.
The amenities included in a home or real estate purchase can often influence the final decision of a prospective buyer. Arizona's year-round hot temperatures have resulted in a high incidence of residential swimming pools, and the presence or absence of a swimming pool can be a pivotal factor in a real estate transaction.
Real estate investments generally require some number crunching to assess their profitability. To succeed, investors must understand four calculations, beginning with the capitalization rate, which measures the actual value of a property. Gross operating and gross potential income are used to calculate profits based on total vacancy and occupancy rates, respectively. Net operating income takes the actual costs of property management into account and can provide additional information in making a purchasing decision.
Investors and companies commonly use cost ratios to assess risk and measure efficiency, productivity and value. Using their internal data, companies can measure the effectiveness of their operational activities as well as monitor trends and potential internal or external problems. An investor uses ratios involving cost and yield to calculate the return on investment of a potential investment opportunity.
To qualify for a loan to purchase land, you must typically have sufficient earned income and a satisfactory credit score. In most cases, you also must provide the lender with a minimum amount of money for a down payment. If you don't have enough money for your down payment, your earned income amount may help you qualify for down payment assistance.
When manufacturers produce more than one product in the same manufacturing process, identifying which costs to allocate to each product can present some challenges for accountants. Managerial accounting principles provide two methods for estimating the cost allocation. However, choosing between the sales value and physical quantity method will depend on the similarity and comparability of the products.
Investors purchase real estate to generate attractive rates of return on capital, to hedge against inflation or to increase their income. They can invest in real estate directly through personal purchases or indirectly through real estate investment trusts and property holding companies. Investors can have short or long-term objectives when making an investment decision and will have varying goals that depend upon their reasons for acquiring real estate.
One of the most stressful things about bankruptcy can be the potential loss of personal items such as automobiles, primary residences or other types of property. In certain bankruptcy situations, you may also face the loss of your investment property. If you are adamant about keeping this type of property, you may be eligible to strip the lien from your real estate investment.
When you use a loan to purchase a home, the lender wants to make sure the property value is equal to or exceeds the purchase price. Loaning too much money on property is bad business for the lender and the borrower. A Veterans Affairs loan, like other home loans, requires an appraisal from a licensed or certified appraiser.
Net worth, which is sometimes referred to as a “balance” or “equity,” is an overall value that is derived from subtracting a company's liabilities from its assets. Net worth is measured both by actual costs of assets and debts and market value of assets and debts. Market value measures the approximate real value of an entity in the marketplace. Net worth and market value calculations are used by many entities, including businesses and homeowners.
Millions of Americans play state and national lottery games each day. Some of these jackpots are worth hundreds of thousands, or even millions, of dollars. Winners of these big jackpots often have the choice of accepting the cash value payment or annual payments. Each selection has pros and cons associated with it. Choosing between the two options is a personal decision based on a number of considerations, including future tax increases, immediate financial need, age and investment plans, among others.
Your home router's connection rate determines the fastest possible speed for users to download data from the Internet and is set to the preferred level by default to maintain a steady connection and reduce excessive data usage. The rate cap settings in 2Wire's Management Diagnostic Console allows you to configure your router's settings, which provides the ability to reduce or increase the amount of data a user is able to download while connected. Once configured, the new rate cap automatically adjusts the router's settings to affect all connected users.
A negative amortizing loan is generally a big red flag in a business's accounting records -- both for the entity that owes the loan, as their debt is increasing, and for the company that lends it, as it's thought to be a less reliable source of interest income than a loan whose balance is decreasing. In either case, it's important to be on the lookout for negative amortization and understand the accounting procedures required to properly report this situation.
A change of decoration can help brighten an area of your home, and flowers are a nice decorative element. Hanging flowers will create a colorful overhead canopy in a room or gazebo for a party or other event, or just create a special touch to brighten each day. Bunches of blossoms can be hung along the walls of a room for a floral border. Fresh flowers will add a touch of fragrance. Use silk flowers in a room or area that is occupied by anyone with allergies.
Real estate is owned by holding the title to the property. The title is more than a piece of paper; it determines how the property can be transferred to another person. Sole ownership of a house means that it is owned by a single person who solely decides, through a will or trust, who will own the home in the event of his death, or when the house will be sold. If another individual is a co-owner of your house, and you want to make all decisions regarding the property, there are several legal processes to follow to become the…
Selling investment properties can cause you to incur taxes on the profit. The federal government allows you to defer the taxes owed to a later date by "exchanging" properties or, more accurately, rolling over the funds from one real estate investment to another. However, involving your primary home in the rollover transaction cannot be accomplished in the same way as buying an investment property, and it requires close attention to the rules to ensure that you are not taxed on your capital gain.
Investing in fixed annuities is a complex and challenging process for both new and experienced investors. When evaluating this type of investment, investors should always read the prospectus for the fixed annuity. However, the prospectus may fail to mention certain ambiguities related to the specific investment. Therefore, investors should understand the common ambiguities associated with these investments.
One way to avoid foreclosure is to sign a deed in lieu of foreclosure, also known as a “deed in lieu.” When you sign a deed in lieu on a second home or vacation property, you might be liable for income taxes on any deficiency incurred by your lender. Your tax liability will depend on the type of loan against the property and your general financial status at the time of the deed in lieu.
Many different ways exist to report a company’s financial information. GAAP, or Generally Accepted Accounting Principles, is an accounting method required by the Securities and Exchange Commission. The SEC established GAAP so that companies can present a uniform and accurate picture of their financial position to company stakeholders. However, income tax laws have different rules and mandates that can run contrary to GAAP. As a result, companies also need to use a tax method to report financial information to the Internal Revenue Service.
All life insurance policies have a face value. Term life policies have only a face value. A permanent life policy, on the other hand, can have both a cash surrender value and a face value. The amounts can differ substantially. Face value of a life insurance policy refers to the death benefits -- in other words, what the policy will pay the beneficiary in the event of the death of the insured. Cash surrender value refers to what the policyholder receives if the policy is cashed in prior to the death of the insured.
There are two conventional ways companies find capital: debt or equity. However, there are other ways, including selling assets. A sale leaseback transaction is one of those types of transactions. A closely related term is prepaid rent, but it does not help a company raise capital.
When you sell a real estate investment property, you must calculate your capital gain, which typically results when you sell a property for more than its adjusted basis. The adjusted basis consists of the purchase price and certain costs you incurred during ownership. You must report and pay taxes on a capital gain to the IRS, which considers a capital gain long term if you hold a property for longer than a year before selling it. A larger long-term capital gain typically results in a higher tax payment than a lower capital gain.
A buyer who finances a real estate purchase receives two important items at closing. The first is the deed, which is the legal document that transfers ownership of the property from the seller to the buyer. The other is the mortgage loan promissory note, which is the buyer's contract to repay the loan and the mortgage that accompanies it. The mortgage is the instrument that secures the loan. Occasionally, a buyer assumes the seller's loan rather than obtains his own.
GAAP is the acronym for Generally Accepted Accounting Principles. GAAP is primarily followed by U.S. companies and is often referred to as “book accounting.” Tax is used to refer to tax accounting rules proscribed by the Internal Revenue Code. The difference between the two is commonly referred to as “book to tax differences.”
Flipping a house, or buying a house for a low price and then reselling it shortly thereafter for a profit, comes with several tax ramifications. How much tax you pay when you flip a house is based on the purchase price, the length of time you own it before reselling it and how much money you invest in refurbishing the house before the sale. Other factors to take into consideration are whether you live in the house during the time you own it and if you use a real estate professional to help in the eventual sale of the property.
A resident alien is a green card holder. A nonresident alien is a visa holder, here on work or education visa permits. It is more challenging for a nonresident alien to obtain or refinance a home loan compared with a resident alien. Like citizens, noncitizens must meet requirements to qualify for a loan. Eligible resident and nonresident aliens can refinance with conventional lenders or through federal mortgage programs.
A real estate investment broker has a license to manage his own real estate business. The United States Bureau of Labor Statistics classifies the title as simply real estate broker. Brokers’ employ real estate agents on a commission basis to sell homes and investment properties. Becoming a broker requires obtaining significant study and passing an examination. Every state and the District of Columbia requires brokers to obtain a license.
When you fall behind on the mortgage payments for your investment property, you may face foreclosure and the consequences it brings. Not only will foreclosure damage your credit, but it will also put your primary home and other assets in jeopardy. In some states, your lender may be entitled to any real estate, vehicles and bank accounts in your name.
An effective positioning statement is an extremely valuable element of a company's market positioning strategy, in which it outlines its offering to each market segment. The statement specifically identifies the specific and valuable benefits offered by the brand to the market being targeted by the company.
In personal finance, individual wealth is often measured in terms of the total value of the cash and property you own. The term "personal asset" describes cash and the things you own that have monetary value. Common types of personal assets include cash and the value of financial accounts, real estate, personal possessions and stocks.
Many investors create supplemental income by investing in real estate. You can generate short-term income by purchasing and then selling properties for profit. You can also generate long-term income by renting out the properties that you purchase. However, as with any type of investing, there are potential pitfalls as well as rewards.
A real estate investment earns you money in two ways. Appreciation is the increase in the property's value over time, so that you can eventually sell it for more than you paid. Cash flow is income your property generates month to month. In some cases, investors expect negative cash flow -- less income than expenses -- and rely on appreciation to generate returns on their investments. More often, however, positive cash flow -- having money left from rent after you've deducted the costs of doing business -- is the goal. Calculate tax flow before and after taxes for the clearest…
If you are unemployed, you likely spend more time looking for work than worrying about tax planning. However, there are a number of tax issues for the unemployed that you should consider to assure that you pay the proper amount of taxes and avoid possible tax penalties. In addition to avoiding penalties, there are also some tax deductions and credits that you may be eligible for to reduce your tax obligation.
Given the cost of houses, your home probably represents a substantial portion of your total assets. Because of this, you need to think of your house as an investment as well as a home. Find out the value of your investment by having an appraiser come. You can use the information he provides for insurance purposes, to challenge your tax bill or in preparation for listing your home on the real estate market.
The cap rate is one of the three main ways to value real estate. Many factors can affect the cap rate including interest rates, inflation and the property valuation. A cap rate can also be affected by the quality of a tenant and how long a tenant stays at the property.
Real estate appraisals and tax appraisals of real estate both involve estimating a monetary value for real property, often a house and its lot. The purposes of the two appraisals are quite different, however. A real estate appraisal helps an owner fix a price for a property, perhaps to prepare for a sale or refinancing, while tax appraisals help a taxing district, such as a county or school district, establish a tax rate for a property.
When two or more people own real estate and their deed gives them no right to survivorship, they hold the property as tenants in common. Under Ohio law, when each owner dies, his share of the property passes to his heirs or beneficiaries under his will or according to Ohio’s intestacy statute.
In a strong economy, many people have a positive net worth at the end of their lives and have some assets distributed to the heirs. However, the rising cost of living and a down economy have continued to effect personal finances the 21st century, and this may contribute to the loss of a large portion of a person's net worth before he dies. If the estate is insolvent, the house and property may end up being sold to pay the debts of the deceased person.
As many as 54 million Americans were living with disabilities in 2005, according to the U.S. Census Bureau’s Survey of Income and Program Participation. Of those, 70 percent were unemployed, 27.1 percent lived below the poverty level, and 57 percent of people with severe disabilities made use of government help such as subsidized housing and cash assistance to survive. People living with disabilities can buy a home, however, if they qualify for one of the federal or state programs providing down payment assistance.
A warranty deed is a type of real estate deed with a level of protection for the buyer. Deeds are a type of contract, and in Tennessee common law, as in other states, every contract needs consideration, or exchange of detriment, in order to be considered legally valid. Those with specific questions about Tennessee contract law should ask a Tennessee legal professional.
What a firm has on its books regarding the value of its assets very rarely bears a close relationship to the firm’s market value. Book value is driven by accounting conventions, which do not always define the value of series of assets if sold on the open market. Therefore it is important to periodically assess the market value of a business to know where you stand. The value of an owner’s equity, or ownership, in a business is the value of the assets minus the liabilities.
