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If you are paying taxes on a property in Texas does that make you the property owner?
No, paying property taxes on a property does not make you the property owner. Only a properly executed deed naming you as the owner would make you an owner.
What kind of taxes are charged on the principal of student loans?
AnswerThere are no taxes on the principal of any loan, student or otherwise.In fact, there are no taxes on the payor of interest on a loan, student or otherwise. (The receipient of interest has taxable income of the amount earned).The interest paid on a loan secured by ones residence, are generally, deductible (the opposite of paying taxes)..
My son rents apartment in San Pedro. He is on the grant deed of my property. Can he write off my interest and taxes on my property in Fullerton How can he do it?
He can if he is paying them and you have not claimed them already on your taxes.
If owner does not live on the property but a life tenant does who pays taxes?
Property taxes are the responsibility of the owner. The owner may make arrangements to have someone else pay instead, but ultimately if the taxes are not paid it will be the owner who suffers when the property is sold at auction.
Can my S Corp pay my personal taxes?
No, an S Corporation cannot directly pay your personal taxes. As an S Corporation owner, you are responsible for paying your personal taxes separately from the business entity.
Can you write off the interest of a home loan if you are the primary owner but not the primary resident?
If you make the interest payments, you can normally write them off on taxes.
Which is a duty of American citizen?
paying taxes
Can a life tenant stop paying property taxes on a life estate?
No. Paying the taxes is their legal obligation and they may lose their life estate if they fail to pay. That action would provide the fee owner or remainders a reason to take the life estate to court for termination.No. Paying the taxes is their legal obligation and they may lose their life estate if they fail to pay. That action would provide the fee owner or remainders a reason to take the life estate to court for termination.No. Paying the taxes is their legal obligation and they may lose their life estate if they fail to pay. That action would provide the fee owner or remainders a reason to take the life estate to court for termination.No. Paying the taxes is their legal obligation and they may lose their life estate if they fail to pay. That action would provide the fee owner or remainders a reason to take the life estate to court for termination.
Why would corporations want to achieve zero balances in their checking accounts?
to earn more interest
Is paying taxes a duty or a responsibility?
is paying taxes a duty or a responseibility
Is a life estate owner responsible for paying land taxes on it?
Typically the beneficiary of the life estate will be liable to pay the taxes on it and you can read more about this when you click which has been added for you below this answer.
Which of the following accounts is an owner's equity account?
When purchasing a home with a home loan part of your mortgage payment will go to the equity account. The following would be used with an owner's equity account: paying property taxes and paying homeowners insurance.
