Neighborhood feels impact of growth As new developments are approved in Manatee County, more longtime residents are certain to feel like Linda Farley. When Farley bought her home in the Woodlawn subdivision off Erie Road 10 years ago, real estate agents told her the woods around her house were protected because they contained wetlands. But …
Category Archives: Legal
Report: Commissioner didn’t get special deal on land (miami)
Report: Commissioner didn’t get special deal on land (Miami) An investigation has concluded that Miami-Dade Commission Chairman Joe Martinez did not underpay when he purchased a vacant lot from one of the county’s biggest developers in 2004. An inspector general’s report concludes that Miami-Dade Commission Chairman Joe Martinez received no special privileges and ”did not …
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Part 2: Minimizing home-sale taxes
Part 2: Minimizing home-sale taxes Home sellers benefit from adjusted cost basis: The starting point for avoiding long-term capital gains tax on the profitable sale of your personal residence and investment real estate is its adjusted cost basis. This number is needed because it must be subtracted from the property seller’s “adjusted sales price” to …
White House targeting mortgage deduction
White House targeting mortgage deduction This autumn, the president convened a tax advisory board, who under the auspices of devising simpler and fairer tax laws, were poised to further damage the housing market by suggesting a reduction of the mortgage-interest deduction. The ill-conceived tax proposal could rival the devastation resulting from a large-magnitude earthquake in …
The Disappearing Las Vegas Condos
The Disappearing Las Vegas Condos Three weeks ago, Eli Verdnikov, an engineer in Los Gatos, Calif., received a letter saying that the apartment building he planned to retire to — Icon Las Vegas — would not be built. In the envelope was a check for $73,672.81, the 10 percent deposit Mr. Verdnikov had paid, plus …
Financial promoter, wife plead not guilty: Judge grants request from Wade Cook for public defender
Financial promoter, wife plead not guilty: Judge grants request from Wade Cook for public defender Well-known financial promoter Wade B. Cook and his wife pleaded not guilty Thursday to federal charges of concealing nearly $8.9 million from the Internal Revenue Service. Cook, 56, and his wife Laura, 52, who own a home near Fall City, …