Entries by David & Devon Viehman

Wealthy N.Y. Residents Escape Tax With Trusts in Nevada

By Richard Rubin Dec 17, 2013 Bloomberg.com Wealthy Americans looking to avoid state income taxes are moving billions of dollars in assets to trusts in no-tax states such as Delaware, Nevada and Alaska. The maneuvers are getting fresh scrutiny from officials in states including New York, which is losing an estimated $150 million a year through such tax avoidance. As […]

Save big bucks on your taxes by deducting all sorts of weird odds and ends

Real Estate Tax Talk Inman News by Stephen Fishman – Contributor In our last few articles we’ve been looking at the new IRS regulations on how to classify repairs and improvements for tax purposes. The voluminous regulations contain some things that are pretty good for owners of residential rentals and commercial properties, and some things that aren’t so good. Among the […]

Housing Recovery Enters New Phase

Realtor.com July’s real estate market data shows the nation experienced a 5.24 percent decline in housing inventory, which is the second month in a row with year-over-year inventory declines in the single digits. National median list prices increased 5.27 percent year-over-year while median age of inventory is down 16.67 percent. While California markets have dominated […]