This is a result of a controversial U.S. Supreme Court ruling. If the real estate is sold, the corporation will owe capital gains tax on the difference between the low depreciated value and its sale price. When the stockholder obtains the proceeds through a dividend or liquidation, the stockholder must pay a second tax. Rental income withdrawn from the company is not subject to payroll taxes. A sale of the property will only be taxed once, and if you die while owning the property, your heirs will inherit the property at a stepped-up basis, thereby eliminating the capital gains tax on the property's market value as of that time.
Prices are reasonable and competitive.
According to the Internal Revenue Service, over 90,000 taxpayers have yet to receive their 1994 refund checks. A disclosure statement contained information which federal law requires. The purpose of the statement is to disclose information about your loan and to assist you in shopping for credit. The amount financed is lower than the amount you applied for because it represents the NET figure. The APR is computed from this lower figure, based on what your proposed payments would be.