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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Fri, 5 Aug 2005 14:11:17 -0700
/ Author of the message: "gretchen" |
Title of the message: |
Re: Settlement charges
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Text of the message: |
"hharry" <paulquigley@nyc.com> wrote in message news:1123250027.510485.99620@g44g2000cwa.googlegroups.com... > I am in the process of selling a plot of land and in the settlement > statement under section 1300 Additional Settlement Charges: there is a > 10% tax holdback to Inland Revenue Service. What is the "Inland Revenue Service"? > According to the selling agent, this charge is levied against non-US > citizens who sell property in the US. You must mean the "Internal Revenue Service, Dep't. of Treasury, US", but you'd better read the document carefully. Many people will use such deceptive wordings to dupe unknowing aliens(?) out of their cash. > Can I set this payment against my overall tax liability when I submit > my tax returns.. If it is indeed the Internal Revenue Service that is named, then that would be the whole purpose of the withholding. . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.