08-22-2007, 07:10 PM
Quote:Re: I don't get this re: Bonds 756 ball new
Posted by: RAMd®d (IP Logged)
Date: August 22, 2007 01:16PM
A local news story has said the the IRS *has* assigned a "fair market value" of $500.,000 and it's due and payable.
Either way, it seems really really wrong that he owes money based on the *estimated potential* value *if* sold. Let him sell it, then make him pay.
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Isn't this the very same principle used in assessing real estate? You buy a house for $100k and he following year they send you a tax bill based on their assessed value, say - $110K.
It's always seemed wrong as hell to me - but seems like the same logic being used.
home has accrued
Just sayin
Posted by: RAMd®d (IP Logged)
Date: August 22, 2007 01:16PM
A local news story has said the the IRS *has* assigned a "fair market value" of $500.,000 and it's due and payable.
Either way, it seems really really wrong that he owes money based on the *estimated potential* value *if* sold. Let him sell it, then make him pay.
**********************************************************************
Isn't this the very same principle used in assessing real estate? You buy a house for $100k and he following year they send you a tax bill based on their assessed value, say - $110K.
It's always seemed wrong as hell to me - but seems like the same logic being used.
home has accrued
Just sayin