All Transactions Over $600 to be Monitored by IRS — Scrutinization of Real Estate Dollars

After releasing your info to hackers, big brother expands capture of your money and your personal data.

As if the Biden administration has not already caused enough intrusion and consternation, Joe is now planning to unleash IRS inspectors into your personal finances 24/7. This unprecedented attack on your privacy will allow thousands of federal and state bureaucrats (along with rogue government workers) to instantly peak in on your home purchase, sale, rent, remodels, furniture, medical bills, college tuition, fines, paychecks, personal loans, vacations and other once-private affairs. Scary stuff, as this means that worldwide hackers gain new access to your personal data and funds. Many real estate transactions are over $600, so home buyers, sellers, renters, landlords and investors must prepare to get scrutinized. The federal government, state government and other thieves will then be able to take your money with or without just cause. Sadly, this marks a new low for government, targeting the poor who make as little at $600 per year. Come On, Man! This terrible idea must be stopped before it progresses.

While it may be an unconstitutional intrusion into freedom, an overbearing IRS is good news for those who invest in more private payment methods such as Bitcoin, Ethereum, Monero and Pirate Chain blockchain cryptocurrencies. Because money moves away from danger, towards privacy and safety, the U.S. shall leak trillions while worldwide tax haven countries benefit, including:

The Bahamas
Bermuda
British Virgin Islands
Cayman Islands
Channel Islands
Costa Rica
El Salvador (Bitcoin legal tender)
The Isle of Man
Ireland
Luxembourg
Malta
Mauritius
Monaco
Puerto Rico
Singapore
Switzerland

For those to prefer to invest in the American dream in the entertainment capital of the world, be sure to get a special deal. Get FREE Downtown Top Investment Property Listings in your email and also receive a free copy of our coming new investment newsletter. Fill out the online form:

Banks prepare to hand over your private data and your money to government and hackers.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Tax Law Changes for 2018 – Will It Affect Los Angeles Real Estate and Property Taxes?

REAL ESTATE NEWS

Substantial changes have been made to the federal tax code for the new year. The new law almost doubles the standard deduction for 2018, but personal and dependent exemption deductions are eliminated. This will benefit some taxpayers and harm others. The Tax Reform Bill will have some effect on housing.  #taxreformbill #propertytaxes #millsact

Tax Reform Effects on Real Estate for 2018
Tax Reform Effects on Real Estate for 2018

The L.A. Loft Blog offers this article on the points that could affect Los Angeles real estate the most:

1. Exclusion of gain on sale of a principal residence
2. Mortgage Interest Deduction
3. State and Local Taxes (SALT)

Get more details in this special update  that covers the evolution of the tax reform changes since its original proposal and its impact on residential real estate. TAX REFORM AND HOUSING:  FREE REFERENCE GUIDE

The most popular tax break for Downtown lofts continues to be the Mills Act property tax savings. Get a free list of Mills Act lofts in Southern California. Fill out the online form:

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New Tax Code Changes for Real Estate 2018

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.