SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN: 9780357391266
Author: Nellen
Publisher: Cengage
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Alison receives a notice of property taxes that are due from the County tax collector. The taxes are for the property next door to Alison and were incorrectly sent to her address. Alison believed the tax bill was for her property and paid it before realizing the error. Can Alison recover the amount she paid in taxes from her neighbor? Why or why not.
Sonja is considering the purchase and renovation of an old building. She has heard about the tax credit for rehabilitation expenditures but does not know the specific rules applicable to the credit. Explain the most important and relevant provisions for her.
Richard sold a parcel of land belonging to him to Ping through his agent, Francisco, without executing a special power of attorney in favor of Francisco. The deed of sale between Richard and Ping was written and notarized. Just from the foregoing facts, is the sale valid?
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