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What do I have to consider about taxes and the IRS?

Apr 19, 2022Site Administrator
A

What do I have to consider about taxes and the IRS?

Categories: Mortgage & Finance, Selling

Sellers of real property will have certain information regarding the sale reported to the Internal Revenue Service.

This required reporting is a consequence of the Tax Reform Act of 1986; it is intended to encourage taxpayer compliance and aid in audit and enforcement efforts by the I.R.S.

Tags: irs, tax
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