Tax Evasion
Not paying taxes legally due the government. Examples are the failure to report rental income received and claiming false deductions on real estate holdings. The penalty for tax fraud is 75% of the underpaid tax. There may also be criminal prosecution.
Popular Real Estate Terms
Outline or diagram of a structure or group of structures used for planning purposes. ...
Also known as adjoining landowners or abutting owners, adjoining owners are property owners whose property touches a common property. The definition of adjoining property owners is those ...
Title that can be made null and void or defeated upon the satisfaction of a claim or the completion of some future contingency. ...
Expenditure paid to occupy property over a specified time period. ...
Pit or cavity built into the basement of a building to avoid or minimize flooding. It allows for the drainage of excess water and moisture. ...
Real annual return on a real estate investment. It equates the initial investment with the present value of future net cash inflows from the investment. The IRR can be determined by using a ...
Act of receiving the rights and privileges of a citizen including property rights. ...
Federal government agency monitoring and regulating corporate financial reporting and disclosure, use of accounting principles, auditing practices, and trading activities. Its regulations ...
Single-family dwelling attached to other units by common walls. ...
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