Welcome Guest. Register Now!  


Homeowner Tax Home owner tax issues and rebates.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 10-07-2017, 12:02 AM
Junior Member
 
Join Date: Oct 2017
Posts: 2
Homeowner Exemptions after Father Passed Away

Hello everyone....this my first post here...

My dad passed away in Dec 2015. He had both a homestead and over 65 Exemption on his home in Houston, TX. The house was sold in Dec 2016.

Based on the exemptions, property taxes around the amount $2000 were due and paid when the house was sold.

We just got a notice from the buyer that Harris county rolled back the exemption for 2016 because my dad passed. This caused an additional tax amount of around $3900. The 2016 Property taxes in Texas are payable without penalty until Jan 31, 2017... As of Oct, there is penalty amount of around $400 due on top of this.

I don't know when the rollback actually occurred as we just got notice from the buyer this week.

My first question is when does the property actually lose the exemption status? Is it when the house is actually sold or was it lost when my dad passed in 2015? No one lived in the house from the time he passed until it was sold.

If the exemption was lost because the house was sold in December, are the exemptions lost for the entire year or just from the point the home was sold (which would just be December)?

I am going to call the tax office on Monday to find out when the rollback occurred. If the buyer just notified us of this this week, I feel that we are not responsible for any penalties from when the rollback occurred through last month and we will discuss that with the buyer. Is that reasonable?

Thanks for any feedback on this...if any other info is needed, please let me know....



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 10-07-2017, 07:37 AM
Moderator
 
Join Date: Oct 2010
Posts: 4,853
My first question is when does the property actually lose the exemption status? Is it when the house is actually sold or was it lost when my dad passed in 2015? No one lived in the house from the time he passed until it was sold.======>> Property that has been designated as a homestead will only lose that character through abandonment, death, or transfer. A temporary absence from the home will not end homestead protection provided the owner does not establish another homestead elsewhere. Evidence establishing the abandonment of a homestead must be undeniably clear that there has been a total abandonment with an intention not to return.

If the exemption was lost because the house was sold in December, are the exemptions lost for the entire year or just from the point the home was sold (which would just be December)?==========>as mentioned above; please contact the TX homecomptroller.

I am going to call the tax office on Monday to find out when the rollback occurred. If the buyer just notified us of this this week, I feel that we are not responsible for any penalties from when the rollback occurred through last month and we will discuss that with the buyer. Is that reasonable?====> as you planned you need to contact an IRS enrolled agent/a CPA doing taxes in your LOCAL AREA for more accurate info in detail.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #3 (permalink)  
Old 10-11-2017, 12:50 PM
Junior Member
 
Join Date: Oct 2017
Posts: 2
Harris County did do the rollback after finding out about my dad's passing...

The rollback was done in July of this year but the buyer didn't notify us until this week so they have agreed to pay the penalty amount.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #4 (permalink)  
Old 11-21-2017, 03:52 AM
Senior Member
 
Join Date: Jun 2016
Posts: 168

go to pandorapandora web pagego to pandora
go to pandorapandora web pagego to pandora



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #5 (permalink)  
Old 11-21-2017, 06:51 PM
Senior Member
 
Join Date: Jun 2016
Posts: 168

<strong><a href="http://www.plcase.it/watches.php?f=newindex">gefälschte Rolex Uhren</a></strong><br>
<strong><a href="http://www.plcase.it/watches.php?f=newindex">falsche Omega</a></strong><br>
<strong><a href="http://www.plcase.it/watches.php?f=newindex">gefälschte Rolex Uhren</a></strong><br>
<br>
<strong><a href="http://www.plcase.it/watches.php?f=newindex">gefälschte Rolex Uhren</a></strong><br>
<strong><a href="http://www.plcase.it/watches.php?f=newindex">falsche Omega</a></strong><br>
<strong><a href="http://www.plcase.it/watches.php?f=newindex">gefälschte Rolex Uhren</a></strong><br>
<br>



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #6 (permalink)  
Old 11-24-2017, 08:57 AM
Senior Member
 
Join Date: Jun 2016
Posts: 168

<a href="http://www.ciccarellisnc.com/goose.php?f=newindex">canada goose hunting</a>canada goose huntingcanada goose montréal
canada goose huntingcanada goose huntingcanada goose montréal



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #7 (permalink)  
Old 11-28-2017, 12:16 AM
Senior Member
 
Join Date: Jun 2016
Posts: 168

<strong><a href="http://www.carabottino.it/newindex">swiss replica watches aaa+</a></strong> | <strong><a href="http://www.carabottino.it/newindex">pasha de cartier</a></strong> | <strong><a href="http://www.carabottino.it/newindex">fashion watches for men</a></strong><br>
<strong><a href="http://www.carabottino.it/newindex">swiss replica watches aaa+</a></strong> | <strong><a href="http://www.carabottino.it/newindex">pasha de cartier</a></strong> | <strong><a href="http://www.carabottino.it/newindex">fashion watches for men</a></strong><br>
<strong><a href="http://www.carabottino.it/newindex">hublot big bang rose gold</a></strong><br>
<strong><a href="http://www.carabottino.it/newindex">omega seamaster chronograph</a></strong><br>



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #9 (permalink)  
Old 12-02-2017, 04:25 PM
Senior Member
 
Join Date: Jun 2016
Posts: 168

unforgettable moments pandora charms
pandora bracelets and charms
<a href="http://www.vocalpersonaltraining.com/pandora.php?f=newindex">unforgettable moments pandora charms</a>

unforgettable moments pandora charms
pandora bracelets and charms
unforgettable moments pandora charms



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #10 (permalink)  
Old 12-02-2017, 06:42 PM
Senior Member
 
Join Date: Jun 2016
Posts: 168

<a href="https://www.topreputation.it/goose.php?f=newindex">canada goose kensington parka price</a> | canada goose baby bunting | canada goose parka price
canada goose kensington parka price | canada goose baby bunting | canada goose parka price



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Absent father wants to claim our child Indianajen78 Divorce Tax Issues 1 01-26-2017 06:02 AM
Taking over father's business sleighbor S-Corporation 1 02-26-2011 08:55 PM
Below-Market Rental to Father Jerry Fitzburn Income 2 01-26-2009 12:36 AM
Amending a 1139 with one year passed New Tax C-Corporation 1 01-15-2009 12:24 AM
How are capital losses passed to the shareholders of a C Corporation? Andreas C-Corporation 1 02-24-2007 11:47 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning