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Taxes, or Other Liabilities Incurred as a Result of Trainer's Activities on Stable's Property Form

Taxes, or Other Liabilities Incurred as a Result of Trainer's Activities on Stable's Property Form

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[Music] foreign [Music] to this week's installment of Our Round Table discussion where we are concluding on land contracts we're wrapping it up today uh with implications on taxes as well as the closing process so with that let's start with Jeremy Lemire Jeremy what are the tax considerations with land contracts we should consider I I think there's a couple there's kind of two when you talk just taxes um there is a a section if you will on that on the transaction where you're talking about establishing the the payment structure and everything else but there's there is a whole nother section in that uh document set that you're going to want to understand whether you're you're you're capturing and accruing if you will payments for the for the actual property taxes as the owner so you don't get to the end of the year and you don't hear anything about the payment being met and all of a s

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