Internal Revenue Service (IRS)
Branch of the federal government responsible for collecting taxes including personal and corporate. The IRS administers tax rules and regulations, and investigates tax irregularities. Criminal prosecution may be made by IRS for tax fraud through the U.S. Tax Court.
Popular Real Estate Terms
Financial interest a developer has in a development. The interest may be a direct investment or a percentage interest in the overall profit. ...
Style of life emphasizing outdoor activities, amenities, and recreation. Example are campers and barbecues. It is usually on a short-term basis. ...
Loan mandating equal periodic payments to pay off the loan subsequent to the last payment. ...
Contractual clause allowing one or both parties to terminate the agreement if a specified occurrence takes places. This is a cancellation clause, which allows the agreement to become null ...
Any property that is part of an estate and is real or personal, material or intangible, having actual worth or is worthless and can be directly willed to an heir. ...
In short, an overage means a surplus or an excess of money. An overage can present itself at a property at an auction where the asset has gone over the asking price. Suppose there’s a ...
Burdens one parcel of land (the servient estate) for the benefit of another parcel (the dominant estate). ...
Modification in the amount of money involved for some justifiable reason. ...
Barrel, reservoir, or tank for storing rain runoff. ...
Have a question or comment?
We're here to help.