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WookieMan says

Slap on the wrist for property tax evasion

WookieMan says

IRS for lying on property taxes is handcuff time.

WookieMan says

Again, mortgage fraud is a slap on the wrist. Tax fraud is a different animal.

Around here. one's property taxes have nothing to do with your mortgage. She lied on her mortgage application to get a better rate and lower down payment. When the assessor sets the property tax, he/she does not look at the mortgage paperwork. In fact, the assessor does not care if the house is a rental or owner occupied - the assessment and taxes are the same. Only when one applies for a homestead exemption are the taxes affected, and even that varies by locality.

WookieMan says

This is what Trump went through by giving a lower value.

If you are talking about that Mar-a-Lago lawsuit incident, Trump was called to court because he supposedly OVERVALUED his real assets to get higher collateral.

WookieMan says

Property taxes are reported on 1040's. It's a federal tax law violation.

The IRS does not give a hoot about anything but what you actually paid. The IRS does not get involved in local assessments. Besides, this contradicts your point anyway - if I pay lower property taxes I have less to itemize and I pay MORE to the IRS.

WookieMan says

Tax evasion is a far bigger issue.

What tax evasion? Federal tax evasion?

WookieMan says

No one has to listen to me because you guys don't know. Property taxes are reported on 1040's. It's a federal tax law violation.

What tax evasion?

Fuck what the hell is wrong with you?

There's no tax law violation if what she reports she paid in property taxes -- and people don't HAVE TO DO SO DESPITE YOUR BULLSHIT OTHERWISE. ONLY IF THEY WANT THE TAX WRITE OFF.

You saying she didn't report the property tax amounts she actually paid? Because that is the only way she can be nailed for misreporting on her federal tax forms.

Everyone! Our PatNet Expert, WookieMan in action! ^^^

Say I get assessed $10k in local property taxes. I only paid $8k and am in arrears for the $2k extra. I report that $8k on my federal form instead of taking the Standard Deduction.

Did I commit federal tax fraud? No. Because I paid what I reported. If I had listed the full $10k even though I paid only $8k, then yes I would be busted if caught.

Are you saying Cook did something like that?

Because all you other bullshit about what the State should have or shouldn't have assessed for her property taxes isn't a federal issue. At all.

HeadSet says

Besides, this contradicts your point anyway - if I pay lower property taxes I have less to itemize and I pay MORE to the IRS.

See? He lives in a total fantasy alternate world.

It's not just me 'bitching about him' because I don't like some of the opinions he posts. It's his lack of a tether to reality while claiming he is the expert and the rest of us "don't know what we are talking about".