“Devine Intervention: Shedding Light on Illinois Property Tax” with seasoned property tax attorney Nora Devine. Hosted by Kevin Rosenquist, this podcast series offers in-depth discussions on Illinois property tax law, focusing on helping property owners understand and navigate the complexities of the tax system. Whether you’re a homeowner or a business owner, this show covers everything from tax appeals and exemptions to the impact of local government policies and zoning regulations.
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Confused About Taxes and Property ?Revenue Account, Capital Account, Capital Gains Tax, Main Residence Exemptions, ohhhh why is it not simple ?Well that's where the Property Tax Nerds come to the rescue.We try to make Property and Taxes simple.
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Navigating Commercial Property Taxes in Illinois: What Owners Need to Know
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Episode Summary In this episode of Divine Intervention: Shedding Light on Illinois Property Tax, host Kevin Rosenquist and property tax attorney Nora Devine delve into the complexities of commercial property tax assessments in Illinois. They discuss the nuances of fair market value, the impact of local government policies, zoning challenges, and le…
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Cracking the Code of Residential Property Taxes in Illinois
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In this episode of Divine Intervention, host Kevin Rosenquist and property tax attorney Nora Devine delve into the intricacies of residential property taxes in Illinois. They discuss how property taxes are assessed based on fair market value, the significant role of local government assessments, and the impact of the Property Tax Extension Limitati…
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Everything You Need to Know About Tax Appeals
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In this episode of Divine Intervention, host Kevin Rosenquist sits down with experienced property tax attorney Nora Divine to discuss the intricacies of Illinois property tax appeals. Nora shares insights on how frequently property owners attempt to handle their own tax appeals, particularly in Cook County, where assessing officials actively encour…
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Vacant Land and Interest Deductibility
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Clearing up some misconceptions on vacant land and interest deductionsAv Michael Armstrong
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Using an SMSF to Undertake a Property Development
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How might an SMSF be used to undertake a property development.Av Michael Armstrong
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I'm About to Do a Property Development - What Structuring Decisions Should I Consider ?
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Going into Property Development can be exciting but also risky. What structuring decisions need to be made prior to entering into the development ?Av Michael Armstrong
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Demolish Main Residence , Build Two Townhouses and Sell
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What are the tax implications of demolishing your main residence, building two townhouses and selling both ? Is it tax free ? But wait it was my main residence ? Are there any strategies to minimise any potential adverse tax outcomes ?Av Michael Armstrong
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I purchased some vacant land and sold it. Do I need to pay GST ?Av Michael Armstrong
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Buy, Build and Sell - What Structure Might I Consider
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A basic introduction to the structuring issues to consider when doing a buy, build and sell. Sometimes know as property development.Av Michael Armstrong
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Why Would I Use a Structure for Holding Property ?
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In this podcast we discuss the main reason people ask whether it is appropriate for them to hold their properties in a structure. We also discuss what structures might be available.Av Michael Armstrong
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6 Year Rule. How Might it Help me Pay no Capital Gains Tax ?
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What is the 6 year rule ? What are some of the misconceptions ? How might it help reduce my capital gains tax liability ?Av Michael Armstrong
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What are Third Element Costs ? How can they reduce your Capital Gain ?
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Many people arent aware of third element costs and how they can reduce your capital gain. so what are they ? how do they work ? and when can they be claimed ?Av Michael Armstrong
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Sold my Main Residence but Had Used it As a Rental Property
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I frequently get asked what happens when I sell a property that was my main residence but I previously rented it ? What are the capital gains tax implications ? Can I reset the cost base to the date when I moved into the property ? Find out the answers in this podcast.Av Michael Armstrong
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