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When you sell real estate and the title company or closing attorney is preparing your real estate closing documents, their standard practice is to ask you for your taxpayer identification number. This is for the purpose of reporting the transaction to the IRS on an IRS Form 1099 information report. But what are the laws behind this report and which real estate transactions do those laws require be reported to the IRS?
In this week’s Freedom Hour presentation, Peymon Mottahedeh, the founder of Freedom Law School, will explain these laws, why they do not apply to 99% of real estate transactions, and how to avoid having the sales price go to the IRS.
Peymon, for over 30 years, and Freedom Law School, for over 27 years, have helped many Americans to live free of IRS deception, robbery, and slavery. Take the Seven Steps to income tax freedom on our website, FreedomLawSchool.org.