The Mortgage Corp?
Q: Paid RE Tax through my mortgage company in the form of escrow. The mortgage company miscalculated the escrow amount and I ended up underpaying the tax. Here is the situation with approximated numbers: Escrow Deposit, Tax paid by the mortgage corp., Escrow balance In '95 - $3000 $6000 -$3000 In '96 - $9000 $6000 $0 Now, which amount to I report on each year, the actual money that came out of my pocket or actual real estate tax paid by the mortgage corp?
A: - Actual tax paid by the mortgage company - The tax paid by the mortgage company, as when they pay it, it then goes *out of your pocket.* - This is your opinion, even though in 1995, he did not PAY but 1/2 of what was paid out of escrow, and his escrow balance was negative ??
Most Popular Articles
- Computer Course Have Training
- Gold Celtic Ring
- General Engineering
- Income Tax
- Mechanical Engineering