New City, California, charged Rick a real estate transfer tax when his property was relinquished to the

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New City, California, charged Rick a real estate transfer tax when his property was relinquished to the Federal Housing Administration (FHA) in its capacity as his loan guarantor. The amount charged was the same as the amount Rick was required to pay the county. Can Rick be required to pay this tax, or should the FHA pay it?
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Federal Tax Research

ISBN: 9781285439396

10th Edition

Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill

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