http://blog.vivianpaige.com/2009/02/23/vb-clerk-looking-out-for-taxpayers/ Sun, 12 Feb 2012 13:19:34 +0000 hourly 1 http://wordpress.com/ http://blog.vivianpaige.com/2009/02/23/vb-clerk-looking-out-for-taxpayers/comment-page-1/#comment-145459 Tue, 24 Feb 2009 17:36:15 +0000 http://blog.vivianpaige.com/?p=6707#comment-145459 That may be a side effect but I doubt it is the purpose. The true purpose is to collect as much tax as possible. Sales between related parties at less than FMV are not very common.

]]> http://blog.vivianpaige.com/2009/02/23/vb-clerk-looking-out-for-taxpayers/comment-page-1/#comment-145458 Tue, 24 Feb 2009 17:33:15 +0000 http://blog.vivianpaige.com/?p=6707#comment-145458 “Would you encourage our Clerk of the Court in Chesapeake to do likewise?”

]]> http://blog.vivianpaige.com/2009/02/23/vb-clerk-looking-out-for-taxpayers/comment-page-1/#comment-145432 Tue, 24 Feb 2009 05:00:21 +0000 http://blog.vivianpaige.com/?p=6707#comment-145432 The purpose of the law is to get the expected tax when a property is sold considerably below market value, as happens when property is sold to family members or prominent members of the Chicago political machine.

]]>