FAQs from Ballote and Associates

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1. Do I have to build within a certain time period?

2. What documents should I receive from a builder?

3. Should an owner collect receipts on every wire transfer to a builder?

4. What documents do I need to write off my construction costs when it comes time to sell?

5. Is the owner responsible for Social Security taxes?

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Building and Renovating

Is the owner responsible for Social Security taxes?

The price of the construction, as stated in the contract, should include the price for the Social Security.