Our prior coverage (see below) of the tax consequences to recipeints of home renovations through the TV show Extreme Makeover — Home Edition have forcused on the federal income tax consequences. Current news reports discuss the state and local property tax consequences:
- Dream Home Brings a Big Tax Hike; Legislation Seeks Help for "Makeover" Families, Detroit Free Press
- Extreme Tax Bill: Family Gets Its Dream Home — And a Big Problem, Too; New Jersey Legislators Are Considering Changes in the Tax Laws, The Record
- Family Needs Tax Miracle, NorthJersey.com
- Makeover Family Can’t Afford Taxes on New Home, NorthJersey.com
PriorTaxProf Blog coverage:
- Tax Consequences of Extreme Makeover, Home Edition (12/17/06)
- IRS on Tax Consequences of Extreme Makeover: Home Edition Reality TV Show (4/23/06)
- More Scholarship on Tax Consequences of Extreme Makeover: Home Edition (12/4/05)
- Student Note on Extreme Makeover (10/13/05)
- More on Extreme Makeover: Taxpayer Edition (2/2/05)
- Extreme Makeover: Taxpayer Edition (7/5/04)
- Yet More on Extreme Makeover = Extreme Taxes (5/14/04)
- More on Extreme Makeover = Extreme Taxes (5/12/04)
- Extreme Makeover = Extreme Taxes? Tax Consequences of Home-Makeover TV Shows (5/10/04)
