Taxes

Sep

$8000 Tax Credit :: Expires in 70 Days!

Posted In: First Time Home Buyers, For Buyers, General Real Estate News, Mortgage & Finance, Taxes

Are you taking full advantage of the Goverment Stimulus Programs for Homeowners? Did you know that the $8000 tax credit will expire in 70 days? When you consider that the average transaction takes between 25 and 30 days that means you only have roughly 45 days to locate and get into contract on your house. Did you know that rates [...]

Jun

Some Short Sales Are Still Taxable Events

Posted In: For Sellers, Foreclosures & Short Sales, Taxes

Disclaimer: I am not a lawyer. I am not a CPA. I am a Realtor. Therefore, if you have any questions about any of this, do not ask me. I am merely a funnel for information that was provided to me by Old Republic Title. Taxpayers Beware: Zero Profit Doesn’t Mean Zero Capital Gains Taxes! In this difficult market, many [...]

Jun

California Running Out of California New Home Tax Credit

Posted In: For Buyers, New Home Sales, Taxes

A boon for new homebuyers, scheduled to last through next March, will be out of money long before that. NEW YORK (CNNMoney.com) — Time is running out for California residents wanting to take advantage of a $10,000 tax credit. The state set aside $100 million to help home buyers purchasing newly built homes, hoping to jump start the moribund residential-construction [...]

Apr

Property Taxes: How They Are Viewed

Posted In: Good ol' Fashion Humor, Taxes

A friend just emailed this to me and I JUST had to share…enjoy!

Mar

Federal Tax Credit For Energy Efficiency

Posted In: Taxes

I love it when readers tell me some great tips. When Obama signed the stim. bill, the tax credit on energy efficiency items was extended into 2010. Tax credits are a good thing. An increase in the amount of the tax credit is even better. Now if I could only convince my husband why we need a Biomass Stove. On February [...]

Mar

Homebuyers in California To Enjoy $18,000 Tax Credit- No Wonder We Are In Trouble

Posted In: New Home Sales, Taxes

Ok, stop the insanity. No wonder California is broke. There’s the $8,000 federal tax credit for first-time home buyers. And now California has upped the ante, offering a tax credit worth up to $10,000 to any home buyer, first time or not, of any income level, who buys a home between March 1, 2009 and March 1, 2010. There’s just [...]

Feb

Reassessment of Property Taxes in Alameda County

Posted In: Taxes

A reader pointed me in the direction of this, taken directly from the assessors website: “If property taxpayers wish to request an individual informal review of their property’s 2009-10 assessed value after receiving the July 2009 notification, they may do so by returning a simple, printable form available on the Assessor’s website http://www.acgov.org/assessor/reassessments.htm. Property owners not in agreement with their [...]

Feb

Details from the Stim Plan

Posted In: First Time Home Buyers, General Real Estate News, Mortgage & Finance, Taxes

Just signed into effect…thanks go out to Chet Gohd, RPM Mortgage in Berkeley, for helping to navigate through the details. Here is what matters to you: “There’s a nice windfall for some homebuyers in the economic stimulus bill awaiting President Obama’s signature on Tuesday. First-time buyers can claim a credit worth $8,000 – or 10% of the home’s value, whichever [...]

Feb

First Time Home Buyer Tax Credit Update

Posted In: First Time Home Buyers, For Buyers, Taxes

As part of the new stimulous package the President is set to sign off on a first time home buyer tax credit on Monday. Here is what is currently approved: The tax credit amount for first time homebuyers will be $8,000 for homes bought by August. (No longer the $15,000 tax credit for all primary residences as was originally proposed.) This is [...]