|
|
Don't Lag on Submitting Your CA Home Buyer Tax Credit Paperwork! |
|
 California First Time Home Buyers, don't lag on submitting your CA Home Buyer Tax Credit Paperwork! Dave Yoshida, owner of Fortunate Fields a personal accounting firm in San Diego, CA says, "Here is the website with the info you need. http://www.ftb.ca.gov/individuals/new_home_credit.shtml"
"Time is of the absolute essence - the FTB has received more than 25,000 of the additional 28000 applications it will accept" He goes on to say, "the window will close very soon, perhaps even today. Once its closed, its closed. The application must be faxed to the FTB within 14 days of closing, day 15 is too late. Also, there is one fax number to send the form to and the form must be faxed. So, it is apparently taking several tries for people to get this fax completed." Thanks Dave, and to anyone out there who hasn't done this yet - get on it! 10g's is 10g's! On Your Team, Jesse
PS - Dave was nice enough to leave the link to the form for you below. And if you need help with your numbers this year, give Dave a call. You can find him at www.FortunateFields.com
The form is described in the website - form 8549a - here it is http://www.ftb.ca.gov/forms/2010/10_3549a.pdf |
|
|
The Mortgage Planner's Corner | How To Control Your Wedding Expen$e$ |
|
Getting married is a big event. Gathering friends and loved ones together to take part gives the day greater meaning, and following up with a party to celebrate is perfectly natural. The party, however, can take on a life of its own, with expenses spiraling out of control. A poll taken by wedding site TheKnot.com placed the combined cost of the average wedding and reception at $25,000: the cost of a nice car. Granted, many weddings cost far less, but $25,000 is an average – so plenty break that budget too. Wedding planning requires toughness No one sets out to go broke on a wedding, yet many couples end up spending more on a wedding than they would on a starter house. The fact is, |
|
Read more...
|
|
Rent vs Own - The Classic Question |
|
Ever heard an agent use the rent vs own equation to justify buying a home? Of course you have. It's the classic justification used by RE Agents pre-dating written language. More recently the counter argument to that point has reared it's head. Considering the deflated economy, I’ve noticed that a growing number of people, and even people in the Real Estate industry touting the value of renting instead of owning right now. So what’s the truth for YOU? The truth is |
|
Read more...
|
|
NO MORE STATE TAX ON FORGIVEN DEBT |
NO MORE STATE TAX ON FORGIVEN DEBT Distressed homeowners no longer have to pay California state income tax on debt forgiven in a short sale, foreclosure, or loan modification. Enacted into law yesterday, Senate Bill 401 generally aligns California's tax treatment of mortgage debt relief income with federal law. For debt forgiven on a loan secured by a "qualified principal residence," borrowers will now be exempt from both federal and state income tax consequences. The existing federal exemption is for indebtedness up to $2 million, whereas the new California exemption is for indebtedness up to $800,000 and forgiven debt up to $500,000. "Qualified principal residence" indebtedness is defined as |
|
Read more...
|
|
FHA Up Front MIP Goes Up April 5th 2010 |
|
As promised, on April 5th, 2010 the FHA Up Front Mortgage Insurance Premium (UFMIP) will go up from 1.75% to become 2.25%. This increase is said to be designed to rebalance the risk management that FHA takes by delivering low down payment loans, and the cost of doing so in the current market. The truth is that new buyers will now be |
|
Read more...
|
|
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
|
Page 1 of 10 |
Blog | The GreenRoom