|
|
| |
|
|
 |
 |
|
TAX NEWS AND TAX TIPS
Good news for small business that are operated by huband and wife. Previously the IRS insisted that they form a prtnership, this creats an extra legal and administration expense for the business owners. Now conress says they may file a regular joint return and split the profits equally for social security tax payments compliance. Keep it simple.
...more |
| |
SHORT SALES AND FORECLOSURES
September 12, 2007
Print this Page
SIMPLIFIED EXPLANATIONS OF SHORT SALES AND FORECLOSURES
...more |
| |
STIMULUS PAYMENT REBATE REFUND
THE PAYMENT REBATE REFUND MAY VARY FROM
$300.00 FOR SINGLE TAXPAYERS AND UP TO $2400.00 FOR MARRIED TAX FILERS WITH 4 QALIFYING CHILDREN WITH CHILD TAX CREDIT
...more |
| |
PERRIS COMMERCIAL AND BUSINESS NEWS
PERRIS - Perris Planning Commissioners reviewed plans for two proposed warehouse/distribution centers in the northern part of the city of Perris
...more |
| |
More on short sales and tax exempt gain
Generally, the IRS income tax code provides lots of credits for homeowners. Your mortgage interest is deductible, which reduces your tax bill. Interest on a home equity line of credit is also deductible; it reduces the cost of borrowing against your home to put in granite countertops. And if you've lived in your home for at least two years, you can sell it and pocket $250,000 of the profit if you are single and $500,000 if you're married filing joint-- tax-free. IRS CODE 121(B)(3) This exclusion replaced the old rollover exclusion code sec 1034 which unfortunaly many people out there still beleive that by purchasing another home, they will elilminate capital gain taxes. You don't have to buy another home to eliminate taxes.
...more |
| |
Realty Tax Tips
It's difficult for most of us to get very excited about income taxes. But when it comes to earning up to $250,000 tax-free (up to $500,000 for a qualified married couple), have I got your attention yet?
...more |
| |
 |
LOAN MODIFICATIONS
A lot has been said about loan modifications but most borrwoers are still in the dark as to some consequences regarding their loan modifications.
...more |
| |
|
|
|
| |
|
|
| |
Your Newsletter is Powered by:
|
|
|
|
|
