REALTOR® Magazine-Daily News-IRS Cracking Down on False Tax Credit Claims: "IRS Cracking Down on False Tax Credit Claims
The IRS is cracking down on people who don’t qualify for the first-time homebuyer tax credit but try to claim it anyway.
The IRS says it is investigating 24 cases of people who falsely claimed the first-time homebuyer credit on their federal income tax returns. Getting caught making a false claim carries a penalty of up to three years in jail and a fine of as much as $250,000.
The First-Time Homebuyer Credit, enacted in 2008 and modified in 2009, provides up to $8,000 for first-time homebuyers. The purchaser must be someone who has not owned a primary residence in the previous three years. If the taxpayer is married, this requirement also applies to the taxpayer’s spouse."
Saturday, August 8, 2009
Appraiser Checklist: Home and Design: REALTOR® Magazine
Appraiser Checklist: Home and Design: REALTOR® Magazine: "Appraiser Checklist
Help clients understand what to expect during the appraisal process by sharing information on how appraisers reach their property value estimates.
By Barbara Ballinger | April 2009
Here are some of the factors that appraisers Joni L. Herndon of Real Property Analysts/Gulf Coast in Tampa, Fla., and John A. Hillas of Hulbert & Associates Inc. in Modesto, Calif., say they consider when determining value.
* Incentives and concessions. Most of today’s buyers expect to pay the lowest possible price and still get some extras. Sellers and home builders are offering money toward closing costs, remodeling and decorating, upgrades, and association dues. The price set initially may not be the final price once concessions are factored out. Appraisers care about that final number."
info buying and selling homes in san diego and orange county
Help clients understand what to expect during the appraisal process by sharing information on how appraisers reach their property value estimates.
By Barbara Ballinger | April 2009
Here are some of the factors that appraisers Joni L. Herndon of Real Property Analysts/Gulf Coast in Tampa, Fla., and John A. Hillas of Hulbert & Associates Inc. in Modesto, Calif., say they consider when determining value.
* Incentives and concessions. Most of today’s buyers expect to pay the lowest possible price and still get some extras. Sellers and home builders are offering money toward closing costs, remodeling and decorating, upgrades, and association dues. The price set initially may not be the final price once concessions are factored out. Appraisers care about that final number."
info buying and selling homes in san diego and orange county
Sunday, August 2, 2009
Home for sale in Oceanside Ca, San Diego house for sale, not a short sale
Just listed on the 08/02/09. Oceanside CA. Great views. Open floor plan. Vista Schools. Not a short sale.
For more info on our listings and homes for sale in San Diego
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