Taxes

How do I file for my First Time Buyer Federal Tax Credit?

Real Estate from A to Z by Aaron Zapata, MBA, Broker How do I file for my First Time Buyer Federal Tax Credit? • The federal tax credit for home buyers was extended and expanded late last year. Qualified first-time buyers may be eligible to receive a tax credit of up to $8,000 on homes purchased before April 30, 2010. Repeat buyers may be eligible for a tax credit of up to $6,500. Visit...

NO MORE CALIFORNIA STATE TAX ON FORGIVEN DEBT

NO MORE CALIFORNIA STATE TAX ON FORGIVEN DEBT I just received this notice from our California Association of Realtors Legal Department. I am not an accountant and you should verify all of this with your CPA or tax advisor. "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...

Compare listings

Compare
Call Now ButtonCall Aaron Zapata