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Debt Relief Act of 2007-Mortgage Foregiveness
The Mortgage Forgiveness Debt Relief Act and Debt Cancellation If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable. The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income Read More...

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Home Buyer Tax Credit
The first time home buyer tax credit is expiring again s0on. As it stands today (hopefully it gets extended..) one must be in contract by April 30, 2010 and have closed escrow by June 30 2010. First time home buyers are eligible for up to $8000 and Sellers Read More...

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Tax Carryback Rules
If you incurred a loss in your business in 2008 or 2009 and that loos results in overall negative income on your form 1040 or C coorporation tax return, the 2009 tax law provides an opportunity for you to carry back your 2008 and 2009 losses for up to Read More...

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Big Rebound in Existing-Home Sales Shows First-Time Buyer Momentum
RISMEDIA, October 26, 2009—Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of Realtors®. Existing-home Read More...

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Vote on homebuyer tax credit could come soon
updated 3:33 p.m. PT, Mon., Oct . 26, 2009 function UpdateTimeStamp(pdt) { var n = document.getElementById("udtD"); if(pdt != '' && n && window.DateTime) { var dt = new DateTime(); pdt = dt.T2D(pdt); if(dt.GetTZ(pdt)) {n.innerHTML = dt.D2S(pdt,((''.toLowerCase()=='false')?false:true));} Read More...

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59% of Home Buyers Rely on Low Down-Payment Government Mortgages
RISMEDIA, October 21, 2009—The new home market is cooling down and government intervention has been a key driver to new home sales, according to a recent monthly survey of home builders, just released by John Burns Real Estate Consulting. In addition Read More...

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Gardnerville Ranchos 1st Quarter Statistics
Gardnerville Ranchos Listing-Sales Statistics 1st Quarter 2009 Note 75.56% of listed homes SOLD... Average Sale Price Sold $177,802 These fabulous numbers are indicative of the $8000 first time home buyer incentive, an inventory of bank owned homes and Read More...

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