California won’t tax forgiven mortgage debt SB 401 (Wolk) into law providing distressed homeowners with California tax exemption on debt forgiven in a short sale, foreclosure, or loan modification. Effective immediately, this bill generally aligns California's tax treatment of mortgage debt relief income with federal law. For debt forgiven on a … [Read more...]
Here's How To Get Out Of Debt - Many people I see out in the market place today treat their personal household budgets like it were the federal budget. This is an easy model to follow because after all doesn't Uncle Sam have your best interests at heart? Well they say they do, however, Uncle Sam can do something that you can’t do. If … [Read more...]
Six Reasons To Buy A Multi-Family Residence 1.) Buying a duplex, (multi-family residence), will produce income for you on a regular basis. Additionally, most people want a single-family home so the competition is not as fierce for a duplex when you are trying to purchase a single family home. This lessens your risk of over paying for … [Read more...]
The Truth About How The Income Tax System Works - Redwood City - San Carlos Real Estate, Silicon Valley Homes, Realtor I did not write this article, however, it would have been nice if I had written it. The source is T. Davies, Professor of Accounting at the University of South Dakota School of Business, who said it got it from one of his … [Read more...]
Working From Home What's Deductible? In Redwood City what will the IRS allow you to write off on your taxes for your home office? If you work from home, even on a part-time basis, you can probably save a few dollars come tax time. That’s because you can write off as a business expense part of the cost of owning and operating your home. … [Read more...]
I am filing my taxes later than usual this year. The extension time is up and I must file my taxes if I don’t want to go to jail or face a lengthy audit by our friends over at the IRS. Yesterday, I came across this in my papers and thought it was right for my current situation. I believe this because the amount of taxes we Americans … [Read more...]
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Today Sotheby's International Realty
1250 San Carlos Avenue, Suite 101
San Carlos, CA 94070
DRE#: 00605874
Serving Silicon Valley since 1976.
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