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IRS tells homeowners how to get tax relief if a lender forgives part of their debt. - 03/26/10 07:22 AM
The Los Angeles Times: IRS tells homeowners how to get tax relief if a lender forgives part of their debt.
Generally, the Internal Revenue Service (IRS) treats debt forgiveness by a creditor as taxable income. However, under federal legislation that took effect in 2007, certain home mortgage debt cancellations—such as loan modifications, short sales, or foreclosures—may be exempted from federal taxes. Other exemptions are also available.
• Homeowners considering a loan modification, short sale, or foreclosure should note that the federal tax exclusion under the Mortgage Forgiveness Debt Relief Act of 2007 only applies to mortgage balances on a qualified … (0 comments)
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California Governor signs home tax credit bill. - 03/26/10 07:09 AM
Governor signs home tax credit bill Governor Schwarzenegger today signed AB 183 providing $200 million for home buyer tax credits. The bill allocates $100 million for qualified first-time home buyers who purchase existing homes and $100 million for purchasers of new, or previously unoccupied, homes. Eligible taxpayers who close escrow on qualified principal residences between May 1, 2010 and December, 31, 2010, or who close escrow on a qualified principal residence on and after December 31, 2010 and before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010, will be able to take the … (1 comments)
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Costa Mesa, CA. South Coast Metro, located in Orange County California! - 03/16/10 07:04 AM
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Costa Mesa Real Estate For Sale! Expanded large single story with RV access! Orange County California! - 03/16/10 06:59 AM
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Time is running out for Orange County California Real Estate! Don't miss the Boat! - 03/14/10 05:05 PM
It's the best news in real estate since last year's First Time Home Buyers Tax Credit: an estimated $22 billion will pump into our economy as a result of the government not only extending the tax credit, but including current homeowners, too.
The existing $8,000 maximum credit stays in place for first-time buyers. A "first-time" buyer is one who has not owned a home during the three years prior to the purchase. However, repeat buyers who have lived in their home for five of the past eight years may also qualify for up to a $6,500 tax credit on their … (0 comments)
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SPECIAL EVENTS | Youth Expo 2010 | OC Fair and Event Center | OC Fair and Event Center - 03/13/10 08:57 AM
Here is a favorite event our kids enjoy going too!
Sparkoc.com - SPECIAL EVENTS | Youth Expo 2010 | OC Fair and Event Center | OC Fair and Event Center.
Larry Weichman is President and Broker of Costa Mesa-based real estate powerhouse Weichman Realtors. Larry and his highly trained team of professionals have proudly served Costa Mesa since 1976. For questions about an upcoming sale or purchase, call him directly at 714-241-4532 or email your questions to Larry@TeamWeichman.com. Be sure to visit www.TeamWeichman.com for the latest news and information on the Orange County real estate market.
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WEICHMAN REALTORS PARTNERS WITH CALIFORNIA STATE ASSEMBLYMAN - 03/12/10 11:36 PM
Assemblyman Van Tran meets with the 68th Assembly District Small Business Advisory Council.
WEICHMAN REALTORS PARTNERS WITH CALIFORNIA STATE ASSEMBLYMAN VAN TRAN TO CREATE JOBS FOR COSTA MESA/ORANGE COUNTY RESIDENTS
COSTA MESA, CA-On Friday, February 26, 2010, Larry Weichman, Broker/President of Weichman Realtors, participated in a meeting of local small businesses hosted by California State Assemblyman Van Tran to discuss ideas for job creation in Orange County. This meeting was called The 68th Assembly District Small Business Advisory Council provides small business owners an opportunity to have their concerns heard and a chance to improve the business climate in California. … (0 comments)
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Costa Mesa Chamber of Commerce Presents ALLAN ROEDER, COSTA MESA CITY MANAGER - 03/04/10 05:59 PM
Costa Mesa Chamber of Commerce Presents ALLAN ROEDER, COSTA MESA CITY MANAGER
"Municipal Finance 101 - What it Means to You"
· How bad has the recession impacted Costa Mesa?
· What is being done to cut the budget?
· With City revenues down, can businesses expect a tax increase?
· Will it get worse before it gets better?
90-Minute Breakfast Boost 7:00 am - 8:45 am, Thursday, March 18, 2010 Costa Mesa Country Club 1701 Golf Course Dr., Costa Mesa Prepaid reservations: $15 $20 at the door Please RSVP to Sandy Roy at (714) 885-9090 or e-pay online at … (0 comments)
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Larry Weichman Meets with Assemblyman Van Tran to Discuss Costa Mesa Small Business Issues. - 03/04/10 01:08 PM
2/26/2010 Van Tran Meets With Local Small Businesses To Discuss Job Creation.
Dave Everett (951) 233-7804 (Orange County, CA) - Assemblyman Van Tran today hosted a meeting of local small businesses to discuss ideas for job creation in Orange County. The 68th Assembly District Small Business Advisory Council provides small business owners an opportunity to have their concerns heard and a chance to improve the business climate in California. "Small businesses are the backbone of our economy," said Tran after the meeting. "We must do something to help our economy get back on track, and get people back to work. … (0 comments)
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Larry Weichman
Costa Mesa,
CA
More about me…
Weichman Realtors, A Trusted Name In Costa Mesa Real Estate
Address: 1503 South Coast Drive, Suite 130, Costa Mesa, CA, 92626
Office Phone: (714) 241-4532
Cell Phone: (714) 863-5739
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