tax advisors: THE NEW STRATEGY ON HOW TO HANDLE REAL ESTATE....it's a sure thing
- 10/12/10 03:24 AM
Here it is in a nutshell. To purchase land and hold on to it works....that is how simple it is. Find something that you want. Interest rates are low and market values are staying true and current. Buy it, and then hold onto it.....BUT WAIT...there is more. I want you to do one other thing.....PAY IT OFF.... 1. If you do pay off your mortgage early, you will eventually lose some tax write-off....BUT, you will never have to worry about a place to stay ever again. To me, that is a good trade. Rent or own, we need shelter......yes? 2. 401 … (6 comments)
tax advisors: TAX HIKES TO KICK IN...January-1st, 2011...The Rich Get & Stay...Richer
- 09/11/10 01:47 AM
Tax hikes are scheduled to take effect and are aimed specifically at families and small businesses. While this is not a subject that I have a firm grasp on, I will share just what I do know and perhaps others more knowledgeable can contribute Tax cuts that were enacted in early 2003 will expire on the title date. Investors, families and small business stand to be affected. The top personal income tax is going from 35% to over 39%. The 25% rate goes to 28%. The 28% goes to 31%. The 33% goes to 36%. Low rates will rise from 10% … (8 comments)
tax advisors: SHORT SALE TAXATION........GOOD TO KNOW DATA FOR THE SHORT SELLERS.........
- 05/27/10 02:20 AM
Fellow Agents, Principals and Professionals....SHORT SALE TAXATION TALKING POINTS....... NOTE: This is not intended to be Tax advice. Real Estate Agents like myself just don't do that. However, I am sharing some knowledge that you can verify at your leisure and act accordingly..... According to the IRS, ........if you owe a debt to someone else and that someone else cancels or forgives that debt, the canceled amount may be taxable. This can come about from a short sale, a foreclosure or a principal reduction..... Having a non-recoursee loan will not exclude you from this... The lender will issue a 1099 C … (9 comments)
Here it is in a nutshell. To purchase land and hold on to it works....that is how simple it is. Find something that you want. Interest rates are low and market values are staying true and current. Buy it, and then hold onto it.....BUT WAIT...there is more. I want you to do one other thing.....PAY IT OFF....
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