Special offer

New Haven County, CT Real Estate News

By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
I am a tax attorney in New Haven, Connecticut that help taxpayers dealing with IRS audits and back balances all over the country. For S Corporation owners having a grasp and making the right call on compensation is not just smart business practice—it's a vital part of following IRS rules. Reasonable compensation ensures that shareholder employees are fairly paid for their efforts while steering clear of tax complications. In this piece we'll delve into what reasonable compensation involves, its importance and how S Corporation owners can smoothly navigate IRS guidelines.Reasonable compensation as defined by the IRS refers to the pay that would typically be given for services in circumstances by comparable businesses. Essentially it's the salary a shareholder employee would earn for thei...
Comments 1
By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
I represent taxpayers with tax issues in New Haven, Connecticut as well as all over the country before the IRS, Department of Justice Tax Division and State Departments of Revenue.  The IRS knows there are more than 10 million non-filers and has known who they are for several years now.  Last week the IRS announced the long awaited move against the top 125,000 high-income non-filers is starting. For those who haven't filed their taxes there are a few initial considerations: How many years must they file? Should they just file or should they request Voluntary Disclosure? Compliance with tax regulations goes beyond avoiding penalties; it involves maintaining your filing and payment compliance and working out an arrangement on any back-taxes owed. Submitting tax returns on time is vital—ev...
Comments 0
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
March 4, 2024 Market Trends For Waterbury CT's West End Side, Zip 06708The 06708 Zip code encompasses the west side of Waterbury with 4 neighborhoods known as Brooklyn, Town Plot, Lower and Upper Bunker Hill. It is also the largest zip code in Waterbury. There are currently 24 active listings in the 06708 zip code with the average value of the homes for sale in Waterbury's 06708 zip code available for sale is $310,960 with average days in market of 42. There are also currently 21 properties under pending status and 20 properties under hard deposit contracts.For the year 2023 were 255 closed listings in the 06708 zip code of Waterbury with an average sales price of $273,459 and average days on market of 38.  In addition the closed properties sold at 100% of list.This suggests an absorpti...
Comments 13
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
2024 Is the Time to Sell Your Prospect CT Home The market shift the past 3 years have created a perfect storm for home sellers. Even though interest rates are not as low as they were a few short years ago, the shortage of available properties to buy and the desire to own one's own home have buyers anxious.The chart below shows the extraordinary rise in values within the past few years with sellers holding more equity in their homes than ever before.  Since 2020, the average home in Prospect CT increased equity by over 40%. This is far greater than the typical 2-3% appreciation in values that would be normal.  Of course, it would also help to have an idea of the value of the home in the current market here in Prospect CT.  A current Market Evaluation on your home will give you the value ...
Comments 9
By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
I am a tax attorney in New Haven, Connecticut that helps taxpayers struggling with tax debt all over the country.  Dealing with tax matters can feel overwhelming, for any taxpayer. Whether its dealing with mounting debts or the looming threat of IRS enforcement actions the financial strain can be quite daunting. Fortunately there are options to help individuals facing challenges one being the option to acquire Uncollectible Status, also known as Currently Not Collectible (CNC) status from the IRS.Uncollectible status offers a relief for taxpayers experiencing hardship and unable to fulfill their tax obligations. When granted status the IRS puts a pause on collection activities providing some respite from asset or income levies. Despite the tax debt remaining in place there are advantage...
Comments 3
By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
I am a tax attorney in New Haven, Connecticut that helps taxpayers struggling with tax debt all over the country.  Facing a tax debt can be a daunting experience, but the IRS offers options for taxpayers to manage their obligations through installment agreements. However, these agreements come with their own set of rules and considerations that taxpayers and practitioners must understand to navigate effectively.An installment agreement is essentially a structured payment plan between the IRS and a taxpayer to settle back taxes over a period of time, typically in monthly installments. While it offers relief by spreading out the payments, there are key points to grasp before initiating negotiations.Firstly, it's crucial to acknowledge the IRS's stance on installment agreements. The IRS ai...
Comments 3
By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
I am a tax attorney in New Haven, Connecticut that helps taxpayers struggling with tax debt all over the country.  If you are feeling overwhelmed by mounting tax obligations, you're not alone. Luckily there's a solution that could ease your burden; the IRS Offer in Compromise (OIC) program. This program offers hope to those facing hardship by providing a way to settle tax liabilities for less than the amount owed. In this article we'll take a look at the IRS OIC program discussing its eligibility requirements, application process and important factors to consider.The IRS OIC program is designed for taxpayers who may not have the ability to repay their tax debts in full. It allows qualifying individuals to negotiate a reduced settlement amount with the IRS under conditions. A key aspect ...
Comments 0
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What’s My Cheshire CT Home Worth, Market Statistics for January 2024 Cheshire is a town in New Haven County offering a high quality of life. It has a population of app 29,000. It offers an easy commute to New Haven CT of 14 miles; it borders Waterbury CT and is just 25 miles south of Hartford, the state capital. Currently in Cheshire CT there are 29 active residential listings for sale. They range from a 1,250 square ft, 2-bedroom ranch listed at $259,900 to a 4,143 square ft, 4-bedroom contemporary farm house, horse farm on 35 acres listed at $3,500,000. The average list price of the homes currently available for sale under $1,000,000 in Cheshire CT is $702,800. The average days on market for these homes is 131 days. With the large properties included, the average list price jumps to $...
Comments 12
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Now is the Time to Prepare to Sell Your Waterbury CT Home in 2024  For Waterbury CT Home owners that are looking to sell their home in 2024, it is essential to make the home as attractive as possible and to ensure that it gets its best exposure.  While it is still too cold to do anything outside, the inside of the home can be addressed so as to make it ready for a spring market. Homeowners must be mindful to start a list of repairs that need to be addressed as the hot sales market is still there and buyers want a move-in ready home and are prepared to buy a well-maintained house.Pre-Listing InspectionIf you have been in the use for a while, it might be a good idea to bring in a professional inspector to evaluate the house. A trained eye is objective and will see things that a homeowner ...
Comments 9
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
January 2024 Real Estate Sales Report for Wolcott CTWhat’s My Wolcott CT Home’s Value January 2024Wolcott CT is a town bordered by Bristol and Southington in Hartford county, and Waterbury in New Haven county. It is primarily a suburban town located 80 miles from New York City with a commute of 20 miles to Hartford and 30 miles to New Haven. Only slightly greater than 50% of the towns land is developed as residential housing and commercial, light industrial businesses.Currently in Wolcott CT there are 10 active residential listings for sale. The homes for sale in Wolcott CT range from a 720 square ft, 2-bedroom ranch listed at $229,900 to a 4,681 square ft, 5-bedroom contemporary listed at $1,100,000.  Search for Homes in Wolcott CT The average list price of the homes currently availabl...
Comments 11
By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
The focus of my practice is civil and criminal tax representation, including helping taxpayers seek innocent spouse relief from the IRS.Navigating the complexities of tax law can be a daunting task, especially when it comes to joint tax returns and the potential liabilities they entail. Married taxpayers who file jointly with their spouses often find themselves in situations where they are unfairly held responsible for tax liabilities that they believe should not be their burden to bear. However, relief may be available through the IRS Innocent Spouse Relief provisions outlined in Internal Revenue Code (IRC) Section 6015.When considering Innocent Spouse Relief, the first crucial step is determining whether a joint tax return was filed. This seemingly simple question can sometimes lead t...
Comments 0
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Tips For Getting Your Wolcott CT Home Ready to Sell in 2024  For Wolcott CT Home owners that are looking to sell their home in 2024, it is essential to make the home as attractive as possible and to ensure that it gets its best exposure.  While it is still too cold to do anything outside, the inside of the home can be addressed so as to make it ready for a spring market. Homeowners must be mindful to start a list of repairs that need to be addressed as the hot sales market is still there and buyers want a move-in ready home and are prepared to buy a well maintained house.Pre-Listing InspectionIf you have been in the use for a while, it might be a good idea to bring in a professional inspector to evaluate the house. A trained eye is objective and will see things that a homeowner may not....
Comments 5
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What’s My Waterbury CT Home’s Value January 2024Waterbury CT is the second largest town in New Haven County with a population of app115,000. It is 33 miles southwest of Hartford, 25 miles north of New Haven and 77 miles northwest of New York City. The larger factories that once dominated the Connecticut manufacturing economy are no longer in Waterbury, essentially changing form the brass mills they used for raw materials and converting to cheaper and lighter aluminum or plastic. Currently in Waterbury CT there are 48 active residential listings for sale. The homes for sale in Waterbury CT range from an 1,024 square ft, 3-bedroom row-house listed at $155,000 to a 1,215 square ft, 2-bedroom cape listed at $750,000. These listings are within the town zip codes of 06702, 06704, 06705, 06706...
Comments 9
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
CT Leads by Example with Disclosure on CompensationWith all the anxiety generated across the country in real estate starting with the realignment and change in NAR over the lawsuits for compensation, our State Real estate commission has reconfigured our listing forms with clarity over compensation and how it will be paid.The issue with compensation nationally is not impacting with our state as harsh as our forms have been very detailed as to what was being paid and how.The new forms take it further and require sellers to acknowledge with their initials and signatures the amount of the fees they are giving to the listing agent and how much of that is being given to a buyer's agent.Compensation to Cooperating Brokers:  Broker has explained Cooperative Compensation and Seller(s) understand...
Comments 14
By Rob McConville, CT Shoreline Real Estate Expert
(Coldwell Banker Choice Properties)
In Branford, Connecticut, there are several condo complexes offering a range of amenities and housing options. Some of the notable condo complexes in Branford include:The Greens Condominiums: Located off Hosley Avenue, The Greens Condominiums offer spacious units with modern amenities. The complex features landscaped grounds, a swimming pool, tennis courts, and a clubhouse.Harbour Village: Situated along the Branford River, Harbour Village offers waterfront living with scenic views of the marina and Long Island Sound. Residents enjoy access to a private beach, boat slips, and clubhouse facilities.Turtle Bay: Nestled in a wooded setting off Route 146, Turtle Bay Condominiums provide a tranquil retreat close to nature. The complex features townhouse-style units with attached garages, as w...
Comments 2
By Rob McConville, CT Shoreline Real Estate Expert
(Coldwell Banker Choice Properties)
Nestled along the picturesque coastline of Connecticut lies a charming town waiting to be explored: Madison. With its rich history, stunning beaches, and vibrant community, Madison offers visitors a delightful blend of small-town charm and coastal beauty. Let's take a closer look at what makes Madison, CT, a hidden gem on Connecticut's shoreline.A Historic HavenMadison's history dates back centuries, with its roots firmly planted in colonial times. Originally inhabited by the indigenous Mattabesett tribe, European settlers arrived in the 17th century, shaping the town's development. Today, Madison boasts a wealth of historic landmarks and sites that provide a glimpse into its past.One notable attraction is the Deacon John Grave House, a meticulously preserved colonial home dating back t...
Comments 3
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What Happened in The Prospect CT Real Estate Market Prospect January 2024?   Prospect CT is a town of App 11,000 residents located in New Haven County. It is bordered by Waterbury, Cheshire, Naugatuck and Bethany.  Once noted by Money Magazine as one of the top 300 towns in the Nation, it has since adopted the title of Best Small town in CT.It serves as a predominately residential community whose residents commute to the nearby towns.  It has a well-recognized regional school system shared with Beacon Falls CT.  It is also recognized as a well-managed town with taxes under control.  Search for homes in Prospect CTCurrently in Prospect CT there are 6 active residential listings for sale. The homes for sale in Prospect CT range from a 1,584 square ft, 4-bedroom ranch listed at $365,000 to...
Comments 4
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
February 5, 2024 Market Trends For Waterbury CT's West End Side, Zip 06708The 06708 Zip code encompasses the west side of Waterbury with 4 neighborhoods known as Brooklyn, Town Plot, Lower and Upper Bunker Hill. It is also the largest zip code in Waterbury. There are currently 19 active listings in the 06708 zip code with the average value of the homes for sale in Waterbury's 06708 zip code available for sale is $302,816 with average days in market of 73. There are also currently 17 properties under pending status and 11 properties under hard deposit contracts.For the year 2023 were 257 closed listings in the 06708 zip code of Waterbury with an average sales price of $276,550 and average days on market of 35.  In addition, the closed properties sold at 102% of list.This suggests an abso...
Comments 8
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Groundhog's Day 2024 in Prospect CTIt's Groundhog Day, and as the tradition offers, if the burrowing rodent doesn't see its shadow when it peeks from its burrow, then it's a sign that we are in for an early spring.It's not likely that the little guy saw his shadow today for 2 reasons.The power went out in town early morning and was off for 3 hours so his alarm may not have worked.It's overcast and raining which is a better reason.Regardless, I welcome an early chase to the cold weather and will be appreciative of warm days when we return from the south.I hope Bill Muray has the same results we experienced and will face a new day tomorrow so he can watch the team his son coaches win another basketball game, unless he's enjoying the Pro-Am at Pebble Beach.Groundhog's Day 2024 in Prospect ...
Comments 8
By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags at A Prospect CT Veterinary FacilityThe one nicety of a brisk day in winter is that the wind creates enough movement to make finding flags waving easier. Such was the case with a set-back flag that was still in the holiday spirit in Prospect CT recently.This is the location of the Prospect Veterinary hospital on the Waterbury Rd in Prospect CT. It not only tends to sick animals, but in the same building is a training and boarding facility.A one stop location for all a pets' needs for residents of Prospect CT and surrounding towns.And just for people that can't read quickly, the rest of the facade has a visual that may offer an insight as to what gets served within.If it's good enough for a celebrity like Snoopy, then the family pet will also get good attention as well.Frida...
Comments 6