The Moeller Team Blog
As a CPA and Realtor, I provide my clients and Real Estates associates insight into both tax issues and market issues impacting our industry.
ARCHIVED BLOG POSTS
2008
Do you expect to have more taxable income in 2008 or 2009? It's one of the first question I ask people who ask me for last minute tax advice. When most people think of tax planning the last week of December (or the last day!), it's all about finding last minute deductions - charity, prepaying the...
12/31/2008
Demand is up ... and holding According to the latest home sales figures from DataQuick, Orange County demand is up 40% compared with the same time last year. In fact, demand is on track for its 6th consecutive month of year-to-year increases. This is good news for the real estate market and a ver...
12/31/2008
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Will prices continue to decline this year? I'm betting on a sure "yes". We can expect more foreclosures, more short sales, more trouble for the economy. So, should we wait to buy? Heck no. Now is the BEST time to look at the inventory, secure a low interest rate while they are still available and...
12/30/2008
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Not sure what to do today? Today and tomorrow are great days to clean house and figure out what you can give to those who are less fortunate. Of course, an ancillary benefit is the wonderful tax deduction.And here are my quick tips: 1. Prepare a detailed list of the items your are donating. Ask t...
12/30/2008
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I don't normally reblog the same issue, but this is getting ridiculous. Dear Fellow Realtors: Please do not write "MLS Updated Daily ... do not call for status" Why? Because it's usually NOT true! And if it is true - good for you - you are in the 10% group. Nevertheless, why not just welcome call...
12/29/2008
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Last year, the President approved the "Mortgage Forgiveness Debt Relief Act of 2007". This legislation excludes the discharge of indebtedness from taxable income. Wow, that's great, right? Maybe. Before you enjoy the wave of relief or bring up this wonderful nugget at the next dinner party, be aw...
12/28/2008
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With all the yard signs and advertisements promising to help homeowners facing foreclosure "save their credit" or "modify their loan" or "avoid bankruptcy", it's tough to know where to turn. Should a homeowner attempt to modify their loan, short sale their home or allow the bank to foreclose? Her...
12/28/2008
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