Posted August 16th, 2010 by admin
This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Wednesday, August 18, is with attorney and CPA Scott Haislet. We discuss Scott’s experiences helping clients with real estate short sales and foreclosures. The interview will be broadcast at 7:00 p.m. Pacific Time on Comcast Channel 15 in [...]
Tags: estate, foreclosure, real, sale, short, Tax matters
Posted July 12th, 2010 by admin
This week’s interview on Financial Insider Weekly is with attorney and CPA Scott Haislet about income tax rules for the sale of a principal residence.
Tags: home, residence, sale, Tax matters
Posted July 6th, 2010 by admin
This week’s interview on Financial Insider Weekly is with attorney and CPA Scott Haislet about tax deferred (1031) exchanges.
Tags: 1031, estate, exchange, real, Tax matters
Posted June 28th, 2010 by admin
This week’s interview on Financial Insider Weekly is with attorney Michael Malte about what you should know about bankruptcy for individuals.
Tags: bankrupt, foreclosure, sale, short
Posted June 14th, 2010 by admin
This week’s interview on Financial Insider Weekly is with Craig Martin, CFP of The Family Wealth Consulting Group. We talk about real etate as an investment alternative for a risk-managed portfolio.
Tags: estate, investment, portfolio, real
Posted May 28th, 2010 by admin
California has adopted tax credits for new home purchases and first-time homebuyers. The credits are available for qualified taxpayers who purchase a qualified residence on or after May 1, 2010 and before January 1, 2011. Since there are ceilings on the total credits available for all taxpayers, it will be wise to apply for them early.
Tags: california, credit, estate, home, real, Tax matters
Posted May 19th, 2010 by admin
According to Revenue Ruling 92-92 and page 3 of IRS Publication 4681, cancellation of debt attributable to passive activity expenditures, such as purchase of the rental property, is passive activity income. For a rental property, the debt cancellation income should be included on line 3 of Schedule E as “rental income” for the property.
Tags: cancel, debt, foreclosure, sale, short
Posted May 3rd, 2010 by admin
On this week’s Financial Insider Weekly interview to be broadcast in San Jose and Campbell May 5 we discuss California real estate change of ownership rules as they relate to estate planning and business tax planning.
Tags: california, estate, real, reassessment
Posted April 22nd, 2010 by admin
California has enacted relief legislation for cancellation of mortgage debt relating to the acquisition of a principal residence, effective for taxable years 2009 through 2012.
Tags: california, cancellation, debt, residence, Tax matters
Posted April 19th, 2010 by admin
On the Financial Insider Weekly interview to be broadcast in San Jose and Campbell this Wed, April 21 at 4:30 pm Comcast Ch 15, I discuss with Lori Greymont real estate investment alternatives other than real estate foreclosure packages or REOs
Tags: estate, investment, real