Tax planning ideas for individuals, businesses, estates and trusts, Ideas for building an extraordinary business, News about Financial Insider Weekly television series episodes
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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
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
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
On this week’s interview on Financial Insider Weekly we discuss investing in real estate foreclosure pages or REOs.
Tags: foreclosure, investing, real estate, REO
Governor Schwartzenegger vetoed SBX8 32 last Thursday, March 25, 2010. The bill included many provisions conforming California tax laws to Federal tax laws, including a limited conformity to an exclusion from taxable income for cancellation of debt for a principal residence.
Tags: california, cancel, debt, residence
This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Wednesday, March 17, is with Tom Anderson, President and CEO of Pensco Trust. We discuss “Real Estate Investments In Your IRA or Roth Accounts”.
Tags: ira, real estate, roth ira
The 1099 form is just the starting point for reporting cancellation of debt income. This is one time that hiring a professional tax return preparer who is familiar with the rules can be a worthwhile investment.
Starting with 2009 federal income tax returns, taxpayers will be required to attach certain documents in order to claim the New Homebuyer Credit. A new credit of up to $6,500 is available to taxpayers who have lived in a residence for more than five years, but they might have trouble finding documents to prove their residence during the five-year period.
Tags: homebuyers credit