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Facing capital gains on investment property? Here’s one way to defer taxes

Facing capital gains on investment property? Here’s one way to defer taxes. WASHINGTON – Feb. 13, 2012 – “Taxation with representation ain’t so hot either.” – Gerald Barzan, humorist If you own investment property, Read More...
Posted Monday, February 13, 2012 4:09 PM by Chaim Gleitmann CIPS | 0 Comments

You may owe federal income taxes in 2013 if you have a short sale, foreclosure

WASHINGTON – Jan. 9, 2012 – You may owe federal income taxes in 2013 if you have a short sale, foreclosure after this year. Now is the time to make the hard decision: Are you going to walk away from your underwater home? Uncle Sam is still Read More...
Posted Monday, January 09, 2012 2:57 PM by Chaim Gleitmann CIPS | 0 Comments

IRS Kicks Off 2012 Tax Season with Deadline Extended to April 17

IRS YouTube Video: April 17th Tax Deadline WASHINGTON — The Internal Revenue Service today opened the 2012 tax filing season by announcing that taxpayers have until April 17 to file their tax returns. The IRS encourages taxpayers to e-file as it Read More...
Posted Wednesday, January 04, 2012 2:32 PM by Chaim Gleitmann CIPS | 0 Comments

Homebuyers’ top questions about the tax credit

The Florida Open House Weekend, April 10-11, is the last, best opportunity to secure up to $8,000 in tax credits for first-time homebuyers (up to $6,500 for move-up buyers). According to the National Association of Home Builders, the following are top Read More...
Posted Tuesday, March 30, 2010 3:06 PM by Chaim Gleitmann CIPS | 0 Comments

Internal Revenue Service Releases New Home Buyer Credit Form

The Internal Revenue Service recently released the new form that eligible home buyers need to claim the first-time home buyer credit this tax season and announced processing of those tax returns will begin in mid-February. The IRS also announced new documentation Read More...
Posted Tuesday, January 19, 2010 9:16 AM by Chaim Gleitmann CIPS | 121 Comments

Q&A clears the air about homebuyer tax credits

If you’re in the market for a home, the world is your oyster. Interest rates are at record lows. Housing prices in many parts of the country are still depressed. And you may be eligible for a generous tax break, even if the home you buy isn’t Read More...
Posted Wednesday, November 25, 2009 12:58 PM by Chaim Gleitmann CIPS | 0 Comments

Buying a Home in Time to Get Credit

The new law extends the tax credit for first-time home buyers and opens it up to some existing homeowners as well: The credit is now up to $8,000 for first-time buyers and up to $6,500 for repeat buyers. All buyers must have a binding contract on a house Read More...
Posted Sunday, November 15, 2009 11:48 AM by Chaim Gleitmann CIPS | 0 Comments

Social Security 101 – Make Your Choice Wisely

Many Americans take Social Security early, at age 62, because they really need it. They’re in poor health or unemployed or both. Others take benefits early because they’re worried they’ll lose out on what’s rightfully theirs if Read More...
Posted Saturday, October 31, 2009 10:50 AM by Chaim Gleitmann CIPS | 0 Comments

Moving Expenses: Tax Advantages Of Your Relocation

Though moving can be rather expensive, still, you might be able to deduct a substantial portion of the cost from your taxes ! That’s good news for everyone when April comes. Still, there are a few rules governing the amount you can deduct. If you Read More...
Posted Friday, October 30, 2009 10:44 AM by Chaim Gleitmann CIPS | 0 Comments

What Are the Tax Advantages of Owning a Home?

It feels good to be a homeowner, and you’re going to feel even better when you take advantage of the tax cuts that are only available to homeowners. The shifting economy of the past year or so has created additional tax deductions . Plus, increasing Read More...
Posted Tuesday, October 27, 2009 1:24 PM by Chaim Gleitmann CIPS | 0 Comments