Posts Tagged ‘ Taxes ’

Short Sale tax rules to change in 2013

Feb 2nd, 2012 | By
Short Sale tax rules to change in 2013

Short Sale – now is the time to act!
A short-term IRS program that ignores lender-forgiven mortgage debt ends Dec. 31; if you need to short sale your home, you should consider listing now!
You may owe federal income taxes in 2013 if you have a short sale, foreclosure after this year. Now is the time to [...]



Fla. No. 5 nationally as ‘best for business’

Jan 27th, 2012 | By

Florida ranks among the 10 best states for taxes on business, while companies in states like New York, New Jersey and California have a far less pleasant tax climate, according to the Tax Foundation’s State Business Tax Climate Index, now in its 8th edition.
The Tax Foundation says it looks at dozens of state tax provisions [...]



Citizens Property Insurance screwing property owners

Jan 3rd, 2012 | By

Citizens Property Ins. raising costs by looking at details
but when you look into details you find, they are screwing their customers with intension.
Florida-owned Citizens Property Insurance can increase its rates no more than 10 percent per year, but the company has two options that allow it to raise rates without impacting that cap: nixing discounts [...]



2011 tax credits available for ‘green’ updates

Sep 23rd, 2011 | By

Adding green technology to a home can help homeowners save money in the long run, but some may not be able to afford the upfront investment. Several tax credits effective this year, however, can help homeowners – and buyers – save on green updates.
Here are two main tax credits available for those interested in making [...]



Tax Notices are Here but What do They Really Tell Us?

Sep 7th, 2011 | By

The deadline for filing a petition To contest the property value on your TRIM notice is September 9th.
Here’s an informative summary of and commentary about your property taxes:
Tax Notices are Here but What do They Really Tell Us?
BRADENTON — Tax notices are here, but what do they really tell us? Every year at this time, [...]



Ten Tax Tips for Individuals Who Are Moving This Summer

Aug 20th, 2011 | By

Summertime is a popular time for people with children to move since school is out. Moving can be expensive, but the IRS offers 10 tax tips on deducting some of those expenses if your move is related to starting a new job or a new job location.

Move must be closely related to start of work [...]



IRS’s top 10 tax tips for home sellers

Aug 20th, 2011 | By

From time to time the IRS releases tips designed to help people with their taxes. Some of these are quite useful.
If you have a gain from the sale of your main home, you may qualify to exclude all or part of that gain from your income. Here are ten tips from the IRS to keep [...]



Homebuyer tax credit causing headaches and trouble

Sep 17th, 2010 | By

TAMPA, Fla. – Sept. 17, 2010 – The federal homebuyer tax credit did its job to boost the real estate market, but many involved – from buyers to the IRS – have run into problems with confusing wording and stipulations.

The result: Hundreds of thousands who’ve already filed for the credit will have to give the [...]



The loss of homestead exemption through rental

Feb 24th, 2010 | By

The recent economic downturn has led to numerous battles between county property appraisers desperate to preserve revenue and homeowners desperate to generate additional income from their properties. A new battle ground has emerged as to the extent to which property appraisers can revoke the constitutional right to homestead where property owners rent out their homesteaded [...]



Property tax challenges just got easier

Jun 4th, 2009 | By

TALLAHASSEE, Fla. – June 4, 2009 – Home and business owners who think their local tax bill is too high caught a break today when Gov. Charlie Crist signed a bill that makes it easier to challenge how much a property is worth.
Flanked by business and real estate leaders, Crist put his name to HB [...]