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Friday, May 18, 2018

We are happy to announce 465 18th Avenue South in Aqualane Shores closed on July 13th, 2018!  Congratulations to the new Buyers!! 

 

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Sunday, December 17, 2017

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Friday, December 1, 2017

You are invited to join RMC Realty International Friday, December 1st from 2-5 PM as we host a Holiday Open House at 465 18th Ave South.

Call RMC Realty Internationl for more information.  239.352.6400

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Wednesday, January 30, 2013
Tags:   Home Sellers, 2012, home buyers, Property, Market, Sales Price, Vero Beach Real Estate

Congress’s down-to-the-wire fiscal cliff deal on tax changes, which included some goodies for home owners, has put the IRS behind the eight ball. It’s scrambling to create new tax forms and modify old ones to reflect the tax code changes.

So if you’re raring to collect your due (and you’re eligible to), time to get Zen and sit tight.

In case you missed it, Congress resurrected:

Mortgage cancellation relief

Energy tax credits

The PMI deduction

So that’s the cool part. Now for the paperwork part. What Kind of Delays are We Talking About?

The IRS was planning to have the 1040 — the workhorse form pretty much all of us have to fill out — on its website by Jan. 22. But now, it’s going to be Jan. 30. That means you can’t file your return until Jan. 30. It doesn’t matter if you file online or with paper — as far as filing is concerned, the IRS is closed for business until Jan. 30.

Still, that’s just over a week, and the various records you receive from banks, brokerages, and employers might not be ready until the end of January anyway. So it’s not a biggie.

But if you’re claiming the energy credits with Form 5695, you’ll have to wait longer. The IRS doesn’t even know when that form, along with many others, will be available. End of February? Beginning of March? Stay tuned.

Regardless, you should still be able to meet the April 15 deadline.

For now, gather your paperwork, such as proof of any credits you’re entitled to, so when the IRS is ready, you are, too. And check with your tax pro or customer service department of the software you use to make sure they’re up to speed as well.

In a rush to claim the home owner tax benefits Congress reinstated? Not so fast. The IRS isn’t ready to accept your tax returns.

Congress’s down-to-the-wire fiscal cliff deal on tax changes, which included some goodies for home owners, has put the IRS behind the eight ball. It’s scrambling to create new tax forms and modify old ones to reflect the tax code changes.

So if you’re raring to collect your due (and you’re eligible to), time to get Zen and sit tight.

In case you missed it, Congress resurrected:

Mortgage cancellation relief

Energy tax credits

The PMI deduction

So that’s the cool part. Now for the paperwork part.

What Kind of Delays are We Talking About?

The IRS was planning to have the 1040 — the workhorse form pretty much all of us have to fill out — on its website by Jan. 22. But now, it’s going to be Jan. 30. That means you can’t file your return until Jan. 30. It doesn’t matter if you file online or with paper — as far as filing is concerned, the IRS is closed for business until Jan. 30.

Still, that’s just over a week, and the various records you receive from banks, brokerages, and employers might not be ready until the end of January anyway. So it’s not a biggie.

But if you’re claiming the energy credits with Form 5695, you’ll have to wait longer. The IRS doesn’t even know when that form, along with many others, will be available. End of February? Beginning of March? Stay tuned.

Regardless, you should still be able to meet the April 15 deadline.

For now, gather your paperwork, such as proof of any credits you’re entitled to, so when the IRS is ready, you are, too. And check with your tax pro or customer service department of the software you use to make sure they’re up to speed as well.

Comments: 0

Wednesday, January 30, 2013
Tags:   home buyers, Sales Price, 2012, Market, Home Sellers, Property, Vero Beach Real Estate

 

Home owners win two important tax benefits in the fiscal cliff deal.

The fiscal cliff deal Congress passed this week lets home owners keep the tax deduction for private mortgage insurance payments. It also says troubled home owners won’t owe income tax on amounts forgiven during a mortgage workout or foreclosure.

PMI is what you pay your lender each month if you put down less than 20% on a home, which protects the lender if you default on the home loan.

Without mortgage cancellation relief, home owners who have a portion of their mortgage forgiven as part of a workout plan, short sale, or foreclosure would have to pay income tax on the forgiven amount.

In addition, the American Taxpayer Relief Act of 2012 lets home owners continue to keep up to $500,000 ($250,000 for individuals) in home sale profits tax-free. Only home sellers whose income is $450,000 or above (or singles earning $400,000 or more) and who net more $500,000 on the sale of their home would pay taxes on the excess capital gains. For the vast majority of home sellers, there’s no change.

For those earning above the $400,000-$450,000 threshold, the cap gains rate would rise to 20% from 15%.

Congress extended the tax deductions for all mortgage insurance premiums and for state and local property taxes, which, along with the mortgage interest deduction, are important tax considerations for home owners and buyers.

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Wednesday, November 28, 2012
Tags:   home buyers, Sales Price, 2012, Market, Home Sellers, Property, Vero Beach Real Estate

Option 2: You might get a letter asking you to take down your decor.

Option 3: You might get fined for breaking condo rules.

Constructive ways to balance your need to deck the halls with condo rules that ban decorations:

Talk to your neighbors

Take your holiday case to the board

"Don’t criticize or start calling anyone names. Suggest to your board they amend their rules to allow for holiday decorations within limits," Poliakoff says. Offer to write an email or letter outlining a holiday decorating exception that runs during a set period like Dec. 15 to Jan. 1.

Check state laws on condo rules

"There are laws in some states that do allow the display of items such as religious items or wreaths," Poliakoff says.

If you can argue state law, sharing a copy of the law with the condo rule-makers may get them to change their minds about holiday decorations. If it doesn’t, you can consult a lawyer to find out about how much it will cost to sue your condo board to force it to follow state laws.

By: Marcia Jedd

For more information on local holiday rules, contact Bristol Properties International via email at Bristol@BristolRE.com. 

Check your condo rules before you put up that menorah or Santa decoration, or you might find yourself taking your holiday decorations down a lot sooner than you planned.

 

If you’re one of the 62 million Americans living in condo and home owners associations (HOAs), you don’t get to take a holiday break from condo rules. Humbug, you say? Well…

"A hallmark of a shared ownership community is that you give up some of your rights for the good of the community. If there are restrictions involving holiday decorations, including lights and signage, you’re generally bound by them," says Ryan Poliakoff, co-author of New Neighborhoods: The Consumer’s Guide to Condominium, Co-Op and HOA Living.

I want to flout condo rules and put up holiday decorations despite an HOA rule banning them. What’s going to happen to me?

Option 1: Nothing may happen because the HOA rules aren’t enforced.

 

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SOLD - 465 18th Avenue South
We are happy to announce 465 18th Avenue South in Aqualane Shores closed on July 13th, 2018! ...

Holiday Open House
You are invited to join RMC Realty International Friday, December 1st from 2-5 PM as we...