The Tax Preparation Blog

Posts Tagged ‘social’

Question: I have an IRS tax lien and poor credit. My income is over $63,000 a year and I want apply for a home loan..do ?

I am paying $1675 for rent and I’d like to try to put this toward the purchase of my own home. I live in San Diego California..any tips?

Answer: If you can’t qualify for regular financing, you can see about seller financing called different things in different states like deed for trust & land contract (LC) though you will have to have a larger down payment and possibly a shorter term. Bought a home with $10,000.00 down and seller financing for 7 years this way with he balance due in the 7 years which is when I will get a regular mortgage. A good site to check out is Owner Will Carry. http://www.ownerwillcarry.com & join the Yahoo Group, you will see it on the main page. Lotsa info there and listings by state. Some sellers will do 30 year financing. I am thinking with the credit squeeze in our current economy now that more sellers will offer seller financing. Remember though that your options will be limited since it would not be regular financing, so maybe be open to a fixer upper home. Good luck!

Mary in Camden, MI

PS~
Also research “seller financing” online to understand how it works.

PSS~
If a realtor says s/he has no seller financed homes or will not even give you the time of day, move on & sooner or later someone will. I contacted many sellers on Craig’s List when we were looking and if you know what kind of down payment and monthly payments you can do, many will talk. Just make sure it’s done legally! A LC should have an actual closing just like a regular mortgage and that will usually be the buyers financial responsibility to pay for. Here in Michigan closing was only $250.00.

Business briefs: Valley BBB warns of fraud

IN BRIEF Bee staff and news services

683-MUS #12……Montana FREEMEN in court……….

AZZ incorporated Reports Year-To-Date and Third Quarter Results of…

AZZ , a manufacturer of electrical products and a provider of galvanizing services today announced unaudited financial results for the three and nine-month periods ended November 30, 2009. Revenues fo…

Roth IRA Conversion 2010

What Vince Gray Is Waiting For: Loose Lips Daily – City Desk – Washington City Paper

Morning all. D.C. Council Chairman Vincent C. Gray ‘might be the only politician standing between Mayor Adrian M. Fenty and a second term,’ write Tim Craig and Nikita Stewart in an extensive WaPo piece this morning on Gray’s decision to run.

Property Cayman Islands Grand Cayman real estate

Question: can i still tax my car when log book is in old address?

so if i change my details online i can still go to the post office 2moro and get my car tax?

Answer: Yes but not online, take log book to post office with new address penned in on sec. 6 with your insurance + MOT certificates.

You will get tax over the counter and they will take log book off you and send it to DVLA for you.

Local experts and former officials offer Blake a few words of advice

Local experts and former officials offer suggestions on how Stephanie C. Rawlings-Blake should tackle the city’s challenges A s the daughter of a renowned state legislator and a member of the Baltimore City Council for nearly her entire adult life, Stephanie C. Rawlings-Blake has seen the city transform in the hands of numerous leaders. On Feb. 4, when she is sworn in as the city’s 49th mayor …

How To Find A Good Online Business in New Jersey

Question: Regarding US citizen retireing to a free world country.?

If a US citizen who is now retired & drawing SSSA & a military retirement decides to retire to a free world country ie; Philippines, my question is this. Are those annuities still subject to Federal Income Tax as well as CA state taxes?

Answer: Thats a good question.

I would suggest that you consult a tax attorney near you or try and speak with someone in the IRS to be sure.

It’s best to be absolutely sure so that the American government won’t try and stick you with tax evasion charges.

Good luck and have a great retirement.

Wales Appoints New Tax Collector

The Wales Town Board announced the impending retirement from town government of Shirley Schiltz, the longtime receiver of taxes and refuse clerk. Her resignation was accepted “with regret,” with Town Supervisor Rickey A. Venditti and fellow board members praising Schiltz for more than 22 years of service to Wales.

Oklahoma Senate Passes Bill to Provide Military with State Income Tax Exemption