SUZANNE
COLDWELL BANKER
THE AREA
TESTIMONIALS
BUYERS INFO
SELLERS INFO
MARKETING INFO
SERVICES
MORTGAGE CALCULATOR
REQUEST INFO FORM
REQUEST PRICE COMPARISON
GET PREQUALIFIED
CONTACT SUZANNE
About Featured Listings Homes, Land, Condos Best Buys Real Estate Blog Buyers/Sellers Info Contact Information Return to Home Page


Bringing Beautiful Mammoth and Eastern Sierra Properties to You      
 
 
 
 
 
Real Estate Blog
   
 

Viewing by month: February 2011

Feb 26 2011

IRS Trying to Help People with Delinquent Tax Bills...

The Internal Revenue Service says it's trying to help people who are struggling to pay delinquent tax bills, so it's reducing the number of property liens and easing rules for small businesses to enter into installment agreements.

As the economy has soured, the agency has filed an increasing number of liens on property owned by delinquent taxpayers. The IRS filed nearly 1.1 million liens in the fiscal year that ended in September, compared with 426,000 in 2001.

The steps announced Thursday will double the amount of back taxes a person can owe to $10,000 before facing a possible lien. Previously, taxpayers who owed at least $5,000 and ignored numerous IRS notices would get an automatic lien placed on their property.

The change will make it easier for people to have liens withdrawn once tax bills are paid or they start paying under certain installment plans. More taxpayers can settle their tax debt for less than they owe, if they meet certain income and debt requirements.

Small businesses with larger delinquent tax bills will be eligible for 24-month payment plans. Previously, the tax bill had to be less than $10,000; now it's up to $25,000.

The agency believes the changes "will help people trying to get right with their taxes and we think it strikes the right balance to protect the interests of the government," said Doug Shulman, the IRS Commissioner Doug Shulman said.

32 comments - Posted by Suzanne Baker at 6:17 PM - Categories:

Feb 17 2011

Wells Fargo Lowers the Credit Score Bar for FHA Mortgages

Wells Fargo & Co. has dramatically lowered credit score requirements for Federal Housing Administration mortgages, the first major lender to do so following pressure from the agency and housing advocates...

Read more...

78 comments - Posted by Suzanne Baker at 8:09 PM - Categories: Real Estate News

Feb 6 2011

Home Ownership and The American Dream

This is an interesting article from The National Association of Realtors...a good read and valuable informaiton for homeowners/buyers.

Read more...

36 comments - Posted by Suzanne Baker at 12:39 PM - Categories:

     
   
 
Coldwell Banker Mammoth Real Estate

© Suzanne Baker, Coldwell Banker Mammoth Real Estate. All rights reserved.
Site design & development by TJS Media. © Coldwell Banker Real Estate LLC. Coldwell BankerĀ® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity . Each Office Is Independently Owned And Operated.
Terms of Use
Privacy Policy