Posted on January 5th, 2012 by Carlo Capomazza
With 2012, state laws kick in on everything from immigration to shark fins being allowed to be in soup. State legislatures passed close to 40,000 new laws in 2011, and a number of those measures take effect on Jan. 1. On some issues, like immigration, state laws are taking markedly different stands. But here’s what’s cooking in California.
Filed under: Commentary, Current Events, LA Area, Politics, Relocating to LA, Tax Issues, Visiting LA, VRN | No Comments »
Posted on December 29th, 2011 by Carlo Capomazza
By law, the dollar amounts for a variety of tax provisions, affecting virtually every taxpayer, must be revised each year to keep pace with inflation. New dollar amounts affecting 2012 returns, filed by most taxpayers in early 2013, include the following…
Filed under: IRS, Tax Issues, VRN | No Comments »
Posted on December 9th, 2011 by Carlo Capomazza
Help with a down payment With most lenders requiring borrowers to put down at least 20 percent as a down payment – unless using an FHA or VA loan, or purchasing mortgage insurance – the best holiday gift some people might receive would be help with a down payment on a house.
Filed under: Buying, Commentary, Finance, IRS, Money-Saving, Tax Issues, VRN | No Comments »
Posted on October 1st, 2011 by Carlo Capomazza
I don’t normally send out requests to sign petitions as I’m not sure how effective they are and I think we all get petitioned out. A personal call or letter to your elected official is often the best way to be heard.
* In this case though I think it is very important to respond to the request to sign the petition for the FairTax’s consideration on the whitehouse.gov site.
Filed under: Current Events, Economy, IRS, Petition, Politics, Tax Issues, VRN | 1 Comment »
Posted on September 17th, 2011 by Carlo Capomazza
The next night the tenth man didn’t show up for drinks so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!
Filed under: Commentary, Humor, Politics, Tax Issues | No Comments »
Posted on August 11th, 2011 by Carlo Capomazza
Recently enacted California legislation, CCP §580(e), was originally intended to put individual short sale sellers of 1-4 units, with regard to deficiency issues, in the same position as foreclosed individuals by prohibiting lenders in first position from seeking a deficiency after the short sale had closed. Even more recently the deficiency protection for borrowers in this section has been expanded to include junior lien holders.
While at first glance this revision appears to aid homeowners, it could mean that junior lienholders may no longer approve short sales.
Filed under: Foreclosure, LA Area, Real Estate Market, Selling, Short Sale, Tax Issues, VRN | No Comments »
Posted on July 10th, 2011 by Jennifer Tan
In case you missed it, please read this 6/29/11 NYT’s article that shows consumer support for our government’s doing its damnest to protect and preserve the American Dream of Home Ownership. The article details polls taken on viewpoints on Home Ownership which is still regarded as better than renting due to the tax advantages of [...]
Filed under: Buying, Commentary, Current Events, Economy, Foreclosure, Jennifer Tan, Moving, News, Real Estate Market, Renting, Selling, Tax Issues, VRN | No Comments »
Posted on February 13th, 2011 by Carlo Capomazza
You can learn more about Measure A and what the truth behind it at www.wehoNoOnA.com or on Facebook at “No on Measure A in West Hollywood”. Please be sure to tell your friends, family and colleagues in West Hollywood the truth about Measure A, and please don’t forget to vote on March 8th.
Filed under: Commentary, Economy, LA Area, Tax Issues, VRN, West Hollywood | No Comments »
