The Federal Tax Credits Blog

Posts Tagged ‘ping.fm’

Mortgage applications index up 13.6% last week

Mortgage applications in the U.S. rose last week by the most in seven weeks as the looming end of the homebuyer tax credit helped spark the biggest rise in purchases since January.

RE/MAX and the 2009-2010 Homebuyer Tax Credit

Question: DO we Qualify for the House Tax Credit 8k??? Hubby bought home before we married?

DO we Qualify for the House Tax Credit 8k??? Hubby bought home before we married?
my husband bought a home before we were married, and we lived together in it, and got married about a year after buying the house. he lost the house to foreclosure, and now we are wanting to buy a home in my name only, but we are married, so do we qualify for the 8k tax credit? but my accountant says we do since we werent legally married when he bought the house. I am confused. also i am currently disabled, but an investor that we know is willing to take a chance to sell us oen of his homes.

Answer: Your accountant is an idiot. If either one of you owned you do not qualify. It is not exactly hard to figure out that you will not qualify unless the foreclosure happened longer then 3 years before you bought.

Feds charge man in film tax credit case

The head of a company accused of getting investors — including members of the New Orleans Saints — to pay for what they thought would be state movie industry tax credits faces federal charges. The U.S. Attorney’s Office says Wayne Read of Wonder Lake, Ill., was charged Monday with one count of interstate transportation of stolen funds and one count of wire fraud in connection to investments…

Talk is Cheap – ASG Investments challenges another Investment Company

Question: How much will I get as a tax credit from being a first-time home buyer?

With regard to the extended first time home buyer tax credit, how much will my husband and I receive? We are filing our taxes as married filing single. Would we each be able to receive a $4000 credit or would only one of us receive the $4000 credit and the other would receive nothing? Any information would be helpful! Thanks!

Answer: There is no such thing as married filing single. If you mean married filing separately, you could each get $4000 assuming that together you qualify for the full $8000.

Home buyers can learn about tax credits

The House Co. is offering a homebuyer workshop from 10 a.m. to 11:30 a.m. Saturday.

California real estate agent specializing in Oak Park homes explains requirements for extended $8000 tax credit

Los Angeles – Oak Park, California – The news that the $8000 tax credit program was extended may be a few weeks old, but Carol Lee, a real estate agent in Oak Park California says many would-be buyers still don’t realize that the program was not only extended but expanded to reach more buyers.

Question: One purpose of the Federal Reserve System is to control credit expansion by…?

(a) insuring bank deposits
(b) changing reserve requirements for its member banks and so raising or lowering rates
(c) granting or withholding subsidies and tax concessions

Answer: The 1950 Econ 101 textbook answer would be:

B) changing the reserve requirement

The 2009 reality answer is:

None of the above.

Regulating the reserve requirement was a principle tool before 1960, Now it stays at a low 0-10% and there is even talk about abandoning it as Canada did,

Market Commentary and Intraday News

(AP:GRANTS PASS, Ore.) The Legislature stayed away from tough environmental issues during the monthlong session that just ended, but green groups are happy to see some of their top priorities enacted _ especially a bill intended to help cities reduce greenhouse gases as they grow.

Homebuyer tax credit