New Law [H.R. 5297, Section 2101(h), the U.S. Small Business Jobs and Credit Act of 2010], is effective January 1, 2011. Part of this requires small business people (including landlords) to report payments of $600 or more on IRS Form 1099. This expands the 1099 reporting requirement related to
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01/19/2011
Eastbluff at Newport Beach is one of the great villages at this spectactular place in South Orange County. Eastbluff has separate residential neighborhoods, including Bluffs originals, Bluffs plaza, Bluffs park homes, Bluffs homes on the bay, Bluffs tennis villas, Eastbluff Lusk, and Eastbluff
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01/18/2011
The U.S. Internal Revenue Service has announced that taxpayers will have until April 18, 2011, to file their income tax returns for 2010. This is apparently because of Emancipation Day, a holiday observed in the District of Columbia, falling this year on Friday, April 15. District of Columbia
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01/17/2011
People ask good questions about rights and responsibilities regarding their condo homes and California homeowner associations. QUESTION: Is the skylight in a condominium considered part of the roof? Is it an association repair or a homeowner repair?ANSWER: It depends on who installed it and wha
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01/17/2011
Irvine elementary schools dominated again at the Orange County Register's 2011 public school rankings and swept all top three Orange County spots. Meadow Park Elementary in the Irvine Unified School District earned the No. 1 rank at Orange County and is reported to have excellent mix of academ
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01/16/2011
Newport Beach has spectacular homes in some of the most sought after residential communities in Southern California. Newport beach property foreclosure Information - homes and properties at Newport Beach and South Orange County communities. 149 NEWPORT BEACH homes and properties are now schedu
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01/15/2011
Can you benefit from Tax Credits for Individuals 2010? See the American Recovery and Reinvestment Act of 2009 Homebuyer Credit. Homebuyers who bought by April 30, 2010, and settled by Sept. 30, 2010, might be eligible for a credit of up to $8,000. Documentation requirements apply. See the
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01/13/2011
HAFA is a government-subsidized Home Affordable Foreclosure Alternatives program for distressed homeowners to sell their homes to avoid foreclosure, even if the sales price is not enough to pay off their existing mortgage loans. Under HAFA, a participating lender will pre-approve the terms of
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01/13/2011
Professional cash buyers (house flippers) are known to be active here at Orange County trustee sale auctions after foreclosure. Buying at public auctions after foreclosure has become popular. Buyers at such auctions, especially for low-priced homes, have serious competition. Important question
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01/12/2011
Reasons for Investors to Consider a 1031 Tax Deferred Exchange In addition to protection from income tax on real estate sale and purchase deals, investors have other reasons to sell and exchange property: Shelter Cash Flow A big tax advantage to owning real estate is DEPRECIATION. However,
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01/12/2011