Dallas, TX Real Estate News

By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
\If you're looking for a 4 bedroom house in Dallas Tx, you've come to the right place.We will advise you to make an intelligent decision to buy your home. From your home loan to closing. The most important step to start buying your home is to have your loan approved or at least pre-approved.There are hundreds of programs available to buy a 4 bedroom house in Dallas, Tx. As well as down payment assistance programs. He has good social security, reports his taxes annually and has a work history for 2 years, he can do it with little or no down payment.If you own your own business or work as a contractor and don't report a lot of money on your tax returns. We also have programs available.If you only have your ITIN and have filed or have not filed your taxes for at least the last two years yo...
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
2422 Hudspeth Ave, Dallas, TX 75216.Si anda buscando una vivienda de 4 habitaciones en Dallas, Tx llegó al lugar adecuado. Lo asesoraremos  para tomar una decisión inteligente en la adquisición de su vivienda.Desde el préstamo para su propiedad, hasta el cierre. El paso más importante para empezar dicho proceso, es que tenga su préstamo aprobado, o por lo menos que esté pre-aprobado.Hay cientos de programas disponibles para comprar  vivienda de 4 habitaciones en Dallas, Tx.          Así como programas de ayuda para el enganche.¿ Tiene seguro social,  reporta sus taxes anualmente y tiene historial de trabajo por 2 años? Si cuenta con lo anterior, lo puede hacer con poco o nada de dinero de enganche.Si usted tiene su propio negocio o trabaja como contratista y no reporta mucho dinero en l...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationOne of the known trails in the Dallas Fort Worth Metroplex is the Preston Ridge Trail, which stretches for 6.3 miles and runs along the Far North Dallas district. Trailhead is located at the crossroads of Spring Valley and Coit and extends south until it intersects with Highway 190. In addition to suburban communities and subdivisions, the path passes through business districts and city streets.  Residents and visitors in the trail and those in adjacent areas can take advantage of the numerous leisure amenities that the public pathway provides. Walking, jogging, and cycling enthusiasts can enjoy a secure and pedestrian-friendly run along the Preston Ridge Trail whenever they visit. It connects several public parks in Dallas and Plano, including Fretz Park, Salado...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationPreston Hollow is a largely suburban neighborhood in the Far North Dallas section of the Dallas–Fort Worth Metroplex. Initially, the land was a 56-acre farm purchased by Ira DeLoache in 1924 and was later developed in the 1930s. A variety of commercial areas are available both within and outside the community, offering families living in the neighborhood with nearby retail and dining alternatives. Preston Hollow is a safe and pleasant neighborhood, making it an excellent choice for families wishing to relocate to North Dallas. As is true in most metropolitan areas, traffic is unavoidable, particularly along the Northwest Highway, which may become quite congested during rush hour traffic. Working professionals in Dallas who want to relocate to a neighborhood with ...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationA family-friendly neighborhood in the core of the Dallas-Fort Worth Metroplex, Preston Creek is an excellent choice if you are looking for a home in North Dallas. When looking for a home in a neighborhood with family-friendly and child-friendly amenities, easy access to schools and businesses, and close to tollways and interstate roads, this is the perfect neighborhood for you to consider. In addition, Preston Creek is a great place to settle down for the long run. The neighborhood's handy location makes it a wonderful place to live and raise a family, especially young families. Almost everything is within proximity or is easily accessible by car or public transportation. However, it is possible to experience high traffic in some areas, mainly when there is an ac...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationBent Tree Golf Resort, located near Addison, Texas, in the state's northeastern region, is a picturesque golf destination. Beginning as early as 1976, Bent Tree was developed as an exclusive community in Far North Dallas by the city's A-listers in business and politics. A wonderful appeal and charm can be found in this region, which also has all of the luxuries you'd expect to find in a high-end housing market.All of the amenities are within a short distance of the property. All of the residents are friendly and supportive of one another's families. With its lively urban vibe and strategic location, Bent Tree is one of the best neighborhoods in far North Dallas for city dwellers due to its active metropolitan vibe and strategic placement. A broad variety of resta...
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By Brian Rugg, Sun City TX Real Estate - Georgetown, TX Real Est
(Rugg Realty LLC Sun City Texas 512-818-6700)
Exciting news for the Dallas TXcommercial construction industry!On September 1st,  2021  Andrew Rugg announced the launch of Rugg Construction LLC headquartered in Dallas TX.  Rugg Construction is founded on INTEGRITY, QUALITY, & SERVICE and is a full service General Contracting company.  This is no ordinary startup! Andrew Rugg is a construction industry veteran with more than two decades of experience and a highly successful track record in the greater Dallas market place.Rugg Construction and Rugg Realty are not formally integrated with one another, but we do collaborate on important real estate and construction industry issues.  Andrew Rugg also happens to be my son, and I could not be more proud of his efforts with this new venture. 
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
What To Do If You Receive the Final Notice of Intent to Levy From the IRS?  I’m continuing to meet with more clients who have felt the IRS step up collections over the past few months.  A few months ago, we were seeing the IRS sending the CP504 notice.  That notice gives the IRS the ability to file a Federal Tax Lien over the taxpayer’s assets as well as the right to Levy their State Tax Refund.  When the taxpayer does not respond to the CP504 notice in a manner that is timely and acceptable to the IRS (such as setting up an acceptable arrangement), the IRS will next send a Final Notice of Intent to Levy.  This notice may come as an LT11 or Letter 1058.  While they have different numbers and come from different parts of the IRS, they are the same impact on delinquent taxpayers.  What Do...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
Many taxpayers who owe the IRS believe that they will owe the government forever.  However, that’s not true.  The IRS only has 10 years to collect a tax debt once the tax is assessed, assuming that there are no actions taken by the taxpayer to stop collections.  It is also known as the Collection Statute Expiration Date (CSED).  How is the CSED calculated?The calculation begins on the date that the tax is assessed, if electronically filed, that’s usually within 24 hours of filing, but paper returns will take longer to get processed.  HINT – that’s a good reason to always file on time, even if you can’t pay.  If the taxpayer takes an action to keep the IRS from collecting, the clock will temporarily stop.  Some examples that will stop the clock include –  Filing BankruptcyFiling Fiing an...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
As a Real Estate Professional, did you realize that you are required to complete a Tax Form  that is the form most audited by the IRS?  That’s right, as independent contractors, most Real Estate Agents file a Form Schedule C.  The IRS has found that Schedule C’s contain a large number of errors compared to other forms and finds that they are very successful with audit changes to the returns, and able to bill back a higher amount of additional taxes to the taxpayer that is audited. Hopefully, that makes you aware that as a Realtor, you need to make sure that your return is completed accurately and documented properly.  In a future blog, we will cover what you need to do to document your transactions properly.  Today, we’re going to discuss some general rules to keep in mind if audited.  ...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
When a Taxpayer owes the IRS, one of IRS's most powerful tools is the Notice of Federal Tax Lien (NFTL).  In this article, we’ll discuss some actions you as a taxpayer can take if the IRS is threatening you with an NFTL.  Six Options for a Taxpayer under Threat of an IRS LienHere are a six options to consider when under threat of an IRS lien: The IRS will not file an NFTL if the balance is less than $10,000.  If you are above that level but can pay the balance down to $10,000, the IRS generally will not file a lien. If your assessed balance is below $50,000, you can set up a direct debit installment agreement (DDIA) and request that the IRS not file a lien. This is known as a Streamlined Payment Plan. If over $50,000, there is now an option available for amounts owed up to $250,000 if w...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
As a Tax Professional, your Tax Professional should be able to provide advice on deductions that are available to Real Estate Agents and Brokers.  However, they don’t know what is going on daily in your business and what deductions you are entitled to.  Unless you are able to properly track their income and deductions, you could end up paying more taxes than are needed, and maybe even worse yet, getting stuck in an audit where you end up substantial amount of additional taxes  PLUS penalties and interest.  That doesn’t even include the chaos and stress in your life, is not a fun position to be in, and one you want to avoid at all costs. While I’ll cover more complex bookkeeping procedures in the future, today I’m going to cover the basics of what you need to track in your bookkeeping sy...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
Every year, millions of taxpayers don’t file their Federal income tax return on time even though its rarely a good idea.  Why does that happen and what are the consequences of not filing a tax return? Why don’t Taxpayers file timely?There are a number of reasons that taxpayers don’t file their tax returns timely, but the two reasons below are what I see most often in tax practice: Most individuals don’t file their tax returns timely because they owe, or believe they owe, income tax. They’re hoping the problem will magically go away.  They do not have the information to file their tax return properly. Sometimes, these are taxpayers who work W-2 jobs, but more often, it tends to be taxpayers who are self-employed, who have more complicated tax returns.  The goods news is that there are so...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veteran’s Home Loans for Dallas Texas!!If you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you.Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves you money...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
The IRS has recently began sending out a barrage of CP504 Notices to Taxpayers with tax debt.  It is typically sent by Certified Mail and states Notice of Intent to seize (levy) your property or rights to property.  It’s an important notice for several reasons that I’ll outline below:  The IRS has now sent you several notices for a tax amount and you have not resolved it satisfactorily. The IRS can file a Federal Tax Lien against your current and future assets. This notice allows the IRS to levy your state tax refund if applicable to you. In 5 weeks, the IRS may send to you a Final Notice of Intent to Levy. This notice allows them to levy your bank account, garnish your wages, and potentially seize other assets.  While the IRS may be sending a Final Notice of Intent to Levy, it may or m...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
As Self-Employed Independent Contractors, Real Estate Agents may need help in running their business and sometimes it makes sense to hire family.  Today, we’ll cover a few areas where it might be helpful to hire your children as well as adult family members to provide services to the business.   Employing ChildrenAn excellent strategy to reduce the overall family tax burden is to employ your children.  Unlike investment income earned in their name, your child's earnings will not be subject to what they call "kiddie tax." What kiddie tax means is that your child's income will be taxed at your highest rate.  However, earned income is not subject to this regulation.  Therefore, if you pay your child for services actually performed, you can take a tax deduction and they may owe no tax on th...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
A question that comes up from my Realtor clients along with many other small business owners is can I deduct my Home Office costs.  This has become even more of an issue due to COVID as more and more of us work out of our homes.  Today we’ll touch on when you can deduct your Home Office and what can be deducted. When Can Your Home Office be Deducted? There are two important criteria as to when your Home Office can be deducted.  The space is used Regularly for business purposes.  The space is used exclusively for business purposes. Remember that BOTH of these criteria must be met in order to qualify for the deduction. What Can I Deduct?As a self-employed taxpayer with a qualifying Home Office, both Direct and Indirect expenses can be deducted.  Direct expenses are those related to just t...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
We are excited to let you know that we have invested in a new technology called Homebot to be your free personal guide through your home-buying journey.Homebot is a monthly financial dashboard that enables you to maximize the most of your home-buying search.When you sign up you will receive a regular email called the “Homebot Market Report”- a customized interactive guide with critical information to help you buy smart. Homebot offers buyers the ability to search for homes in your area at no cost to you.What will the Homebot Market Report do for you? Explore neighborhoods and cities nationwide to find the best market to match your goals Use current market temperatures to guide your buying strategy Estimate how much home you can afford at today's interest rates See how much your new home...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
Over the past year, since the onset of COVID, the IRS has taken a very hands off approach to tax items.  However, that is beginning to change.  Late in 2020 we began to see the IRS filing Notice of Federal Tax Liens (NFTLs) on taxpayers with IRS debt and we expect that to begin even more prevalent as taxpayers emerge from the pandemic owing the government and with the government in need of revenues.  So, what is a Notice of Federal Tax Lien and what should you do if one is filled What is a Notice of Federal Tax Lien (NFTL) A Notice of Federal Tax Lien (NFTL) is a public document filed to alert third parties that the taxpayer owes the IRS money.  Filing the NFTL is a consequential step taken by the government and can have a serious impact on the taxpayer.   Prior to filing the NFTL, the ...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
As a Real Estate Agent, you most likely find yourself sometimes showing a potential buyer tens of homes  before they make a decision to purchase a property (or don’t).  While that can be frustrating, it’s important to make sure that as a Realtor you get the proper deduction for all of that driving.  So, what can you deduct and how can you maximize your Deduction.As a Self-Employed Taxpayer, the IRS provides two options for deducting automobile expenses, and you are allowed to select the method that is most advantageous to you. The options are: Actual Expense Method, or Mileage Method I recommend that you keep track of your actual expenses and business mileage so you can compare the two methods and select the one that will create the largest tax deduction.  Using either method, you are  ...
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