The Woodlands (Houston, TX)
By LLOYD CONLEY MBA ENROLLED AGENT, TAX ARCHITECTURE for TEXAS BUSINESS OWNERS HOUSTON
(CONLEY CONSULTING LLC)
Lloyd Conley, EA, represents business and individual taxpayers in The Woodlands, Houston, and throughout Texas who have civil issues with the IRS.One of the hot new IRS Programs is targeting chronic non-filers. The IRS has identified 7 million chronic non-filers. The Non-Filer Program is a high priority with the IRS. Both business owners and individual taxpayers who have not filed tax returns, sometimes for many years, are vulnerable.It is worth noting that the willful failure to file a Tax Return is a crime under Internal Revenue Code Section 7203.So … what can non-filers do? How can we help a non-filer resolve their issues with the IRS?! The short answer is “it depends” upon why the failure to file occurred in the first place. The failure to file is often based upon the fear that ther...
Comments 5
By Alison Smith, TAHS, SMP
(Keller Williams Realty The Woodlands)
Eight steps to buying your home1. Decide to buy. Although there are many good reasons for you to buy a home, wealth building ranks among the top of the list. We call home ownership the best "accidental investment" most people ever make. But, we believe when it is done right, home ownership becomes an "intentional investment" that lays the foundation for a life of financial security and personal choice. There are solid financial reasons to support your decision to buy a home, and, among these, equity buildup, value appreciation, and tax benefits stand out. Base your decision to buy on facts, not fears. If you are paying rent, you very likely can afford to buy There is never a wrong time to buy the right home. All you need to do in the short run is find a good buy and make sure you have t...
Comments 0
By Alison Smith, TAHS, SMP
(Keller Williams Realty The Woodlands)
Eight steps to selling your home Define your needs. Write down all the reasons for selling your home. Ask yourself, "Why do I want to sell and what do I expect to accomplish with the sale?" For example, a growing family may prompt your need for a larger home, or a job opportunity in another city may necessitate a move. For your goals, write down if you'd like to sell your house within a certain time frame or make a particular profit margin. Work with your real estate agent to map out the best path to achieve your objectives and set a realistic time frame for the sale. Name your price. Your next objective should be to determine the best possible selling price for your house. Setting a fair asking price from the outset will generate the most activity from other real estate agents and buye...
Comments 1
By Alison Smith, TAHS, SMP
(Keller Williams Realty The Woodlands)
2009 Tax Credit for First Time Home Buyers Would you like $8000 back on your taxes this year? We've been hearing a lot of questions about the new tax credit. Who qualifies? How does it work? How long will it last? In this special edition video, we're taking an in-depth look at the $8,000 tax credit for first time home buyers.   According to the new legislation, a first time home buyer is defined as someone who has not owned a principle residence in the past three years.  Those three years are counted up to the date you take possession of the house you buy in 2009. This means that even if you've owned a home in the past, you can still take advantage of the tax credit as long as you haven't purchased a primary residence since 2006.The same goes for married tax payers - they must both be f...
Comments 0
By Johnny Schiro
(Icon Real Estate - Houston North)
What if you could buy a brand new home in a growing community, lease the home immediately for more than your monthly note, and have instant equity of 10% or more? Does that sound like a solid investment? These opportunities abound in Suburban Houston, where home values and rental rates continue to climb. Nationwide homebuilders are suffering from slowing markets outside Texas, so they're offering incredible incentives to unload inventory homes. Typical inventory homes can be acquired for 10-15% below list price, yet homes built-to-suit are still selling for at or near list price. All of this in a market where commercial and residential development is as strong as ever. Take this example: In the popular Spring area of North Houston, a major homebuilder is offering homes starting in the ...
Comments 0
Community Sponsor Houston, TX Real Estate Professionals