November 3, 2009
Recently, Senators agreed to extend the first time homebuyers tax credit and offer a reduced credit to some repeat homebuyers. The tax credit provides up to […]
October 30, 2009
A bankruptcy court in Pennsylvania recently ruled on an issue that has been a frequent source of confusion to those working with short sales. The issue […]
October 9, 2009
Recently we were asked if a single-member limited liability company (LLC) has to get a new EIN after it hired an employee. Again we provide the […]
October 8, 2009
A client recently changed the name of their business and asked whether they must obtain a new Employer Identification Number (EIN) from the Internal Revenue Service […]
September 28, 2009
The Pending Home Sales Index (PHSI) is an index created by the National Association of Realtors (“NAR”) to measure housing contract activity, which is released the […]
August 19, 2009
Homeowners whose mortgage debt is partly or entirely forgiven during the calendar years of 2007 through 2012 are able to claim tax relief by filling out […]
August 7, 2009
If you borrow money from a commercial lender and the lender later cancels or forgives the debt, you may have to include the canceled amount as […]
August 4, 2009
The Internal Revenue Service announced on July 29, 2009, its first successful prosecution related to fraud involving the first-time homebuyer credit (FTHC). On its website, the […]