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Real Estate Biz

Anything and everything to do with the Real Estate market in Tucson

Members: 32
Latest Activity: Jun 22

Discussion Forum

Rhonda Banuelos

does anyone know of a cottage, studio, guest house or a casita to rent? 2 Replies

Started by Rhonda Banuelos. Last reply by Rhonda Banuelos Mar 17.

minette goldsmith

Good Faith Estimate Changes in the mortgage world and at the moment- GREAT RATES! 3 Replies

Started by minette goldsmith. Last reply by Gabrielle Rhind Jan 20.

Andrew Avella

FHA Streamline 2 Replies

Started by Andrew Avella. Last reply by minette goldsmith Jul. 29, 2009.

Comment Wall

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Eva Murzaite Comment by Eva Murzaite on April 1, 2010 at 9:37am
Hello! My name is Eva Murzaite
I am an interior designer - owner of IN design interiors
my background is in interior architecture, I am an NCIDQ certified designer and a professional member of ASID

I offer services that could be of use to both
residential and commercial realtors

Sq. footage varification
As built drawings
Space planning - to help you show and sell the property
Construction Drawings and Specifications.

All drawings provided are in auto CAD.
Please let me know if I can help with any current projects.
Jon Quist Comment by Jon Quist on March 24, 2010 at 9:11am
As it happens I am "following" all the posts so I too drop by and visit. And, yes, I am a REALTOR, but unlike virtually all other independent agents (not a team member), I NEVER take listings and/or work with sellers. That's NEVER.

So if you are curious as to how that helps buyers, just let me know and I'll be happy to explain.
Victoria Marquez Comment by Victoria Marquez on March 24, 2010 at 8:54am
Hello Everyone! If you're looking for a great Title/Escrow Company...look no more!!!
My name is Victoria Marquez. I work at Landmark Title Agency on Tanque Verde. If I can be of assistance to you and your clients, just let me know. I'm here to help!
Regards,

Victoria Marquez
Escrow Officer
Landmark Title Agency
Andrew Avella Comment by Andrew Avella on March 20, 2010 at 3:21pm
Yes people do stop by and visit here besides Linda and Zeke!!
Linda Landry Comment by Linda Landry on March 20, 2010 at 3:06pm
Hi Zeke! I dunno if anyone else is in here but me and you. I like your quotes and here is one from me:
"Don't wait to buy real estate; buy real estate and wait." Robert Allen
Zeke Martinez Comment by Zeke Martinez on February 18, 2010 at 3:44pm
Quote of the Day
Abigail Adams
"Learning is not attained by chance; it must be sought for with ardor and attended to with diligence."
Zeke Martinez Comment by Zeke Martinez on February 10, 2010 at 2:22pm
Don't forget to RSVP for Women's Council of Realtors first Happy Hour/Networking event of the year at ZinBurger!!! YUMMY!!!
Zeke Martinez Comment by Zeke Martinez on February 8, 2010 at 9:51pm
Quote of the Day

"It is never too late to be what you might have been." -- George Eliot
Zeke Martinez Comment by Zeke Martinez on February 1, 2010 at 4:44pm
Quote of the Day
Hank Aaron
"My motto was always to keep swinging. Whether I was in a slump or feeling badly or having trouble off the field, the only thing to do was keep swinging."
Zeke Martinez Comment by Zeke Martinez on January 19, 2010 at 8:20am
New Homebuyer Credit Form Released; Taxpayers Reminded to Attach Settlement Statement and Other Key Documents

New Homebuyer Credit - Claim It: English | Spanish
New Homebuyer Credit – Military: English
For these and other videos: YouTube/IRSVideos

WASHINGTON — The Internal Revenue Service today released the new form that eligible homebuyers need to claim the first-time homebuyer credit this tax season and announced processing of those tax returns will begin in mid-February. The IRS also announced new documentation requirements to deter fraud related to the first-time homebuyer credit.

The new form and instructions follow major changes in November to the homebuyer credit by the Worker, Homeownership, and Business Assistance Act of 2009. The new law extended the credit to a broader range of home purchasers and added new documentation requirements to deter fraud and ensure taxpayers properly claim the credit.

With the release of Form 5405, First-Time Homebuyer Credit and Repayment of the Credit, and the related instructions, eligible homebuyers can now start to file their 2009 tax returns. Taxpayers claiming the homebuyer credit must file a paper tax return because of the added documentation requirements.

The IRS expects to start processing 2009 tax returns claiming the homebuyer credit in mid-February after it completes the updating and testing of systems to meet the law’s new requirements. The updates allow the IRS to put in place critical systemic checks to deter fraud related to the homebuyer credit.

Some of these early taxpayers claiming the homebuyer credit may see tax refunds take an additional two to three weeks.

In addition to filling out a Form 5405, all eligible homebuyers must include with their 2009 tax returns one of the following documents in order to receive the credit:

A copy of the settlement statement showing all parties' names and signatures, property address, sales price, and date of purchase. Normally, this is the properly executed Form HUD-1, Settlement Statement.
For mobile home purchasers who are unable to get a settlement statement, a copy of the executed retail sales contract showing all parties' names and signatures, property address, purchase price and date of purchase.
For a newly constructed home where a settlement statement is not available, a copy of the certificate of occupancy showing the owner’s name, property address and date of the certificate.
In addition, the new law allows a long-time resident of the same main home to claim the homebuyer credit if they purchase a new principal residence. To qualify, eligible taxpayers must show that they lived in their old homes for a five-consecutive-year period during the eight-year period ending on the purchase date of the new home. The IRS has stepped up compliance checks involving the homebuyer credit, and it encouraged homebuyers claiming this part of the credit to avoid refund delays by attaching documentation covering the five-consecutive-year period:

Form 1098, Mortgage Interest Statement, or substitute mortgage interest statements,
Property tax records or
Homeowner’s insurance records.
The IRS also reminded homebuyers that the new documentation requirements mean that taxpayers claiming the credit cannot file electronically and must file paper returns. Taxpayers can still use IRS Free File to prepare their returns, but the returns must be printed out and sent to the IRS, along with all required documentation.

Normally, it takes about four to eight weeks to get a refund claimed on a complete and accurate paper return where all required documents are attached. For those homebuyers filing early, the IRS expects the first refunds based on the homebuyer credit will be issued toward the end of March.

The IRS encourages taxpayers to use direct deposit to speed their refund. In addition, taxpayers can use Where's My Refund? on IRS.gov to track the status of their refund.

More details on claiming the credit can be found in the instructions to Form 5405, as well as on the First-Time Homebuyer Credit page on IRS.gov.
 

Members (32)

minette goldsmith Gabrielle Rhind Rhonda Banuelos Kellie Fitzgerald Andrew Avella Ernest St. Louis DeConcini Realty Kelly Russo Aqua Solutions Noel Kurtz Linda Landry Bill Nordbrock Christopher Herman Don Emmons Susan OliwoOlabode Charles Hughes Justin W. Kinzer Dave Smith Samantha Lorefice Marsee Wilhems Dar Dobroslavic Charles (Chuck) Dockery REALTOR® Zeke Martinez Mary Ann Carman Rocky Ward Monique Alvarez Jon Quist Josh Willis Victoria Marquez Eva Murzaite
 
 
 

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