Posts tagged as:

housing credit

Existing home sales rebound in August – Sep. 23, 2010

23 September 2010

Interesting reading from CNN this morning that indicates that the housing market might be steadying: Existing home sales rebound in August – Sep. 23, 2010. This is clearly impossible. I mean, I’ve been reading propaganda from the National Association of Realtors articles for months now that absolutely, positively indicated that without additional housing tax credits [...]

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Housing Credit Extended – What Else Is New?

5 November 2009

If you’re opposed to extending the first time homebuyer’s credit (I am), you’re probably in the minority. And you’re definitely not in the Senate. The Senate voted unanimously to approve the bill and the House is expected to follow suit (at least the approval bit). Under the new law, the first time homebuyer’s credit would [...]

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Hey Kid, Wanna Buy a House?

23 October 2009

Information involving potential fraud with respect to the first time homebuyer’s credit continues to make headlines. After initial reports that over 100,000 refunds were perhaps inappropriately distributed, the IRS has released more data about fraud relating to the credit. Officials from the Internal Revenue Service testified before Congress that as much as $600 million of [...]

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Ask the taxgirl: Mortgage and Housing Tax Credit

8 July 2009

Taxpayer asks: I must say I enjoy reading your blog! A somewhat tax professional myself (I deal in state taxes), I am constantly asked Federal Tax questions and use your blog as an aid! So here’s my question: Would purchasing a home, via taking over the payments, qualify for the New Home Buyer tax credit? [...]

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Housing Credit Bill Survives Debate (Psst, I Still Don’t Like It)

9 February 2009

As of this evening (Monday), it seems that the Senate version of the housing bill will make it intact to the vote on tomorrow. And you know that I’m not a fan. I promised that I’d explain why I think it’s a bad idea. It’s taken a few extra days (yes, a plague of biblical [...]

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