Monthly Archives: December 2009
Changing Title and Deed of House Without Permission Not Allowed
Once the buyer and seller have agreed on the terms of a home sale, changing the title or deed without permission from all parties is not allowed. The seller cannot make any changes to the title or deed without the buyer’s permission. There are some circumstances where small changes to the title or need, like to fix typographical errors, are allowed. However, it is best to consult an attorney when considering any changes to the house title or deed.
IRS: 401k Hardship Withdrawal Information
IRS: 401k Hardship Withdrawal Information. The IRS recently updated its 401k Hardship Withdrawal information. This information is for anyone who is out of work, had extremely high medical expenses or needed, for some other reason, to make a withdrawal from a 401(k) plan. If you qualify for a hardship withdrawal, you will not owe penalties on the withdrawal. You will still owe taxes to the IRS. For more details, consult a qualified tax planner or preparer.
Ilyce Glink Show Notes – Christmas Week, December 20, 2009
Ilyce Glink Show Notes – December 20, 2009. Merry Christmas. It’s hard to believe Christmas is here. Census numbers. How to Invest in 2010 – box office is open for the newest ThinkGlink/Real World Seminars event. Buy now to get the lowest price for this event. This is our best deal and it’s better than a 2-for-1 deal. FREE BOOKS and EBOOK DEALS. Hardship withdrawals from a 401(k) and the possible tax liabilities.
Ilyce Glink on WSB Radio – Dec. 20, 2009
Today on the Ilyce Glink show, we talked about the Census information released earlier this week, with figures on text message increases, newspaper subscription decreases, and of course, unemployment stats. Ilyce reminds listeners to get the early bird ticket specials for her March 27, 2010 event How To Invest in 2010. In preparation for the seminar, five new eBooks are now available for purchase on the ThinkGlink.com store. Take advantage of the buy 3 ebooks, get 1 ebook free deal! Ilyce also talked with a listener who called in about her husband’s withdrawal from a 401(k) plan in order to make ends meet. Listen to the full show here, or download from iTunes. Check Ilyce’s blog for more show notes and helpful links.
Buying A Car In 2009? Take Advantage Of An IRS Tax Break
Tax Deductions: If you’re buying a car in 2009, be sure to take advantage of an IRS tax break that allows you to deduct the state or local sales or excise taxes you pay on the first $49,500 of the purchase price. This tax deduction may not be extended through 2010, so take advantage of the tax break now by buying a car before the end of the year. The tax break expires December 31, 2009, and you’ll be able to take the tax break on your 2009 taxes, which you’ll file in 2010.
Estate Planning Can Help Avoid Capital Gains Tax
Proper estate planning will help you avoid paying long-term capital gains tax when you sell inherited property. If your relatives plan with an attorney or tax advisor for how they would like their assets to be distributed, you can avoid paying unnecessary taxes on your inheritance and assets.
When Should You Refinance a Mortgage
Should you be thinking about refinancing? A lot of people jumped on the recent all-time low rates, but just because mortgage rates are low doesn’t mean you should be refinancing. When should you think about refinancing? If you can get a low interest rate and keep a short term on your loan, it might be time to consider refinancing. When refinancing, shop around and compare points, fees and the interest rate being charged.
Home Selling Tips: New Year’s Resolutions For Home Sellers
Home sellers had it rough in 2009, and 2010 promises to be another hard year for home sellers. However, there are some home selling tips you can take to put yourself in a better home selling situation. Make it a New Year’s Resolution to become a better seller and follow these home selling tips to make 2010 a better home selling year.
8000 First Time Home Buyer Tax Credit Qualifications: Do You Qualify?
With the $8,000 first-time home buyer tax credit and the newer $6,500 trade-up buyer tax credit, a lot of people are wondering if they will qualify for any of the tax credits. If you bought a home in 2009, you might qualify for one of the home buyer tax credits. If you bought your home before November, 6, 2009, you must be a first-time home buyer to qualify for the $8,000 tax credit. After November, trade-up or replacement buyers can get a tax credit as well. Read below for more rules to qualify for the home buyer tax credits.
