Grassley Introduces Extension of Housing Tax Relief for Midwestern Disaster Victims
WASHINGTON, DC - November 23, 2009 - (RealEstateRama) -- Sen. Chuck Grassley of Iowa has introduced legislation giving Midwestern disaster victims more time to benefit from tax relief intended to help them repair or replace their devastated homes.News || Laws & Taxes
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- Disaster tax relief available to qualified real property owners
LĪHU‘E - November 20, 2009 - (RealEstateRama) -- Property owners who sustained damages to their real property as a result of the recent flood disaster may be eligible for disaster tax relief. Claims can be made on damages that resulted directly from flood waters overflowing the banks or walls of a nearby river or stream...
- Grassley: Rushed Stimulus Package Leaves Taxpayers Facing Problems With Making Work Pay Tax Credit
November 16, 2009 - (RealEstateRama) -- Sen. Chuck Grassley, ranking member of the Committee on Finance, today made the following comment on a new report saying that a $400 tax credit provided by the economic stimulus plan may leave more than 15.4 million Americans owing money to the IRS because of under-withholding from their paychecks. The Treasury Inspector General for...
- House Committee’s Tax Legislation Includes Holt’s Property Tax Relief Provision
Provision Would Benefit Property Owners in New Jersey Who Do Not Itemize on Federal Returns Washington, D.C., November 1, 2007 – Today, Rep. Rush Holt (NJ-12) announced that the “Temporary Tax Relief Act of 2007”, a tax relief bill passed in the House Committee on Ways and Means this morning, includes a provision based on his legislation [...]...
- Iowa Delegation Urges Disaster Relief Reform
Washington, DC - October 15, 2009 - (RealEstateRama) -- Members of the Iowa Delegation urge disaster relief reform in a joint letter to Chairman John Olver of the Appropriations Subcommittee on Transportation, Housing and Urban Development (THUD). The letter supports an amendment that will allow disaster stricken communities greater access and use of Community Development Block Grant (CDBG) disaster relief...
- Iowa Delegation Urges Disaster Relief Reform
Washington, DC - October 15, 2009 - (RealEstateRama) -- Members of the Iowa Delegation urge disaster relief reform in a joint letter to Chairman John Olver of the Appropriations Subcommittee on Transportation, Housing and Urban Development (THUD). The letter supports an amendment that will allow disaster stricken communities greater access and use of Community Development Block Grant (CDBG) disaster relief...
- Senate Passes Housing Relief Package, Includes Several Cornyn-Backed Amendments To Boost Housing Benefits For Veterans, Provide Tax Relief To New Homeowners
WASHINGTON - April 10, 2008 - U.S. Sen. John Cornyn, R-Texas, today voted in favor of a broad housing relief package, the Foreclosure Prevention Act of 2008, H.R. 3221, to restore confidence in the U.S. housing market and help to remedy the current foreclosure crisis. The legislation includes several amendments authored or co-authored by Sen. [...]...
- REALTORS® Establish Relief Fund: Tornado Victims Will Be Among First to Receive Assistance
Wisconsin, January 8, 2008 - REALTORS® in Kenosha, Racine and Walworth counties have established a relief fund to aid victims of the storm system that produced destructive tornados yesterday, destroying and damaging many homes in southeastern Wisconsin. ...
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Articles Category: Laws & Taxes
- Attorney General Corbett cautions consumers to be wary of online real estate or vehicle sales scams
HARRISBURG, PA - February 8, 2010 - (RealEstateRama) -- Attorney General Tom Corbett today cautioned Pennsylvania consumers to be alert for possible scams linked to online ads for rental homes and apartments, along with Internet "for sale" ads and auctions for cars, motorcycles and other items.
- Dorgan Says 3,400 North Dakotans Have Used Homebuyer Tax Credit
WASHINGTON, D.C. - February 8, 2010 - (RealEstateRama) -- U.S. Senator Byron Dorgan (D-N.D.) said today that 3,400 North Dakotans have used the First Time Homebuyer Tax Credit passed last year by Congress as part of a major economic recovery bill.
- Titus Statement on 4th Quarter GDP Increase
Washington, D.C. - January 29, 2010 - (RealEstateRama) -- Congresswoman Dina Titus of Nevada's Third District released the following statement today on the news that the economy grew 5.7 percent in the fourth quarter of 2009, the fastest pace since 2003.
- CFO Sink Encourages Floridians to Claim Earned Income Tax Credit and Undelivered Refunds
TALLAHASSEE, FL - January 29, 2010 - (RealEstateRama) -- Florida CFO Alex Sink is urging Florida taxpayers to find out if they may be one of the estimated 10,000 Floridians who qualify for the Earned Income Tax Credit (EITC), a federal tax credit for low-income working individuals and families, on Earned Income Tax Credit Awareness Day 2010. Eligible Floridians are due back an estimated $15 billion, on top of what they already may be claiming on their taxes, if they all claimed the EITC.
- Investigation by Federal, State and Local Task Force Leads to Mortgage Fraud Charges Against Six People Involving Million-Dollar Plus Houses
CINCINNATI, OH - January 29, 2010 - (RealEstateRama) -- A two-year investigation by the Greater Cincinnati Mortgage Fraud Task Force has resulted in a seven-count indictment charging two Cincinnati area home builders, a former Huntington National Bank vice president, and a self-employed tax preparer and interior designer with participating in a mortgage fraud scheme to sell four high-end luxury properties to “straw buyers.”
- Manhattan Real Estate Developer Sentenced to Four Years in Prison for $27 Million Mortgage Fraud and Ponzi Scheme
New York, NY - January 28, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that Manhattan real estate developer MICHAEL HERSHKOWITZ was sentenced today to four years in prison for his participation in a $27 million Ponzi scheme involving fraudulent loans secured by nonexistent mortgages.
- First-time buyers dominate Illinois housing market
More than half of home buyers in the 2009 Profile of Illinois Home Buyers and Sellers were first-time buyers, due in large part to the first-time homebuyer tax credit stimulus and increased affordability in home prices in the last year. The survey results released by the Illinois Association of REALTORS® (IAR) found 51% of buyers were first-time buyers, compared to 47% nationwide (a figure which has averaged closer to 40% nationwide since 2001). When asked about the primary reason for timing of the home purchase, 46% of first-time buyers said it was just the right time.