Laws & Taxes

WASHINGTON, D.C. - April 15, 2010 - (RealEstateRama) -- Today, Rep. Burton offered the following statement to commemorate Tax Day in America: “Today millions of Hoosiers are filing their taxes, many are also writing out a check to the government, and wondering what they are getting for their hard-earned money. So far, under Nancy Pelosi’s Leadership, Hoosiers have gotten more government control over their lives, trillions of dollars in budget deficits and tens of trillions of dollars of government debt for as far as the eye can see

NEW YORK, NY - April 15, 2010 - (RealEstateRama) -- Public Advocate Bill de Blasio today launched a tenant, condo and co-op owner assistance webpage and hotline designed to help the over one million New Yorkers who could be impacted by a possible strike next week if the Realty Assistance Board (RAB) and building service workers do not reach a deal.

April 15, 2010 - (RealEstateRama) -- The Connecticut Housing Finance Authority (CHFA) announces availability of approximately $60,000,000 for construction and permanent Tax-Exempt Bond (TEB) financing for multifamily rental housing developments. TEB financing is typically paired with 4% Low-Income Housing Tax Credits (LIHTC) as a source of investor equity. Under this notice of funding availabilty, CHFA will be accepting both TEB financing and 4% LIHTC applications

Washington, DC - April 14, 2010 - (RealEstateRama) -- Congressman Jim Himes (CT-4) reminded constituents today that Connecticut taxpayers are seeing significant relief as a result of new tax breaks for middle and low-income families. As noted by former Reagan policy advisor Bruce Bartlet, ?“…federal taxes are very considerably lower by every measure since Obama became president.” All totaled, Congress has enacted over $800 billion in tax cuts, including the Making Work Pay, First-time Homebuyer, and new residential energy tax credits, with another $285 billion in cuts also making their way through Congress, such as permanent estate tax relief and the R&D tax credit to spur business innovation.“The tax cuts we enacted this past year are putting money back in the pockets of hard-working Connecticut families and individuals,” said Himes. “I encourage everyone who is eligible to take advantage of this year's new tax cuts.”

West Hartford, CT - April 12, 2010 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Al Aiello, is announcing the CT REIA April 2010 monthly Connecticut real estate investors meeting. This event will take place on Monday, April 19th, from 5:30pm to 9:00pm, at the Crowne Plaza Hotel on 100 Berlin Road in Cromwell, CT. This event is free for CT REIA members, and $30 for non-members.

HOUSTON, TX - April 9, 2010 - (RealEstateRama) -- Vincent Wallace Aldridge and Tori Aldridge, both of Fresno, Texas, surrendered themselves to federal authorities as a result of the return of a 19-count indictment arising from an alleged scheme to defraud residential mortgage lenders of more than $3.7 million

MADISON, WI - April 8, 2010 - (RealEstateRama) -- Stephen P. Sinnott, United States Attorney for the Western District of Wisconsin, announced that the following charges were filed on April 8, 2010:

Al is a national speaker specializing in Wealth Protection teaching dynamic strategies on tax reduction, IRS audit-proofing, entity structuring and asset protection targeted for real estate investors and business owners. He has been a real estate investor for over 30 years. He first got his real estate license and went on to broker millions of dollars of real estate. He then got his CPA by passing the first time, not an easy accomplishment. Subsequently, he got his Masters in Taxation graduating with the highest honors in this rigorous program. He was immediately hired as adjunct professor where he taught

WASHINGTON, DC - April 7, 2010 - (RealEstateRama) -- Congresswoman Laura Richardson is reminding families in the market for a new home to act soon so they can benefit from the First Time Homebuyer (FTHB) tax credit, which has been extended an additional 30 days to a deadline of May 1, 2010.

SPRINGFIELD, IL - April 6, 2010 - (RealEstateRama) -- The popular homebuyer tax credit, which has benefited millions of first-time and move-up buyers purchasing a new home, will soon come to an end. Potential homebuyers need to move quickly if they want to take advantage of the federal tax credit before it expires April 30, 2010

Albany, NY - April 5, 2010 - (RealEstateRama) -- Many local REALTOR boards/associations and their members across New York State and the country will be showing homes to the public as part of a Nationwide Open House Weekend, April 10-11, 2010. Local sellers will be able to showcase their homes and interested buyers will have an opportunity to visit houses in their area without having to make an appointment for a showing.

SHERMAN, TX - April 1, 2010 - (RealEstateRama) -- U.S. Attorney John M. Bales announced today that a 38-year-old Grapevine, Texas, man has been sentenced to federal prison for his role in a mortgage fraud scheme in the Eastern District of Texas.

CONCORD, NH - March 31, 2010 - (RealEstateRama) -- United States Attorney John P. Kacavas, Special Agent in Charge of the Federal Bureau of Investigation Warren Bamford, and Postal Inspector in Charge Randy Miskanic announced that Tom Ryder, 27, of Henniker, New Hampshire,

NEWARK, NY - March 30, 2010 - (RealEstateRama) -- A Brooklyn man pleaded guilty today to conspiracy to commit wire fraud in connection with a mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit, U.S. Attorney Paul J. Fishman announced.

Sacramento, CA - April 1, 2010 - (RealEstateRama) -- Last November, the Worker, Homeownership, and Business Assistance Act of 2009 was signed by President Obama, extending the first-time homebuyer credit through April 30, 2010 and expanding the eligibility requirements for purchasers. (Note that a binding contract must be signed by April 30; a buyer then has until June 30, 2010 to settle the purchase.

ORLANDO, FL - April 1, 2010 - (RealEstateRama) -- The countdown has begun: Only a month remains before the federal homebuyer tax credit expires, so now is the time for house hunters to find the home they’ve always wanted in Florida.

Edison, NJ - March 30, 2010 - (RealEstateRama) -- The spring home buying season is in full swing and so is spring cleaning as REALTORS® across the state prepare to showcase their inventory to prospective buyers during a nationwide Open House Weekend on April 10 and 11, 2010.

2009 Rebate Applications Now Available. March 30, 2010 - (RealEstateRama) -- Last month, Governor Edward G. Rendell announced a record number of older adults and residents with disabilities received property tax/rent rebates last year and encouraged eligible people to apply for the 2009 rebate program.

ALBANY, NY - March 28, 2010 - (RealEstateRama) -- Governor David A. Paterson today called on Legislative Leaders to consider his property tax cap proposal as part of budget negotiations.

LANSING, MI - March 26, 2010 - (RealEstateRama) -- Michigan Senate Democrats continued to combat the negative impact of home foreclosure on Michigan families today with their effort to lower property taxes for homeowners in communities hit hard by foreclosure. The amendment to Senate Bill 395 would have required tax collectors to consider foreclosed homes in a neighborhood when determining property values and taxes. The amendment was defeated by the Republican Majority on a party line vote.

WASHINGTON, DC - March 26, 2010 - (RealEstateRama) -- Representatives of the Financial Fraud Enforcement Task Force, including Attorney General Eric Holder, met in Phoenix today for the second of a series of Mortgage Fraud Summits. The task force, established by President Barack Obama in November 2009 to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes, is comprised of representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement

March 26, 2010 - (RealEstateRama) -- Governor Arnold Schwarzenegger today returned to the La Ventana Homes project in Fresno where he kicked off his campaign to extend and expand the hugely successful homebuyer tax credit to sign legislation that will do just that. AB 183, authored by Assemblymember Anna Caballero (D-Salinas) and Senator Roy Ashburn (R-Bakersfield), will provide a tax credit of up to $10,000 to Californians who are buying their first home or purchasing a brand new home.

LOS ANGELES, CA - March 26, 2010 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today praised California Governor Arnold Schwarzenegger for his leadership in signing the Homebuyer Tax Credit legislation into law.

SACRAMENTO, CA - March 26, 2010 - (RealEstateRama) -- California homebuilders said the $10,000 tax credit for purchasers of new homes and for first-time purchasers of existing homes will help jump-start the homebuilding industry, create jobs and provide a much-needed boost to the state’s economy

Cleveland, OH - March 25, 2010 - (RealEstateRama) -- With 3,800 members strong, the Cleveland Area Board of REALTORSR (CABOR) is poised and ready to help homebuyers take advantage of federal tax credits worth up to $8,000 for first-time buyers and $6,500 for repeat buyers. CABOR members are making sure house hunters have what they need to close a deal

FORSYTH, GA - March 23, 2010 - (RealEstateRama) -- As spring arrives, backyard gardeners and landscapers begin the yearly task of beautifying their outdoor environments. The Georgia Wildlife Resources Division recommends that amateur and professional gardeners, regardless of their yard’s size, consider building a place for wildlife while planning for spring gardens.

EITC is a useful resource for low to moderate income working individuals and families Houston, TX - March 22, 2010 - (RealEstateRama) -- Today, Congressman Al Green (TX-09) sponsored and organized two town hall meetings to inform tax filers about the Earned Income Tax Credit, also known as EITC. Attendees met with Internal Revenue Service (IRS) representatives and tax preparation specialists who assisted them with filing their 2009 tax returns.

March 19, 2010 - (RealEstateRama) -- CCM is Connecticut's statewide association of towns and cities and the voice of local government - your partners in governing Connecticut. Our members represent over 93% of Connecticut's population. We appreciate this opportunity to provide testimony to you on issues of concern to towns and cities.

WASHINGTON, DC - March 18, 2010 - (RealEstateRama) -- The United States has reached a settlement resolving a housing discrimination lawsuit in Pennsylvania concerning discrimination against families with children, the Justice Department announced.

Washington, DC - March 17, 2010 - (RealEstateRama) -- Today U.S. Congressman Dean Heller (R-NV) offered an amendment in the House Ways and Means Committee on H.R. 4849, the Small Business and Infrastructure Jobs Tax Act of 2010. Heller’s amendment failed by vote of 15 to 22.