Blog
Guidance on New $6,500 Tax Credit for Repeat Home Buyers
If you have questions about the the $6,500 tax credit for repeat home buyers, the IRS has published guidance to help consumers better understand the requirements. This Washington Post article gives an explanation of the credit and provides a link to the IRS for more information. A little research led me to this IRS link
Read More...Community College Provides Healthcare Education
The community college in Twin Falls, College of Southern Idaho is helping to alleviate the shortage of healthcare workers. Area communities will benefit from the training many of these students receive who plan to stay in our communities. It is also a benefit for students who are changing careers, either by choice or because of
Read More...Idaho School for the Deaf and Blind asset to Gooding, Idaho
One of the largest employers in the City of Gooding also provides an excellent education for youth who are deaf or blind. Learn about the Idaho School for the Deaf and Blind on their website.
Read More...January 1, 2010 HUD-1 and GFE Changes
Effective January 1, 2010 a new Good Faith Estimate (GFE) and HUD-1 (closing statement) are required. These updated forms are designed to better inform borrowers and to restrict fee increases that borrowers have experienced in the past. It should help to eliminate surprises at the closing table in relation to fees the borrower pays or
Read More...Mortgage Forgiveness Tax Relief Still in Effect
A law enacted in 2008 relieves homeowners from paying taxes on mortgage debt that as been relieved through mortgage workouts, short sales, etc. This is in effect through 2012 and there is a specific for used to report this to the IRS. Read the IRS bulletin regarding tax relief.
Read More...Learn more about Magic Valley Communities
When considering moving to a community it is helpful to see what is going on in that commmunity at the governing and Chamber of Commerce levels. We are would like to provide links to the Magic Valley community websites and blogs below: City of Hagerman Hagerman Chamber City of Jerome City of Kimberly City of Buhl City of Twin Falls
Read More...Taxes in Idaho
Just read an article in the Idaho Business Review about a study that says Idaho’s tax burden is the sixth lowest per capita. It is great to be able to live in Idaho where the quality of life is so positive and our tax burden is lower than so many …
Read More...Fed Interest Rates to remain at Historic Low
I just read about the Federal Reserve’s announcement that they will leave key interest rates unchanged for an extended period. With low mortgage rates to continue, and the homebuyer’s tax credit for those who qualify, purchasing a home is still a viable option. MSNBC wrote, “just in time for the holidays, …
Read More...Fed Interest Rates to remain at Historic Low
I just read about the Federal Reserve’s announcement that they will leave key interest rates unchanged for an extended period. With low mortgage rates to continue, and the homebuyer’s tax credit for those who qualify, purchasing a home is still a viable option. MSNBC wrote, “just in time for the holidays, …
Read More...Homebuyer Tax Credit Update
NAR Issue Brief Homebuyer Tax Credit Changes National Association of REALTORS® Government Affairs Division 500 New Jersey Avenue, NW, Washington DC, 20001 Congress has extended and expanded the homebuyer tax credit. The modifications in the column labeled “December 1 – April 30, 2010” become effective when President Obama signs the bill. All changes made …
Read More...
