Insurance, Tax & Legal

Supes propose shortcut to S.F. condo conversion Rachel Gordon Tuesday, June 12, 2012 A proposal to create a one-time bypass of San Francisco’s strict condominium conversion lottery could pump as much as $25 million into the city’s affordable housing fund and help more than 1,000 tenancy-in-common … Continue reading

Real Property Tax Prorations

By Fidelity National Title Co March 28, 2012 Real Property Tax Prorations Every state bases its property tax calendar year differently. In California, for example, the calendar year is from July 1 to June 30th. Some states collect property taxes … Continue reading

Tax Credit for New Home Purchase

New California tax credit being offered for buyers of new construction properties. This tax credit is available for qualified buyers who on or after March 1, 2009, and before March 1, 2010, purchase a qualified principal residence that has never … Continue reading

SF Supervisors Seek Fed Money for Wire Project

San Francisco supervisors today asked for federal assistance to continue a program to underground all of the city’s utility wires Bay City News January 13, 2009 SAN FRANCISCO — San Francisco supervisors today asked for federal assistance to continue a … Continue reading

Supervisors Pass Rental Property Disclosure Ordinance Requiring Sellers and Buyers to Advise Tenants of Rights

Claiming that sellers and buyers of rental property sometimes give tenants residing in buildings subject to the city’s rent ordinance the impression that their rights under the ordinance do not survive a sale of the building, Supervisor Chris Daly has … Continue reading

Private Annuity Trusts: Questions and Answers

By Ray A. Smith The Wall Street Journal A recent Building Value column discussed creative ways investors could defer capital-gains tax bills from the sale of their properties. Numerous readers wrote in asking for more information about one such strategy: … Continue reading

How Home Improvements Affect Your Taxes When You Sell As a homeowner, you may be asking, “Can I ever get a tax benefit out of all the money I’ve spent fixing up my house?” The answer may be yes. You generally can’t deduct the cost of a new … Continue reading

Commonly Asked Questions about 1031 Exchanges

What does the term 1031 refer to? 1031 is the number assigned to the Internal Revenue Code Section that provides for the tax deferred exchange of real and personal property. What does the term Starker refer to? It refers to … Continue reading

Federal Tax Credits for Energy Efficiency

Energy Star On October 3, 2008, President Bush signed into law the “Emergency Economic Stabilization Act of 2008.” This bill extended tax credits for energy efficient home improvements (windows, doors, roofs, insulation, HVAC, and non-solar water heaters). Tax credits for … Continue reading

End-of-Year Tax Savings Tips

End-of-Year Tax Savings Tips Six money-savings strategies to employ before December 31st By Steve Kopff, CPA December 12, 2007 Would you like to reduce your tax payment this April? If so, December is the month to take steps toward that … Continue reading