Archive for category Legal
Property Managers, Landlords and Real Estate Investors – How to Get Tax Help from the IRS
Property managers, landlords and real estate investors, when tax season is in full swing, the Internal Revenue Service receives millions of calls and thousands of taxpayer visits daily. For faster service, avoid peak times like Monday and Friday mornings when wait times are usually longest. Better yet, get the help you need online 24/7 without [...]
SDCAA – STOP SB 184
Posted by Jerry in Apartments, Legal on January 25, 2012
by ogalvez@sdcaa.com Stop the bill to reauthorize RENT CONTROL in California!! What SB 184 Does The bill overturns a court case that affirmed California’s now 16-year-old law, Costa-Hawkins, prohibiting rent control on newly constructed apartment units. The result would be an insidious new form of rent control – capping rents on units for as long as [...]
2011 Year End Tax Tips for Landlords, Real Estate Investors, Vacation Home Owners
Landlords, Real Estate Investors, Rental Property Owners, Vacation Home Owners – it is important to prioritize end of the year tax planning. You can keep more money in your pocket by taking advantage of available tax benefits and by tapping into new tax saving opportunities. Take action now to SAVE on taxes! ACT BEFORE DECEMBER 31, 2011 [...]
Imperial Beach tax bills are hundreds of dollars off
Ann Marie Harbin purchased the home she grew up in from her mother 12 years ago. Because the property taxes are part of her mortgage and impounded, she never really noticed until a good friend asked her take a closer look at a property tax bill. — Nelvin C. Cepeda Thousands of tax bills mailed [...]
STATE LEGISLATIVE UPDATE
by ogalvez@sdcaa.com Yesterday, Governor Brown signed AB 341 (Chesbro), a bill opposed by SDCAA which establishes new solid waste recycling requirements for commercial and residential properties. SDCAA had negotiated less rigid and more reasonable standards earlier in the year which were amended into another bill, AB 818 (Blumenfield). SDCAA ended up with a neutral position on [...]
Top Ten Tax Deductions for Landlords
Posted by Jerry in Apartments, Legal on February 5, 2011
Learn about the many tax deductions available to rental property owners. Every year, millions of landlords pay more taxes on their rental income than they have to. Why? Because they fail to take advantage of all the tax deductions available for owners of rental property. Rental real estate provides more tax benefits than almost any [...]
New 1099 Rules: President’s Speech Offers Hope for Some Relief; Exceptions for Rental Income Reporting Remain Vague
JANUARY 27, 2011 For small businesses that were dreading the thought of having to produce a Form 1099 for every payee to which they paid at least $600, President Barack Obama offered the prospect of relief in his State of the Union speech Jan. 25 when he said, “We can start right now by correcting [...]
Business License Processing Fees
Posted by Jerry in Apartments, Legal on January 27, 2011
Chula Vista Announces New Business Licensing System The City of Chula Vista Finance Department announces a new business licensing system and will provide faster customer service and convenience. The new system will also allow billing for Fire Company Inspection Program(FCIP) fees and fire permit fees, and also to administer the City’s free mandatory energy assessment [...]
Legislative Update by Kimball, Tirey, & St. John LLP
J. Kathleen Belville, Esq. Jamie Sternberg, Esq. December, 2010 The California legislature has completed the 2010 session. The following bills have been chaptered and will become law:
New Rules Require Rental Property Owners to Issue 1099s
NOVEMBER 11, 2010 The recently enacted Small Business Jobs Act contained one provision that may have escaped the notice of taxpayers who own rental property, but will affect them starting in January. Under the provision, owners of property who receive rental income will be required to issue Forms 1099 to service providers for payments of [...]