A Jacksonville tax preparer admitted Thursday he falsely claimed tax credits for first-time home-buyers.

Jacksonville tax preparer pleads to fraud, faces 3 years | Jacksonville.com

Jacksonville tax preparer pleads to fraud, faces 3 years
He faces up to three years in prison and at least $216,000 in fines.

By Paul Pinkham
Story updated at 8:12 AM on Friday, Jul. 24, 2009

A Jacksonville tax preparer admitted Thursday he falsely claimed tax credits for first-time home-buyers. He was the first person in the country indicted for manipulating the federal program implemented last year.

James Otto Price III, 47, pleaded guilty to one count of aiding the filing of a fraudulent income tax return. He faces up to three years in prison and restitution to the Internal Revenue Service of at least $216,000, Assistant U.S. Attorney Nicholas Pilgrim said.

More...

The Power of Personal Contact and Invitations to Action on a Blog

The Power of Personal Contact and Invitations to Action on a Blog - Scribefire: Fire up your blogging

July 16, 2008
The Power of Personal Contact and Invitations to Action on a Blog
Filed under: Blogging Tips -- Darren Rowse @ 10:09pm

This week I learnt two things about blogging:

1. Getting your readers to DO something on your blog is a powerful thing.
2. Personal contact with readers makes a real impact

Read how...

Here are our complete Sections for Real Estate Investing:

General REI Tips and Advice - Public

One On One Coaching - How Does it Work?

Real Estate Investing Articles and Tips - For Mentorees

Buying Creatively with Wholesaling, Retailing, Sub2-Land Trust, Agreement For Deed, Seller Financing, Lease Options, and more!

Forms and Agreements for Buying, Selling and Private Lenders

Investments - Learn the basics here!

Landlording Tricks and Tips - Rent to Own Landlording Too!

Private Lenders for your Deals - Get Yours Now!

Real Estate Agents - How are they Trained? How can RE Investors compete against them?

Selling Creatively - Sell for Cash or Seller Finance FAST, even in a Buyer's Market!

Taxation - You need to Know IRS Taxation for Yourself as REIs and Getting Private Lenders!

Mentoring – How it works and How to get More Info!

REI Courses that won’t Break the Bank!

REI Resources that are Free or Low Investment Cost!

Contact Me Personally FREE of Charge!

Bad News For Seniors: No IRA Help For 2008

Bad News For Seniors: No IRA Help For 2008
Janet Novack 12.18.08, 5:30 PM ET

The Treasury has decided against granting any relief to retirees who were hoping to take smaller 2008 distributions from their depleted individual retirement accounts.

Last week, Congress passed a bill suspending--for 2009--rules that force IRA owners over 70 and a half years old, as well as those who have inherited IRAs, to take "required minimum distributions" (RMDs) from these accounts annually. The Treasury Department, meanwhile, had been considering easing the pain for 2008 too.

Normally, the RMD is calculated based on an IRA owner's age (older folks must take out more) and his or her IRA balance on Dec. 31 of the previous year. Outside tax lawyers believed the Treasury had the authority to allow 2008 distributions to be based on some date in late 2008 after the market had tanked. That would have led to smaller required 2008 distributions.

Treasury and the Internal Revenue Service have decided, however, that since Congress has now acted, they will not allow this, according to a letter being sent to several senators and congressmen who had requested help from Treasury.

More..Forbes.com - Magazine Article

Mortgage Lending for Home Sellers who can not sell - WSJ.com

Mortgage Lending for Sellers
By AMY HOAK

* Article
* Comments

more in Investing »

* Email
* Printer Friendly
* Share:
o Yahoo Buzz more
o MySpace
o Digg
* smaller Text Size larger
*

It's much harder to get a mortgage today than it was a couple of years ago. That's why some home sellers are stepping in and financing deals on their own.

The concept of owner financing isn't new, though it wasn't as popular when mortgage money was easier and cheaper to come by through traditional lenders. But in today's tough real-estate markets, being able to finance the sale of your home can give a seller an edge. "There are a lot of good buyers out there that can't get loans," says Dawn Rickabaugh, of Rickabaugh Realty, in Pasadena, Calif. "When you eliminate the hurdle of qualifying for a bank loan, you'll double the amount of buyers interested," she says. Ms. Rickabaugh also oversees the owner-financing Web site NoteQueen.com.

Mortgage Lending for Sellers - WSJ.com

MUST READ!! - Legal Articles - Bronchick

Free Real Estate Articles by William Bronchick | Legalwiz.com

Lease-To-Buy May Be Good Option

Lease-To-Buy May Be Good Option