Archive | Tax

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IRS – Safeguarding Taxpayer Data

IRS Resources The IRS (Internal Revenue Service) has a lot of resource material for so many aspects of business. Take advantage of them. One I recently discovered concerns problems in protecting client’s data and avoiding lawsuits, loss of money and penalties from different agencies. This specific guide is one that I recommend.  It is written […]

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GREAT UPDATE ON CARES ACT

Tax-Related Provisions in the Coronavirus Aid This was prepared by my tax professionals at Norwalk Business Service. Great information and great links.  For more information visit  Tax-Related Provisions in the Coronavirus Aid

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Income Tax At Its Birth In 1913

History of IRS Form 1040 A reader of my emails, Jonathan Hubbell, was generous enough to send me a most interesting form. He is a Broker Associate at First Team Real Estate in Mission Viejo. The form was the very first IRS Form 1040. He properly corrected a statement that I had made that Income […]

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Documents about tax debt on a table.

IRS LIENS; INTERESTING

Trustee Sale Foreclosures In my recent MLO classes I asked some questions about Trustee Sale Foreclosures. Even with experienced real estate agents and mortgage loan originators, there is confusion on some items. One is: “What happens when there is an IRS lien on a property and there is a Trustee Sale?” The IRS lien will […]

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STATE BUDGET REVISIONS

Department of Business Oversight Found this information in a strange place, on the Department of Business Oversight website. This is the Department which licenses almost everyone in California (they do not license DRE applicants since July 2018). I was reading the May Revisions to the 2019-2020 Budget that became effective on July 1, 2019. The […]

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