Bill McCord's Blog » Taxation http://mccordrealtyservices.com Realty World - Windsor Sun, 01 Apr 2012 18:05:10 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 California Buyers Tax Credit – Good or Bad? http://mccordrealtyservices.com/2010/05/08/california-buyers-tax-credit-good-or-bad/ http://mccordrealtyservices.com/2010/05/08/california-buyers-tax-credit-good-or-bad/#comments Sat, 08 May 2010 23:03:11 +0000 Bill McCord http://bmccord.blogs.rwnetwork.com/?p=456 Speaking as a Realtor I should welcome the new California tax credit for certain homebuyers. Instead I condemn it as nothing more than a subsidy for lenders, the building industry and the brokers/agents (including me) handling their transactions.

California is a virtually bankrupt State with the 3rd worst educational system in the Country.

To be allocating $200 million to such a program, while simultaneously imposing huge cuts on education, seems to me the height of irresponsibility.

In practice this program will chiefly benefit people who would be buying anyway, and steer them toward new construction. I don’t see this as anything Realtors should be cheering about.

Banks and Builders however are welcoming it with huge sighs of relief.

Just my opinion.

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]]> http://mccordrealtyservices.com/2010/05/08/california-buyers-tax-credit-good-or-bad/feed/ 0 Mortgage Tax Deduction http://mccordrealtyservices.com/2010/01/31/mortgage-tax-deduction/ http://mccordrealtyservices.com/2010/01/31/mortgage-tax-deduction/#comments Sun, 31 Jan 2010 23:34:01 +0000 Bill McCord /?p=348 Here we are at the start of the annual self flagellation period otherwise know as Tax Preperation Time.
Given the amount of bad/wrong advice freely floating around on this topic you might find it helpfull to see what the rules really are as the I.R.S. sees it.
Check out this link: http://www.irs.gov/pub/irs-pdf/p936.pdf

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