Document Service Center provides following services:
* Translation and Interpreting - for courts, attorneys, medical appoitments, conferences...We speak following languages fluently and natively - English, Spanish, Russian, Italian and French.
* Real Estate Services - Purchase and Sales of Residential Places - Marina Vialtsina, Realtor with Service First Realty Group
* Legal Services - (because of working closely with numerous attorneys in town, we can refer you to great specialists) - call us if you have following problems or need a consultation -
All Immigration Matters, DUI/DWI, Drug Possession/Distribution, Domestic Violence, Assault, Homicide, Robbery, Burglary, Financial Fraud, Identity Fraud, Theft, Sexual Assault, Parole/Probation Violation, State and Federal Appeals, Habeas Petitions, Juvenile Offenses, Car Accidents, Divorce, Other Family Matters, Etc.
* Notary Service - we can notarize any document (also, mobile notary is available - we will come to you if you cannot come to us)
* Tourist Service - we can provide guide services around SLC, Las Vegas and throughout of California
* Russian Citizenship - we can help your kids born in US to get Russian Citizenship if you have one.
* Business Registration - we can open your business anywhere in US
Please let us be your Center for any matter you may have - Please call Marina at 801-649-5883 or e-mail at marinav30@yahoo.com
801-649-5883
.jpg)
Marina Vialtsina
Wednesday, March 24, 2010
Tuesday, February 23, 2010
Last Time about Tax Credit
Bringing the Dream of Homeownership Within Reach
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that: Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream. If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.
Who Qualifies for the Extended Credit?
First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.
Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.
To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.
If you or your client purchased a home between January 1, 2009 and November 6, 2009, please see: 2009 First-Time Home Buyer Tax Credit.
Which Properties Are Eligible?
The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.
How Much Is Available?
The maximum allowable credit for first-time home buyers is $8,000.
The maximum allowable credit for current homeowners is $6,500.
How is a Buyer's Credit Amount Determined?
Each home buyer’s tax credit is determined by two additional factors:
The price of the home.
The buyer's income.
Price
Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.
Buyer Income
Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009, single buyers with Incomes up to $125,000 and married couples with incomes up to $225,000—may receive the maximum tax credit. These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits.
If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?
Yes, some buyers may still be eligible for the credit.
The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $145,000 for singles and over $245,000 for couples are not eligible for the credit.
Can a Buyer Still Qualify If He/She Closes After April 30, 2010?
Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.
Will the Tax Credit Need to Be Repaid?
No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that: Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream. If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.
Who Qualifies for the Extended Credit?
First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.
Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.
To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.
If you or your client purchased a home between January 1, 2009 and November 6, 2009, please see: 2009 First-Time Home Buyer Tax Credit.
Which Properties Are Eligible?
The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.
How Much Is Available?
The maximum allowable credit for first-time home buyers is $8,000.
The maximum allowable credit for current homeowners is $6,500.
How is a Buyer's Credit Amount Determined?
Each home buyer’s tax credit is determined by two additional factors:
The price of the home.
The buyer's income.
Price
Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.
Buyer Income
Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009, single buyers with Incomes up to $125,000 and married couples with incomes up to $225,000—may receive the maximum tax credit. These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits.
If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?
Yes, some buyers may still be eligible for the credit.
The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $145,000 for singles and over $245,000 for couples are not eligible for the credit.
Can a Buyer Still Qualify If He/She Closes After April 30, 2010?
Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.
Will the Tax Credit Need to Be Repaid?
No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.
Thursday, February 18, 2010
Non -Owner Occupied Properties and Duplexes
Most non-owner occupied purchases now need 20 - 25% down. MI companies will not insure them. Hard to comy by the seller financing or good terms of seller financing. Borrowers can still buy duplexes on as Owner Occupied properties with and FHA mortgage with 3% down
Tuesday, February 16, 2010
FORM 5405 for homebuyers' tax credit
If you bought the house and want to receive the tax credit of $8,000 or $6,500, Make sure you are aware of the new form released by the Internal Revenue Service (FORM 5405) that eligible homebuyers need to claim for their 2009 tax filing if they took advantage of this first-time homebuyers credit.
Taxpayers claiming the homebuyer credit must file a PAPER tax return because of the added doc...umentation requirements implemented to deter fraud and ensure taxpayers properly claim the credit. Additional requirements and link to FORM 5405 provided in the link.See More
http://www.irs.gov/newsroom/article/0,,id=218336,00.html
Taxpayers claiming the homebuyer credit must file a PAPER tax return because of the added doc...umentation requirements implemented to deter fraud and ensure taxpayers properly claim the credit. Additional requirements and link to FORM 5405 provided in the link.See More
http://www.irs.gov/newsroom/article/0,,id=218336,00.html
Thursday, February 11, 2010
If Buyer does not have a downpayment?
In today's lending situation, is it possible to buy a property with no downpayment -
well if they do not have a downpayment, as long as they have two credit scores above a 660 and they meet the income qualifications, they are eligible for the Utah housing program. They need to talk to a lender to make sure they qualify
well if they do not have a downpayment, as long as they have two credit scores above a 660 and they meet the income qualifications, they are eligible for the Utah housing program. They need to talk to a lender to make sure they qualify
Friday, February 5, 2010
What your home needs this year.
Keep it well-maintained...the Guide of What you need to do and When:
Winter-
Clean the Vent behind your dryer - machine will work quicker, lower risk of fires - Cost $15-45.
Check your furnace filter - change it one-twice a year. Cost - $8-20/each
Make sure your sump - pump is clean and operating properly
Storm windows will keep the house warm
Vacuum condenser coils
Use your stuck-inddors time to knock off some annual fire prevention tasts. Less that $20 for fire extinguisher and $10-12 for circuit interrupter.
Change batteries the same day you change clocks in smoke detectors and carbon-monoxide alarms twice a year.
Spring maintenance list is coming up in March 1 blog.
Winter-
Clean the Vent behind your dryer - machine will work quicker, lower risk of fires - Cost $15-45.
Check your furnace filter - change it one-twice a year. Cost - $8-20/each
Make sure your sump - pump is clean and operating properly
Storm windows will keep the house warm
Vacuum condenser coils
Use your stuck-inddors time to knock off some annual fire prevention tasts. Less that $20 for fire extinguisher and $10-12 for circuit interrupter.
Change batteries the same day you change clocks in smoke detectors and carbon-monoxide alarms twice a year.
Spring maintenance list is coming up in March 1 blog.
Wednesday, January 27, 2010
How much is your jewerly worth?
with prices at record highs, this is your chance to trade in your old jewerly for somthing more liquid. according to Money magarzine.
The following work sheet is proposed to estimate a fair price for your gold.
1. weigh your gold on a kitchen scale (grams)
2. multiply that number b ythe current price of gold (cnnmoney.com/data/commodities)($ per ounce)
3. divide by one of these...
10k -/74.8
14k -/53.2
18k -/41.5
24k -/31.1
4. multiply by 0.50 and 0.80....you will get a range, a fair price is somewhere between that range.
The following work sheet is proposed to estimate a fair price for your gold.
1. weigh your gold on a kitchen scale (grams)
2. multiply that number b ythe current price of gold (cnnmoney.com/data/commodities)($ per ounce)
3. divide by one of these...
10k -/74.8
14k -/53.2
18k -/41.5
24k -/31.1
4. multiply by 0.50 and 0.80....you will get a range, a fair price is somewhere between that range.
Friday, January 22, 2010
Homebuyer Tax Credit Extended!
Are you a first time home buyer with income of no more than $75,000 ($150,000 for couples)?
You can still qualify for last year's $8,000 tax break, assuming you are in contract by April 30 and close before July 1.
Owned the same home for at least 5 years?
You can now get $6,500 tax credit if you buy another within the deadline.
You can still qualify for last year's $8,000 tax break, assuming you are in contract by April 30 and close before July 1.
Owned the same home for at least 5 years?
You can now get $6,500 tax credit if you buy another within the deadline.
Thursday, October 29, 2009
Senators agree to extend homebuyer tax credit
By STEPHEN OHLEMACHER
The Associated Press
Wednesday, October 28, 2009; 8:00 PM
WASHINGTON -- Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.
The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November. The Commerce Department said Wednesday that new home sales fell 3.6 percent in September, and some industry representatives blamed uncertainty about the tax credit.
Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years, said Regan Lachapelle, a spokeswoman for Senate Majority Leader Harry Reid, D-Nev.
The tax credits would be available to homebuyers who sign sales agreements by the end of April. They would have until the end of June to close on their new homes, according to a summary of the legislation being circulated among lawmakers.
Senators were still negotiating the expansion of a separate tax credit that lets money-losing businesses get refunds for taxes paid in previous years, providing them with an immediate source of cash.
Senators in both political parties were hoping to add both tax provisions to a bill that would give people running out of unemployment insurance benefits up to 20 more weeks of federal aid. The Senate could vote on the overall bill as early as Thursday, but lawmakers were still haggling over several unrelated amendments Wednesday evening.
Popular bills like the one to extend unemployment benefits often attract amendments that would have a difficult time passing on their own.
Republicans were demanding that they be given a chance to offer amendments to restrict federal aid to the beleaguered community activist group ACORN and on requiring that people receiving unemployment insurance be processed through E-Verify, an Internet-based system that employers use to check on the immigration status of new hires.
Majority Democrats have refused to add the amendments.
If the Senate passes the bill, it would go to the House, which passed a similar bill extending unemployment benefits last month. House leaders have also said they support extending the tax credit for homebuyers.
Sen. Chris Dodd, D-Conn., has been negotiating for several weeks with Sen. Johnny Isakson, R-Ga., to craft an extended tax credit for homebuyers that would pass the Senate.
Lawmakers didn't release a cost estimate for extending the tax credit, though similar proposals were projected to cost about $10 billion.
Industry representatives said uncertainty about the tax credit is hurting new home sales. September's decline was the first since March.
It takes 45 days to 60 days to close on a house, making it unlikely a sale made today would be consummated by the end of November, said Lucien Salvant, spokesman for the National Association of Realtors.
"Buyers right now have an incentive to hold off, not knowing whether the credit will be extended," Salvant said.
About 1.4 million first-time homebuyers have qualified for the credit through August. The National Association of Realtors estimates that 350,000 of them would not have purchased their homes without the credit.
The tax credit for money-losing businesses is a favorite among Republican lawmakers. Businesses could get tax refunds by using losses from 2008 and 2009 to offset taxable profits made in the previous five years. Under current law, they can only offset profits from the previous two years.
The provision would help a variety of industries, including retailers, manufacturers and home builders, though it's expensive.
"It's clearly a way to put cash in the hands of some major economic players," said Clint Stretch, a tax policy expert at Deloitte Tax.
A similar proposal that was ultimately dropped from the economic stimulus package enacted in February would have cost nearly $20 billion over 10 years. Lawmakers are working to reduce the price tag.
Because people are so strapped for cash, this is a good way to get refunds when businesses need them for operating expenses, said Rachelle Bernstein, vice president and tax counsel for the National Retail Federation.
http://www.washingtonpost.com/wp-dyn/content/article/2009/10/28/AR2009102803959_2.html?referrer=facebook
The Associated Press
Wednesday, October 28, 2009; 8:00 PM
WASHINGTON -- Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.
The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November. The Commerce Department said Wednesday that new home sales fell 3.6 percent in September, and some industry representatives blamed uncertainty about the tax credit.
Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years, said Regan Lachapelle, a spokeswoman for Senate Majority Leader Harry Reid, D-Nev.
The tax credits would be available to homebuyers who sign sales agreements by the end of April. They would have until the end of June to close on their new homes, according to a summary of the legislation being circulated among lawmakers.
Senators were still negotiating the expansion of a separate tax credit that lets money-losing businesses get refunds for taxes paid in previous years, providing them with an immediate source of cash.
Senators in both political parties were hoping to add both tax provisions to a bill that would give people running out of unemployment insurance benefits up to 20 more weeks of federal aid. The Senate could vote on the overall bill as early as Thursday, but lawmakers were still haggling over several unrelated amendments Wednesday evening.
Popular bills like the one to extend unemployment benefits often attract amendments that would have a difficult time passing on their own.
Republicans were demanding that they be given a chance to offer amendments to restrict federal aid to the beleaguered community activist group ACORN and on requiring that people receiving unemployment insurance be processed through E-Verify, an Internet-based system that employers use to check on the immigration status of new hires.
Majority Democrats have refused to add the amendments.
If the Senate passes the bill, it would go to the House, which passed a similar bill extending unemployment benefits last month. House leaders have also said they support extending the tax credit for homebuyers.
Sen. Chris Dodd, D-Conn., has been negotiating for several weeks with Sen. Johnny Isakson, R-Ga., to craft an extended tax credit for homebuyers that would pass the Senate.
Lawmakers didn't release a cost estimate for extending the tax credit, though similar proposals were projected to cost about $10 billion.
Industry representatives said uncertainty about the tax credit is hurting new home sales. September's decline was the first since March.
It takes 45 days to 60 days to close on a house, making it unlikely a sale made today would be consummated by the end of November, said Lucien Salvant, spokesman for the National Association of Realtors.
"Buyers right now have an incentive to hold off, not knowing whether the credit will be extended," Salvant said.
About 1.4 million first-time homebuyers have qualified for the credit through August. The National Association of Realtors estimates that 350,000 of them would not have purchased their homes without the credit.
The tax credit for money-losing businesses is a favorite among Republican lawmakers. Businesses could get tax refunds by using losses from 2008 and 2009 to offset taxable profits made in the previous five years. Under current law, they can only offset profits from the previous two years.
The provision would help a variety of industries, including retailers, manufacturers and home builders, though it's expensive.
"It's clearly a way to put cash in the hands of some major economic players," said Clint Stretch, a tax policy expert at Deloitte Tax.
A similar proposal that was ultimately dropped from the economic stimulus package enacted in February would have cost nearly $20 billion over 10 years. Lawmakers are working to reduce the price tag.
Because people are so strapped for cash, this is a good way to get refunds when businesses need them for operating expenses, said Rachelle Bernstein, vice president and tax counsel for the National Retail Federation.
http://www.washingtonpost.com/wp-dyn/content/article/2009/10/28/AR2009102803959_2.html?referrer=facebook
Friday, September 4, 2009
New Local Stimulus Fund
SALT LAKE CITY (AP) -- Utah Gov. Gary Herbert says he'll use $8 million in federal stimulus funds to help kick start the state's sluggish housing market.
Herbert's office released a statement Friday saying that the state will offer $4,000 grants to 2,000 home buyers.
The program comes on the heels of one started by former Gov. Jon Huntsman, who used $10 million in stimulus funds offer $6,000 grants.
The state awarded those 1,600 grants in less than 12 weeks earlier this year.
The Utah Housing Corporation says the grants have led to home sales of $376.7 million, creating thousands of jobs and millions of dollars in wages.
Herbert's office released a statement Friday saying that the state will offer $4,000 grants to 2,000 home buyers.
The program comes on the heels of one started by former Gov. Jon Huntsman, who used $10 million in stimulus funds offer $6,000 grants.
The state awarded those 1,600 grants in less than 12 weeks earlier this year.
The Utah Housing Corporation says the grants have led to home sales of $376.7 million, creating thousands of jobs and millions of dollars in wages.
Subscribe to:
Posts (Atom)