Friday, February 12, 2010

Random act of Kindness. $1,000,000.00 challenge

Perhaps this Valentines Day you will be covered in flowers and candy, awesome for you. Here's a little challenge. This Valentines, when you least expect it, you may come upon someone who needs a little compassion. Please take a moment to perhaps give a hug and or compliment. One can never tell the joy you may bring.

I was once told we are all blessed with a million dollars in compliments we can share. I really do try to spend mine do you?

Wishing you and those you come across a Vivacious Valentines' Day

FYI

Saint Valentine's Day is an annual holiday held on February 14 celebrating love and affection between companions. The holiday is named after one or more early Christian martye named Valentine and was established by Pope Gelasius in 496 AD.

It is traditionally a day on which lover ones express their love for each other by presenting flowers, offering confectionery and sending greeting cards (known as "valentines"). The holiday first became associated with romantic love in the circle of Geoffrey Chaucer in the High Middle Ages, when the tradition of courtly love flourished.

Modern Valentine's Day symbols include the heart-shaped outline, doves, and the figure of the winged Cupid. Since the 19th century, handwritten valentines have largely given way to mass-produced greeting cards.

Accoding to Wikipedia

Gary DiGiorgio

The DiGiorgio Group

9035 Wadsworth pkwy 2000

Westminster.Co 80021

Direct 303 898 4279

Office 303 422 5200 fx 303 467 0211

Gary@Di-DenverRealty.com



Serving and selling Denver for over 11,000 days

ARVADA***GOLDEN***THORNTON***WESTMINSTER

I REALLY APPRECIATE YOUR REFERRALS

Gary D... For Denver

Monday, February 1, 2010

How does a recent home buyer claim their $8k buyer tax credit ??? Simplified Version

The buyer claims their tax credit on their Federal income tax return. The tax credit is for a primary residence. Recent home buyers need to complete IRS form 5405 to determine their tax credit. Once determined, they can claim the amount on line 67 of their 1040 income tax return for 2009. The purchase HUD statement from their closing of the home needs to be attached to form 5405. No other paperwork is required.

There have been questions regarding this tax credit being “refundable”. The credit is refundable in that a home buyer credit can be claimed even if the buyer has little or no federal income tax liability to offset. Typically, this involves the IRS sending the buyer monies for a portion or even the entire amount of the “refundable “tax credit.

Another question, what is the difference between a “tax credit” and a “tax deduction”?
A tax credit is a dollar for dollar reduction in what a tax payer owes. A tax deduction (.i.e. .little baby Johnny-dependant deduction) is subtracted from the amount of income being taxed.

Hopefully this may be of help to several of you. Please note this is my understanding of the tax credit. I am not a CPA or tax expert (I am a REAL ESTATE PRO) Therefore this information should be confirmed by a financial tax expert and or the IRS
(Remember .....IRS ends in service) ...so ask and ye shall received!!!

Gary DiGiorgio
The DiGiorgio Group
9035 Wadsworth pkwy 2000
Westminster.Co 80021
Direct 303 898 4279
Office 303 422 5200 fx 303 467 0211
Gary@Di-DenverRealty.com

Serving and Selling Denver Metro for 10,500 days +
ARVADA***GOLDEN***THORNTON***WESTMINSTER
I REALLY APPRECIATE YOUR REFERRALS