Important tax information for owners of Real Property in the City and County of San Diego Failing to file certain forms of exemption with the County of San Diego can subject property owners to unexpected tax bills! Here we discuss Homeowners Property Tax Exemptions and the associated City Rental Taxes. Homeowners Property Tax Exemptions San Diego County real property which … Read More
The IRS and your Sale Escrow
Some key factors to know about the Internal Revenue Service (IRS) and your sale escrow: The IRS requires that settlement agents report the sales they close The report is submitted by the filing of Form 1099-S Certain transactions do not have to be reported No report is submitted for a Corporation Seller No report is submitted under certain Residing Seller … Read More
The FTB and Your Sale Escrow
Some key factors to know about the Franchise Tax Board (FTB) and your sale escrow: Every Seller’s withholding status is assessed separately Married Sellers are each considered to hold a 50% interest (Community Property State) A properly completed Form 593-C avoids withholding No FTB form is complete without a Taxpayer Identification Number (TIN) Form 593-E is offered by the FTB … Read More
Second Installment of Property Taxes: Due February 1st!
Friendly reminder that the Second Installment of property taxes are due on FEBRUARY 1, 2019 (and are considered delinquent after April 10, 2019)! To all sellers who are scheduled to close escrow ON OR BEFORE APRIL 10TH and have not yet issued their First Installment payment: It is in your best interest to pay the tax installment through escrow rather … Read More
Making a Smooth Move: Downsizing Tips for Seniors
GUEST BLOG POST WRITTEN BY: Michael Longsdon, Elder Freedom. After living in your home for years, it’s not unusual to feel a deep sense of sadness knowing that you have to downsize to a smaller home. Your house is filled with beautiful memories, and it’s tough to leave it all behind. But no matter where you decide to move and begin … Read More
San Diego County Recorder Holiday Schedule 2019
Our 2019 calendar is available now for download! We highlight the San Diego County Recorder’s Holiday schedule for easy reference! Learn more about the San Diego County Recorder on their website.
First Installment of Property Taxes: Due November 1st!
Friendly reminder that the First Installment of property taxes are due on NOVEMBER 1, 2018 (and are considered delinquent after December 10, 2018)! To all sellers who are scheduled to close escrow ON OR BEFORE DECEMBER 10TH and have not yet issued their First Installment payment: It is in your best interest to pay the tax installment through escrow rather … Read More
Property Tax Prorations Chart
Who pays what and when? At the closing of any real estate transaction, property expenses should be divided fairly between the buyer and the seller so that each party is paying only for those days which he/she owns the property. Who pays what and when varies greatly depending on the close date! Download our Property Tax Proration Chart for an … Read More
Your Guide to California Real Estate Withholding Forms
No matter the time of year, State Income Taxes must be considered during every California real estate transaction. All parties to the sale can use our new guide to help navigate the various FTB Real Estate Withholding Forms which will be distributed by the Real Estate Escrow Person (REEP – that’s us)!” Use this free guide to learn more about … Read More
The Importance of Seeking Qualified Counsel
There are sensitive matters of real property and contract law, and many important tax considerations, which surround the sale and purchase of a California home. While the California Association of Realtors, American Land Title Association and California Escrow Association have developed thorough and effective documents and tools to facilitate the process, consumers should remain vigilant in their approach to a … Read More
- Page 1 of 2
- 1
- 2