Author: News Feed

SECURE Act 2,0 with over 60 provisions mostly all related to retirement plans, was enacted December 29, 2022 as part of the Consolidated Appropriations Act, 2023 (P.L. 117-238). I maintain a table of the provisions, summary from the Senate Finance Committee of each provision, effective date, and any guidance from the IRS.SEC. 115 of the SECURE Act is called “Withdrawals for Certain Emergency Expenses.” It is well-intended to allow individuals to withdraw up to $1,000 from their eligible retirement account every three years without the 10% additional tax of IRC §72(t), if the funds are for distributions used for certain emergency…

You did it. You found a home you know you could be happy in. But do you know how to make an offer on a house that will stand out from the rest? It’s not as simple as you might think. In a sea of other offers, you want the seller to notice yours — fast. Read on to learn how to make a great offer that will be accepted the same day. If you make the right bid, you could be under contract before you know it and moving in within the month! 5 tips for making the best…

  The Case A new case from California’s Office of Tax Appeals brings some clarity to how strictly California dates a change of residency for income tax purposes when a resident moves out of state shortly before a liquidity event. The case, Appeal of J. Bracamonte, OTA, Case No. 18010932 (May 2021), emphasized the importance of how much time a resident spends in California after the purported move. Bracamonte also sheds light on the “interim home” problem, which occurs when a resident moves into an out-of-state rental pending purchase of a permanent home in their new home state, while retaining…

Good day, dear readers! Today I feel a bit professorial. Therefore, I’ll discuss a phenomenon we’re witnessing in the industrial real estate market in Southern California — the lack of demand.What is demand, you may ask?In this context, demand stems from a need created by external factors. Think for a moment about your own home. If you suddenly realize you’re out of coffee, you have a need created by an external factor — someone forgot to put coffee on the shopping list. Consequently, you rush to your corner Starbucks or neighborhood Albertsons to get your caffeine fix.Demand in industrial real…

No Crash Ahead: The Bay Area’s Housing Market Is SolidLearn why this market isn’t following crash predictions. With discussions about the economy and potential concerns over a housing market crash, it’s understandable if you’re feeling uncertain. But here’s some good news: both nationally and in the San Francisco Bay Area, the housing market is in a much stronger position than it was in 2008, and there’s no crash on the horizon. Housing market crashes typically happen when demand drops or there’s an oversupply of homes. Thankfully, neither of these factors are affecting the Bay Area today. Here’s why: 1. Demand…

For the summer Olympics of 2016, I wrote an article on what a State Tax Decathlon could look like. Here are the events: The Jock Tax Challenge – calculate state taxes for professional athlete Multistate File and Plan for individual with activities in 10 states The Business Split – calculate state taxes for multistate business in states with differing sourcing and apportionment Nexus Confidence – based on given facts, does taxpayer have nexus in the state? Amicus Drafting – research and draft brief with references to at least 30 cases Power of the People – draft ballot materials for a…

Lease Santa Barbara 1 N. Calle Cesar Chavez Warehouse with office space in the “Vercal Building” with 16’ ceilings and ground level roll up door. The space includes reserved parking, kitchenette, office area and private restroom. The efficient space has the ability toaccommodate a variety of uses with easy access from the 101 freeway. Distribution-WarehouseIndustrialOfficeShowroom $1.25 NNN ($0.30) 11,683 SF Source link

You’ve had your home on the market for weeks and there are no bites. You might need to consider making a change. Could going from carpet to hardwood make a difference? Maybe. Even though carpeting is cozy beneath your feet, it collects more allergens and is harder to clean. If you haven’t installed new carpet in years, potential buyers could be spotting stains as they make their way from room to room. Here are some reasons why a flooring switch could pay off big. Increase your chances of a high ROI More than half of homebuyers say they are willing…

  What’s Happening? There’s a noteworthy residency-related Easter egg in the criminal tax fraud indictment against the Trump Organization and its CFO, Allen Weisselberg. The complaint includes the charge that Weisselberg fraudulently failed to file tax returns as a New York City resident, thus evading the municipality’s income tax on the city’s inhabitants. Monetarily, it’s one of the lesser offenses. It isn’t even mentioned in much of the media coverage. But it shines a spotlight on a question that sometimes arises in California residency tax planning: are there criminal tax fraud risks in asserting nonresidency while retaining or establishing significant…

If you’re interested in mid-century architecture or the history of homebuilding in Marin County, you’ve likely heard of Kenney Homes or “Kenney-built homes”. These iconic houses, built by John Kenney in the 1950s and 60s, are a defining feature of the Terra Linda neighborhood in San Rafael, California. As a long-time San Rafael resident and the #1 Realtor for homes sold in San Rafael since 2007, I, Renee Adelmann, am passionate about sharing the history and characteristics of these timeless Kenney Homes. A Brief History of Kenney Homes Kenney-built homes are a part of San Rafael’s rich architectural history. John…