Believe it or not, it’s time to start preparing tax returns, again, and for the last week of January, 2009, I’d like to remind homeowners not to forget: 1. If you purchased your primary residence in 2008, don’t forget to homestead the property in order to qualify for a cap on your property taxes in 2009 or homestead portability. You must homestead the property via the tax appraiser’s office no later than March 1, 2009. 2. If you purchased your first home in 2008, don’t forget that you have a tax credit of $7,500 coming to you! Consult with an accountant about using the credit best to your advantage. 3. If you invested in any property during 2008, don’t forget that some closing costs and expenses may be deductible from your IRS taxes. If you don’t have a copy of your closing statement, ask your realtor or your title company to provide you with a copy, and then consult with your accountant. 4. Investment property owners may also qualify for other tax write-offs and discounts. Please don’t fail to talk to your accountant and/or tax attorney. We are happy to help all of our 2008 customers with obtaining copies of their closing statements and or referring tax attorneys or accountants. Although no one likes tax time, we can at least help you find experts to help you report your numbers to the best possible advantage. Call us!We are happy to help all of our 2008 customers with obtaining copies of their closing statements and or referring tax attorneys or accountants. Although no one likes tax time, we can at least help you find experts to help you report your numbers to the best possible advantage. Call us!
