Jun
27
Andrew K
I am filling out both H&R blocks and Turbo Tax’s online taxes and I noticed that the return amount didnt go up with either one when I add the amount of mortgage interest I paid this year. Why is that? Also, why is HR blocks return higher with the same exact information?
I am filling out both H&R blocks and Turbo Tax’s online taxes and I noticed that the return amount didnt go up with either one when I add the amount of mortgage interest I paid this year. Why is that? Also, why is HR blocks return higher with the same exact information?
Apr
7
Why is my mortgage company not paying my tax bill when I have escrow?
Filed Under United States | 3 Comments
SJS
My mortgage company (CITIMORTGAGE) is not paying my tax bill. The money is in escrow, the error has been spotted and documented in a case number by customer service.
My mortgage company (CITIMORTGAGE) is not paying my tax bill. The money is in escrow, the error has been spotted and documented in a case number by customer service.
I paid the bill myself, because it is over six months late and I risked being put on the TAX SALE foreclosure list.
Should I be worried that they are going out of business? Or is this a computer glitch?
Apr
1
Can a mortgage company file a 1099 when you are in default without a summary jugement?
Filed Under United States | Leave a Comment
mexlin
We are residents of Texas and the property in foreclosure is in Delaware. Second mortgage holder is threatening to file a 1099.
We are residents of Texas and the property in foreclosure is in Delaware. Second mortgage holder is threatening to file a 1099.
Feb
21
If you have a mortgage, who is responsible for filing a Homestead and mortgage exemption?
Filed Under United States | 1 Comment
Alberto M
The taxes in our area when up drastically. My friend asked me to review his tax bill and I noticed he did not have a Homestead or Mortgage exemption. He has a 30 year mortgage on the property and it is his only & primary residence. He’s had the mortgage for five years. Is there a way for him to recoupe some of those taxes because he didn’t have those exemptions. Is his mortgage company responsible?
What about the back money that is owed to him because the county was over charging because he did not have those exemptions for 5 years
The taxes in our area when up drastically. My friend asked me to review his tax bill and I noticed he did not have a Homestead or Mortgage exemption. He has a 30 year mortgage on the property and it is his only & primary residence. He’s had the mortgage for five years. Is there a way for him to recoupe some of those taxes because he didn’t have those exemptions. Is his mortgage company responsible?
What about the back money that is owed to him because the county was over charging because he did not have those exemptions for 5 years
Dec
16
Can landlords deduct mortgage payments or just the mortgage interest?
Filed Under United States | 2 Comments
Doc Biz
I have a rental unit on my property that is included with my mortgage. Can I claim that percentage of the mortgage as a deduction (based on square footage) or just the mortgage interest? (FYI: Yes I do have a tax professional but she is unavailable for a few days and I would just like to know for planning purposes). Thanks!!!
I have a rental unit on my property that is included with my mortgage. Can I claim that percentage of the mortgage as a deduction (based on square footage) or just the mortgage interest? (FYI: Yes I do have a tax professional but she is unavailable for a few days and I would just like to know for planning purposes). Thanks!!!
Oct
26
TM W
So Far this year I have paid over fifteen thousand dollars in interest on my mortgage. Is there a certain percentage that is refunded when I do my taxes? Also, are closing costs refundable too?
So Far this year I have paid over fifteen thousand dollars in interest on my mortgage. Is there a certain percentage that is refunded when I do my taxes? Also, are closing costs refundable too?
Jun
3
krayz
I’m having trouble finding the law that states the answers for these. I’m only looking for the law that will answer my questions.
When I take my monthly draw from the bank from my reverse mortgage loan is that considered income? Also can I deduct the interest when it is added to the outstanding loan balance each month.
I’m having trouble finding the law that states the answers for these. I’m only looking for the law that will answer my questions.
When I take my monthly draw from the bank from my reverse mortgage loan is that considered income? Also can I deduct the interest when it is added to the outstanding loan balance each month.