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Archive for the 'United States' Category

Why doesent claiming mortgage interest add to my return?

July 29 20103 Commented

Categorized Under: United States

Andrew K asked:
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 [...]

How long does it take to receive inheritance from the sale of a property in France. ?

July 22 20102 Commented

Categorized Under: United States

tris d asked:
My notaries said the sale was made and that I should receive the money soon. Will I have to wait another year?
Property Sale

What precentage of mortgage interest is refunded in taxes

June 27 20107 Commented

Categorized Under: United States

TM W asked:
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?
Sell My Property

I refinanced my mortgage in April from an ARM to a 20/80 fixed, what interest can I declare?

June 10 2010one Commented

Categorized Under: United States

Yamster Berry’s Buddy asked:
Can I declare the interest I paid on the mortgage before I refinanced, as well as the interest on my first mortgage and my second mortgage?
French Property For Sale

My Mortgage Insurance was financed with the home and does not appear on 1098, can I still deduct it?

March 27 20104 Commented

Categorized Under: United States

eva asked:
My Mortgage Insurance was financed with the home and does not appear on 1098, can I still deduct it? and if I can how?
The amount is over 2K and it is listed on my Settelment Statement. Mortgage is though Bank of America. I was planning to call IRS and my bank but they [...]

Why is my mortgage company not paying my tax bill when I have escrow?

January 2 20103 Commented

Categorized Under: United States

SJS asked:
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 [...]

Can a mortgage company file a 1099 when you are in default without a summary jugement?

November 23 2009No Commented

Categorized Under: United States

mexlin asked:
We are residents of Texas and the property in foreclosure is in Delaware. Second mortgage holder is threatening to file a 1099.
Best Price Philips

If you have a mortgage, who is responsible for filing a Homestead and mortgage exemption?

April 10 2009one Commented

Categorized Under: United States

Alberto M asked:
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 [...]