Seniors Benefit From Special Property Tax Rules

Prop. 60 was a constitutional amendment approved by the voters of California in 1986. It is codified in Section 69.5 of the Revenue & Taxation Code, and allows the transfer of an existing Proposition 13 base year value from a former residence to a replacement residence, if certain conditions are met. This benefit is open to homeowners who are at least 55-years old and are able to meet all qualifying conditions.

For full details: Homeowner’s 55 or Older Find a Property Tax Bonanza

Does HUD Owe You a Refund?

US-Dept-of-HUDIf you had an FHA-insured mortgage, you may be eligible for a refund from HUD/FHA.

Due to increased public interest, the Mortgage Insurance Premium Refund Support Service Center is experiencing a high volume of calls.

http://www.hud.gov/offices/hsg/comp/refunds/index.cfm

FHA Homeowners Fact Sheet

Who may be eligible for an FHA refund or share?

http://www.hud.gov/offices/hsg/comp/refunds/fhafact.cfm

Consumer Warning: IRS Scams

This just received from my CPA today and is very timely for your clients and family. Feel free to pass along.

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