Santa video

Make a Santa video!!!!
Have some fun and send it to your friends and family.

http://www.portablenorthpole.com/home?emst=J7hJPJNEUA_1314687_46797_7

Holiday fun!!!

Try this at your next gift exchange party! So much fun!!

*INTRUCTIONS: GET IN A CIRCLE, PASS GIFT PACKAGES RIGHT OR LEFT AS CUE WORDS ARE *

READ……

The Right Family Story
	The Right Family Christmas was almost here and Mother Right was finishing the Christmas baking. Father Right, Sue Right, and Billy Right returned from their last-minute Christmas errands. "There's not much left to be done," said Father Right as he came into the kitchen. "Did you leave the basket of food at the church?" asked Mother Right. "I left it right where you told me to," said Father Right. "I'm glad my shopping is done," said Billy right. "I don't have any money left." The hall telephone rang, and Susan Right left to answer it. She rushed right back and told the family, "Aunt Tillie Right left a package for us right on Grandma Right's front porch. I'll go over there right now and get it," she said as she left in a rush. Father Right left the kitchen and brought in the Christmas tree. By the time Susan Right returned, Mother Right, Father Right, and Billy Right had begun trimming the tree. The entire Right family sang carols as they finished decorating. Then they left all the presents arranged under the tree and went to bed, hoping they had selected the right gifts for their family. Now I hope you have the right present for yourself, because that's all that's left of our story...except to wish you a merry Christmas... Isn't that right?? From: http://www.scoutingweb.com/Scoutingweb/SubPages/ChristStryRL.htm

Great news on Short Sales.....

The good news just keeps continuing.

 

 

As we anticipated, C.A.R. today received a letter from the California Franchise Tax Board (FTB), obtained by the State Board of Equalization, clarifying that California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness “phantom income” they never received in a short sale. 

Last month, in a letter to California Sen. Barbara Boxer, the Internal Revenue Service (IRS) recognized that the debt written off in a short sale does not constitute recourse debt under California law, and thus does not create so-called “cancellation of debt” income to the underwater home seller for federal income tax purposes.  Following the IRS’s clarification, C.A.R. sought a similar ruling by the California FTB.  Now with the FTB’s clarification, underwater home sellers also are assured that they are not subject to state income tax liability, rescuing tens of thousands of distressed home sellers from California tax liability for debt written off by lenders in short sales.

We are pleased with the recent clarifications issued by the IRS and the California Franchise Tax Board, which protect distressed homeowners from debt relief income tax associated with a short sale in California.  We would like to thank Sen. Boxer and BOE member George Runner for their leadership in obtaining this guidance from the IRS and FTB.  Distressed California homeowners can now avoid foreclosure or bankruptcy and can opt for a short sale instead, without incurring federal and state tax liability, even after the Mortgage Forgiveness Debt Relief Act of 2007 expires at the end of this year.

Sincerely,

Kevin Brown
2014 President
CALIFORNIA ASSOCIATION OF REALTORS®