Mortgage
John Bullis Column: Office in Home Deduction
Submitted by editor on Tue, 09/26/2017 - 12:54pmWith our economy like it is and with many folks operating a small business from their home, the income tax deduction for “Office in Home” can save some income tax.
I Love Carson City’s Weekend Event Summary: Sept. 9 – 10
Submitted by Danielle Cook on Fri, 09/08/2017 - 7:26pmI’m going to suggest that you keep this weekend’s plans flexible. There’s only a chance of rain, but the chance of it showing up at the wrong time is always high. The very early morning is best spent watching the hot air balloons against the Reno skyline, but you’ll probably want a sweater for the pre-dawn chill. Head up the hill to Virginia City this weekend. If you’ve never been to the annual International Camel Races, you’ve been missing out. Keep reading, there’s something for everyone on this list. Find your fun.
SATURDAY:
Warrick Dunn: An Athlete We Can All Look Up To
Submitted by Carson Now Reader on Wed, 07/12/2017 - 8:55amMany of our readers have probably not heard of Warrick Dunn, former running back for Florida State University and the National Football League’s Tampa Bay Buccaneers and Atlanta Falcons.
Dunn had a great college career, winning a national championship with the Seminoles in 1993. He followed his college success with a very good twelve-year career in the NFL. He made the Pro Bowl three times, although his successes were overshadowed by the likes of Shaun Alexander, Adrian Peterson, and Corey Dillon.
John Bullis: Refinancing A Home Mortgage
Submitted by editor on Tue, 06/27/2017 - 8:40amMany folks believe home mortgage interest rates will increase in the near future. If you have an adjustable-rate mortgage or a high fixed rate mortgage you got some years ago, maybe you should look into refinancing now.
Sandoval Signs More Bills into Law Including Some Supplemental Appropriation Measures
Submitted by editor on Tue, 05/30/2017 - 10:45pmNevada Gov. Brian Sandoval signed several bills into law Tuesday and vetoed four. Additionally on Monday, he approved four veteran and military related measures at a Memorial Day ceremony in Boulder City.
Greater Nevada Mortgage promotes Eva Simmons
Submitted by admin on Wed, 05/10/2017 - 6:07pmSimmons also served as a past Board member of The Young Business Professionals in Carson City, and the Carson City Chamber of Commerce ...
Greater Nevada Mortgage promotes Eva Simmons to Carson City Mortgage Funding Manager
Submitted by Carson Now Reader on Wed, 05/10/2017 - 10:29amGreater Nevada Mortgage has promoted Eva Simmons from Loss Mitigation Supervisor to Mortgage Funding Manager. She will be located in Carson City.
Lyon and Storey Regional Coalition Meets Thursday
Submitted by Carson Now Reader on Tue, 05/09/2017 - 8:53pmSilver Springs, Nevada - The monthly public meeting of the Healthy Communities Coalition of Lyon and Storey Counties takes place at the Silver Springs Community Center at 9am on Thursday May 11th, 2017.
Guest speakers during the breakfast meeting include Diane Arvizo, Director of Homebuyer Services with Nevada Rural Housing Authority, and Heather Simola, Real Property Administrator with Nevada Rural Housing Authority.
More Nevadans now eligible for down payment assistance
Submitted by editor on Fri, 04/21/2017 - 10:00amThe State of Nevada Housing Division has raised the household income limit for its Home Is Possible programs, making even more Nevadans eligible for down payment assistance. Since the programs started in 2014, the income limit has been $95,500. In keeping with Nevada’s rising incomes, the limit has been raised three percent to $98,500.
John Bullis column: Home Mortgage Interest Tax Information
Submitted by editor on Tue, 04/04/2017 - 10:13amWhat is paid for interest on qualified home mortgages can be an itemized deduction on Schedule A of form 1040. The 2016 form 1098 reports the amount of interest paid and some new additional information.
Centrally located new home development breaking ground in Carson City
Submitted by Brett Fisher on Sat, 03/18/2017 - 9:12amLongtime Carson City residents Sam Landis, Rob McFadden, and Mark Turner announced they will break ground on Mills Landing, a town house community designed to bring affordable housing to Carson City, in a ground-breaking ceremony Wednesday, March 22 at 9 a.m. at 1428 State Street in Carson City.
NRHA expands services, space in Carson City with ribbon cutting
Submitted by Brett Fisher on Wed, 02/08/2017 - 9:33pmThe Nevada Rural Housing Authority (NRHA) officially introduced a new suite addition to its office space — located at 3695 Desatoya Drive in East Carson City — Wednesday with a ribbon cutting ceremony and open house event for the public.
Senator Square: Carson High to compete Wednesday against rival Douglas in faculty basketball game
Submitted by editor on Sat, 11/05/2016 - 9:54pmThis event may not be as exciting as Major League Baseball’s Chicago Cubs triumph over the Cleveland Indians, ending a 108 year title drought, but anyone who ever attended Carson High School or Douglas High School knows that its rivalry has lasted equally as long.
Nevada Division of Insurance offers tips for homeowners affected by the Little Valley Fire
Submitted by editor on Thu, 10/20/2016 - 4:18pmIn the aftermath of the Little Valley Fire that destroyed 23 homes and 17 outbuildings, Insurance Commissioner Barbara Richardson urges affected homeowners to be vigilant of fraudsters trying to take advantage during this devastating time. Any consumers affected are encouraged to contact the Division of Insurance if they have questions about insurance or need assistance with their insurance claims.
Home Buyer's Workshop In Dayton
Submitted by Carson Now Reader on Fri, 10/14/2016 - 3:18pmJoin our team of industry leaders to see how easy it is to own a home in Northern Nevada!
Come join us and we will show you some of the loans that are available for the rural Nevada counties.
Learn about the Home At LastTM program sponsored by the Nevada Rural Housing Authority - you could up to a 5% grant that does not need to be paid back + the mortgage tax credit programs.
Academy Mortgage will discuss the advantages of the various loan programs, the loan process, and the documentation you will need to process your loan.
Home Buyers' Workshop
Submitted by Carson Now Reader on Mon, 10/10/2016 - 5:03pmAre you thinking about buying a home soon?
Come to Lahonta Properties in Dayton on Thursday, November 3, 2016,at 6 pm to learn more about how to purchase a home in our area.
Lite refreshments will be provided.
• Learn how your credit score affects your interest rate AND
• How to get a free credit report.
• Do's and Don'ts during the buying process
• How you can get grant (Non-repayment required) money to assist with closing costs or downpayment assistance.
• Mortgage Tax Credit (MTC)
• Credit Repair programs
• The loan process and what documents you need to provide
USDA Housing Program Holds Open House Friday
Submitted by editor on Tue, 09/20/2016 - 1:48pmPlease join USDA Rural Development Nevada State Director Sarah Adler in welcoming our new Guaranteed Home Loan Program staff members Ticia Weare and Debbie Parra at an Open House on Friday, September 23, at the Carson City State Office, 1390 S. Curry Street from 9:00 to 11:00 a.m.
President Obama to speak today at 20th Lake Tahoe Summit
Submitted by Jeff Munson on Wed, 08/31/2016 - 9:23amIt isn't every day that a community is able to welcome the President of the United States but today is that day for south shore Lake Tahoe as it prepares for a visit by President Barack Obama.
The president is the keynote speaker at the 20th annual Lake Tahoe Summit at Harveys Outdoor Arena at Stateline. Nevada Sen. Harry Reid is hosting the event, which will be live streamed here.
Tea Parties Were a Reaction to Bipartisan Cronyism
Submitted by Carson Now Reader on Wed, 08/10/2016 - 9:32amIn our last column, we explained that the financial collapse of 2007-08 was due much to collusion between private banks and government. Congressional mandates required lenders to issue mortgages to people who couldn’t afford them. Then, government agencies would purchase the faulty loans from the banks, thus relieving the banks of the risks.
Bailouts, Arrogance and Corruption in ‘The Big Short’
Submitted by Carson Now Reader on Wed, 08/03/2016 - 1:26pmSometimes Hollywood hits a homerun.
For example, The Big Short, the movie account of the US financial collapse of 2007-09. Its all-star cast is notable. But we were skeptical from the sound bites used in previews and other promotional blather that this would be another anti-capitalist propaganda flick. We were wrong.
John Bullis column: Possible new tax law for individuals
Submitted by editor on Tue, 07/12/2016 - 12:40pmThe House of Representatives recently passed and sent to the Senate a proposal to change the income tax laws for individuals. Changes for businesses is a topic for a different article.
It would change to three tax brackets of Zero-12 percent; 25 percent and 33 percent instead of the current seven brackets and some special rules.
PK or Not PK - That Is The Question!
Submitted by Carson Now Reader on Sat, 06/11/2016 - 11:44amPK or NOT PK - THAT is the question!
Who does PK fear? Who's the target for the hit pieces? Kramer! But no hit pieces on the other two guys. Why not? Sandoval's PAC can afford research - research showing PK behind Kramer - and the others back in the distance. Hence, hit pieces on Kramer. Yep - he paid off his home - taxes weren't paid by mortgage company - Al missed the notices and got small fines. Big Deal! And that's all the dirt Sandoval and the Elites could dig up on him??Must be a pretty good guy!
Carson High business club looking for donations for national competition
Submitted by editor on Wed, 05/18/2016 - 1:18amRicky Garcia, 18, is preparing for the entrepreneurship competition at the National Future Business Leaders of America Convention in Atlanta from June 26 to July 3.
“They give you a situation and you have to come up with a solution,” he explained. “That’s something you have to know how to do in life, whether it’s in business or just personal stuff.”
Nevada Rural Housing Authority wins two national excellence awards
Submitted by editor on Thu, 04/21/2016 - 11:18amThe Nevada Rural Housing Authority was recognized last Thursday by the National Association of Local Housing Finance Agencies during its 2016 Annual Conference in Dallas, Texas.
NRHA received excellence awards in two categories: the Single-Family Excellence category in recognition of the Home at Last Program, and the Multifamily Excellence category in recognition of the Winnemucca Senior Campus project.
Pre-K and Kindergarten Registration in the Carson City School District
Submitted by Carson Now Reader on Mon, 03/14/2016 - 12:25pmAll children who turned 5 years old by Sept. 30, 2016 can register for Kindergarten for the 2016-2017 school year with Carson City School District. Contact your neighborhood school:
Morrison Returns to Greater Nevada Mortgage
Submitted by Carson Now Reader on Mon, 02/22/2016 - 1:19pmJennifer Morrison has rejoined the Greater Nevada Mortgage (GNM) team to work with homebuyers and real estate professionals in Carson City, and the Washoe and Douglas County areas. Her office is located inside of the Greater Nevada Mortgage office at 4070 Silver Sage Drive in Carson City.
Column: Documenting Charitable Gifts of Property
Submitted by editor on Tue, 01/19/2016 - 11:27amIRS Code Sec. 170(f)(8)(A) says no charitable contribution deduction for any contribution of $250 or more is allowed unless the taxpayer substantiates the contribution with a contemporaneous written acknowledgment (CWA) of the contribution by the donee organization (the charity).
Tuesday, Dec. 15: Things to do in Carson City
Submitted by Danielle Cook on Tue, 12/15/2015 - 4:36pmIt’s a perfect afternoon for a trip around the rink at the Arlington Square Ice Rink. School will be off for winter break next week, and the rink will have expanded hours for the occasion. Warm up inside with country dancing at Carson Lanes. Test your knowledge at Trivia night at Living the Good Life. For cool jazz and yummy food, Sassafras is the place to be tonight.
TUESDAY:
- ’Divergence’ by artist Katie Lewis at the CCAI Gallery in the Courthouse: 885 E. Musser (8am-5pm)
Column: Making large non-cash charitable contributions
Submitted by editor on Tue, 12/01/2015 - 10:36amThe Individual Income Tax Return, form 1040 allows for a deduction on Schedule A for charitable contributions. Schedule A lists the itemized deductions such as home mortgage interest, real estate taxes, government services tax on vehicle licenses, large medical expenses, employee business expenses, etc.
First-Time Home Buyer Programs Help Make Dreams Come True
Submitted by Carson Now Reader on Wed, 11/04/2015 - 3:08amThe entrance of companies like Tesla and Switch into Nevada means great things for the local economy. What they also mean are raising housing prices, as more and more people move into the Silver State, creating a housing shortage. This is good news for existing homeowners, but concerning for first-time homebuyers.
According to the Reno Gazette-Journal, “In January 2012, the median price for a home in northern Nevada was around $135,000. More than two and a half years later, home values have jumped by about 85 percent.”