Monthly Archives: May 2010

Some Clarity: The Health Care Bill’s Tax on Real Estate

Erica Crohn Minchella ~ Attorney at Law Posted on by

Because of the complexity and scope of the recent health care bill, there has been a wave of misunderstanding of how it’s actually going to work. Really, does anyone know how the government is going to pay for all of this? A colleague recently e-mailed me wondering if I knew anything about the provision in the bill that taxes home sales. It seems there is a rumor floating around that, as a way to pay for the plan, the bill includes a 3.8% tax on all real estate sales. If this is indeed true, it would be a major blow … Continue reading →

What Was The Impact of the Home Buyer’s Tax Credit?

Erica Crohn Minchella ~ Attorney at Law Posted on by

So this is it. Friday was the last day to have a signed contract to qualify to receive the home buyer’s tax credit the federal government had been issuing to boost home sales. It’s certainly clear that the credits have been working to boost national home sales. But is the market really turning around or are sales just temporarily inflated thanks to the incentives, which, for first time buyers are worth up to $8,000 and for other home buyers up to $6,500? There doesn’t seem to be a clear consensus to answer this question. According to a recent survey conducted … Continue reading →