Member Access
  • 2017 President, Debbie Newton

    Licensed since 1999 and a REALTOR member of PCAR since 2000, Debbie has followed in her father and past PCAR President, Joe Newtons footsteps by plugging into the Association and becoming very well known in the real estate community. “I’m Read More
  • PCAR REALTORS "MAKING A DIFFERENCE IN PLACER COUNTY"

    Did you know that in the past 5 years PCAR REALTORS have donated a total of $212,750.00 to local charities? PCAR REALTORS not only work in Placer County, they give back by volunteering their time, resources and money. For more Read More
  • Honorary Member-Alicia Higgins-Lewis

    Alicia Higgins-Lewis was honored with the 2016 Honorary Member of the Year award at this years Board of Directors Installation. The Honorary Membership is an award given to a member of the Placer County Association of REALTORS who has been a member of Read More
  • Affiliate of the Year-Marc Fletcher

    Marc Fletcher was honored with the 2016 Affiliate of the Year award at this years Board of Directors Installation. The Affiliate of the Year award is the highest honor given to an Affiliate member of the Placer County Association of REALTORS. The Read More
  • REALTOR of the Year-Geoffrey Poulos

    Geoffrey Poulos was honored with the 2016 REALTOR of the Year award at this years Board of Directors Installation. The REALTOR of the Year award is the highest honor given to a REALTOR member of the Placer County Association of REALTORS. Read More
  • REALTOR Action Fund Video

    Why should you support the REALTOR Action Fund? How do your RAF contributions make a difference? Who advocates on your behalf? Watch this video to find out how your RAF contributions are used locally, statewide and nationally... Read More
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Placer County Assessors presentation to REALTORS

15 Apr 2010
If you missed the Foothills Forum this morning, you can still get all the valuable information from Kristen Spears, Placer County Assessors power point presentation.

California won’t tax forgiven mortgage debt

14 Apr 2010
Governor Schwarzenegger on Monday signed SB 401 (Wolk) into law providing distressed homeowners with state tax exemption on debt forgiven in a short sale, foreclosure, or loan modification.  Effective immediately, this bill generally aligns California’s tax treatment of mortgage debt relief income with federal law.  For debt forgiven on a loan secured by a qualified principal residence, borrowers now will be exempt both from federal and state income tax consequences.  The tax exemptions apply, with certain restrictions, to debts discharged from 2009 through 2012.  Californians who have already filed their 2009 tax returns may claim the exemption by filing a Form 540X amendment.   Taxpayers who do not qualify for the above exemptions (e.g., second home or rental property) may nevertheless be exempt under other provisions.  Most notably, taxpayers who are bankrupt are exempt from debt relief income tax.  Also, taxpayers who are insolvent are exempt from debt relief income tax to the extent their current liabilities exceed current assets. More info.

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