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  • 2018 President, Kevin McDonald

    I am extremely honored to serve as the next President of the Placer County Association of REALTORS. I am incredibly thankful to have the guidance of the amazing past PCAR Presidents, leadership, staff and all those who have helped to Read More
  • Honorary Member - Gloria Doze

    Gloria Doze was honored with the 2017 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 Read More
  • REALTOR of the Year - Kim Tucker

    Kim Tucker was honored with the 2017 REALTOR of the Year award at this year's 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
  • Affiliate of the Year - Dan Morasci

    Dan Morasci was honored with the 2017 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 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
  • PCAR MEMBERS MAKING A DIFFERENCE

    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
  • PCAR Angel Tree Complete!

    PCAR members show their true colors once again! Because of your incredible generosity, 40 children in Placer County will be able to open some incredible presents on Christmas morning! Thank you for all of your continued support and desire to Read More
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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.

Tip for the Week of April 12th, 2010- The Search Man-File Search

11 Apr 2010
The SearchMan – Advanced Windows File Search Utility
the searchman Need to find a particular file on your computer? Well, if you have thousands of files, this can become a tedious task, especially if you are using Windows XP, which has horrible built-in support for search. The SearchMan is a free portable app that lets you search the contents of your entire computer super fast. It has a lot of advanced search features and is super light-weight. The SearchMan
Gary Kramer gkramer@gkramerconsulting.com (916) 203-8892 Visit My Website Properties Online, LLC 1820 Empire Industrial Ct., Suite C Santa Rosa, California 95403
 

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