Plano, TX Real Estate News

By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
For the personal returns of taxpayers, the IRS gives taxpayers until April 15th to file their tax return. However, if a taxpayer cannot file by April 15th, by submitting IRS Form 4868, they are granted an extension to file their return until October 15th. Before we go further, I wanted to point out that that an extension with Form 4868, is an extension to file your return, not to pay your taxes. Taxpayers who validly request an extension and file by the extension due date, will not incur a late filing penalty, but may still incur a late payment penalty. Why don’t people file their tax returns timely?There are a number of reasons that taxpayers don’t file their tax returns timely, but the two reasons below are what I see most often in tax practice: The Taxpayer doesn't file their tax ret...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
8 Reasons to Work with a Tax Resolution Professional To Resolve Your Back Taxes When you owe money to the IRS, it is hard to think about anything else. While being in debt is never fun, no matter who the creditor is, the IRS enjoys almost unlimited power to collect the money they are due. Unlike your mortgage lender or credit card company, the Internal Revenue Service has the power to attach your wages, raid your bank account and even take your freedom. No other creditor even comes close in terms of its power and influence, and taking on the agency on your own could be asking for trouble. If you have received a notice from the IRS, you need to act fast, and you need the right assistance in your corner. Taking on the IRS requires specific expertise, and that is why it is so important to ...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
Sometimes, I have taxpayers come into my Richardson, TX tax office, who have been assessed income taxes by the IRS, but where they believe they don’t owe the tax. Your first thought might be, “Does this really happen”, but surprisingly, it does happen. As more and more tax returns are automated through the IRS correspondence process and the IRS is working with less human staff, I’ve seen more of it.    How does it happen? When the IRS sends notices, some taxpayers simply ignore the notices, some don’t respond properly, and some respond properly but the IRS simply makes an error when reviewing the documentation. If the taxpayer doesn’t provide the IRS with the necessary documentation, or doesn’t follow through with the Collections group, or take advantage of their opportunity to Appeal t...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
Are you a broker? Do you sponsor agents?Are you aware that realtor.com has rolled out "Agency Profiles" in addition to Agent Profiles? Are you aware that if you haven't set this up, your individual agent profiles may not be displaying correctly, and this could be a compliance liability for online advertising rules in your state?In a recent, informal poll across facebook groups with broker audiences, we found that the large majority of brokers are either entirely unaware of this tool, or need guidance in understanding how to set it up.Unfortunately, there isn't a way to claim your Office Profile on your own, and the regular support team isn't equipped to assist with this either.Here's What You Need To Know What you need to request is access to is called the Broker Dashboard. The brand na...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
One of our most popular videos on our YouTube channel for Bob Jablonsky and Associates is what you should do if you receive the CP2000 notice, which is a common notice sent by the IRS when they identify differences between what is reported on a tax return vs. 3rd party information that is in their database.  Listen to our video on the CP2000 notice to learn more about why you are receiving the notice and how to effectively respond to the notice. Do you Need Help?If you need help with an IRS ntoice or any issue related to IRS tax debt, we can help you. Please give me a call at (972) 821-1991 or at bob@jablonskyandassocates.com.  To learn more about us, visit our website at https://jablonskyandassociates.com/.   
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
If your business owes payroll taxes to the government, you should be concerned. Payroll Taxes continue to become a bigger focus for both the IRS and State Governments, as governments struggle to fund budgets.  Payroll taxes remitted by employers make up approximately 70% of Federal tax inflows. Because of this, the IRS as weel as state governments, aggressively pursue businesses for the payroll taxes, and related penalties owed. In addition to taxes owed by the business, the Trust Fund Recovery Penalty (TRFP) portion, which are the employee portion of payroll taxes held in trust by the employer, can become the personal liability of those considered to be “Responsible Parties” of the business, and in some cases, “Responsible Parties” can be pursued criminally. Solutions to Payroll Tax De...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
There are many benefits to a VA home loan. It’s important to know how these loans can help you. First, thank you for your service to our country. According to the Mortgage reports, VA loans stand apart for its combination of low rates, lenient underwriting, and secondary benefits. These are 10 VA loan benefits in Plano Texas in 2019. These are:        No down payment on a VA loan        No mortgage insurance        VA loans have a government guarantee        Your ability to shop and compare VA loans        VA loans don’t allow a prepayment penalty        They come in many varieties        It’s easier to qualify for a VA loan        VA loan closing costs are lower        The VA loan offers funding fee flexibility    VA loans are assumable Backed by the U.S. Department of Veterans Affairs...
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By Bob Jablonsky, We are the Tax Specialists for Realtors
(Bob Jablonsky & Associates)
One of the recent enhancements for Quickbooks Online (QBO) is Receipt Capture. Receipt Capture is new functionality directly within QBO, without the need to purchase 3rd party software, to efficiently capture and store digital receipts to each transaction. How Does it Work?The user can use their camera phone to easily snap the photo or it can be scanned to your computer if in the office. There are three ways to upload the images to QBO: Scanning directly through the Mobile App Uploading, then dragging and dropping Forwarding by email.  You can find Receipt Capture in the Banking Section of QBO. The image will appear in the Receipts Section and can be matched to the appropriate transaction. then be attached to the transaction. Whether researching for an audit, tax purposes, or simply to ...
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By Susie Kay, North Dallas Specialist
(Ultra Real Estate Dallas Fort Worth)
 The city of Plano is a part of the Dallas-Fort Worth metropolitan area. It is mostly in Collin County, but includes a small portion that extends into Denton County. As of 2017 the city's population was estimated at 286,143, making it the ninth most populous city in the state of Texas. According to US Census in 2017, Plano demographics are as follows:   Race Population  White 188,719 Asian 54,597 Black or African American 23,353 Two or More Races 8,239 Some Other Race 5,021 American Indian and Alaska Native 1,422 Native Hawaiian and Other Pacific Islander 215     Plano Income by Household: Name Median    Mean Households $88,578    $116,992 Families $105,461    $133,455 Married Families   $119,404    $148,682 Non Families $52,813    $72,893   Plano Renter vs Owner Occupied by Household T...
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By Susie Kay, North Dallas Specialist
(Ultra Real Estate Dallas Fort Worth)
  Address SqFt Total Bedrooms Full Baths Half Baths Pool Current Price 3112 Charter Oak Drive 1,459 3 2   No $252,000 1033 Gannon Drive 2,024 3 2   No $255,000 3800 Timberline Drive 1,754 3 2   No $258,500 1809 Valencia Drive 2,367 3 2 1 No $260,000 4008 Rainier Road 1,489 3 2   No $265,000 949 Arbor Downs Drive 1,744 3 2   Yes $267,500 2008 Briarcreek Lane 2,099 4 2   No $268,000 5006 Latham Drive 1,828 3 2   No $269,000 2716 Countess Drive 2,208 4 2   No $269,900 1113 Lombardy Drive 2,113 4 2   No $269,900 2012 Briarwood Drive 2,004 3 2   No $269,900 2208 Winterstone Drive 1,795 3 2   No $273,000 1712 Spanish Trail 1,694 3 2   No $273,900 4004 Hatherly Drive 2,126 3 2 1 Yes $275,000 3932 Bandera Drive 2,216 3 2 1 No $276,500 716 Middle Cove Drive 1,636 4 2   Yes $279,000 2304 Dyers Oa...
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By Susie Kay, North Dallas Specialist
(Ultra Real Estate Dallas Fort Worth)
  Address SqFt Total Beds Total Full Baths Half Baths Pool Current Price 2408 Briarwood Drive 2,108 4 2   No $252,900 1033 Gannon Drive 2,024 3 2   No $255,000 4001 Garrison Place 2,214 4 2 1 No $259,900 7920 Pinkerton Court 1,767 3 2   No $264,900 1712 Cumberland Trail 1,460 3 2   No $264,900 2008 Briarcreek Lane 2,099 4 2   No $268,000 5006 Latham Drive 1,828 3 2   No $274,900 1324 Glyndon Drive 1,741 3 2   No $279,500 3932 Bandera Drive 2,216 3 2 1 No $279,900 2012 Briarwood Drive 2,004 3 2   No $279,900 1512 Geneva Lane 1,994 3 2   No $280,000 1705 Copper Creek Drive 2,063 3 2   No $282,000 2121 Los Rios Boulevard 2,054 3 2   Yes $282,000 3108 Lemmontree Lane 2,313 4 2 1 No $285,000 3928 Bosque Drive 2,074 4 3   No $285,000 2304 Dyers Oak Drive 1,871 3 2 1 No $285,000 4016 Los Roble...
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By Susie Kay, North Dallas Specialist
(Ultra Real Estate Dallas Fort Worth)
  The city of Plano is a part of the Dallas-Fort Worth metropolitan area. It is mostly in Collin County, but includes a small portion that extends into Denton County. As of 2017 the city's population was estimated at 286,143, making it the ninth most populous city in the state of Texas.  According to US Census in 2017, Plano demographics are as follows:   Race Population  White 188,719 Asian 54,597 Black or African American 23,353 Two or More Races 8,239 Some Other Race 5,021 American Indian and Alaska Native 1,422 Native Hawaiian and Other Pacific Islander 215     Plano Income by Household: Name Median Mean Households $88,578 $116,992 Families $105,461 $133,455 Married Families $119,404 $148,682 Non Families $52,813 $72,893   Plano Renter vs Owner Occupied by Household Type Type Owner ...
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By Susie Kay, North Dallas Specialist
(Ultra Real Estate Dallas Fort Worth)
  Plano was named the 3rd 'Best Place to Live in America by Money Magazine.It offers an affluent and yet affordable living. It has low taxes, housing prices and unemployment compared to most metros in the U.S. The city offers many amenities which enhance the lives of residents and visitors by offering outstanding parks, trails and facilities, a variety of enriching programs, special events and activities that contribute to the health, well-being and quality of life within the city. The Plano Independent School District is nationally regarded and provides an education comparable in quality to many top private schools.  Schools Three school districts serve residents in Plano: Frisco Independent School District5515 Ohio DriveFrisco, TX 75034Ph: 469-633-6000 Lewisville Independent School Di...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t...
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By Michelle Musick Jones, The Michelle Musick Jones Team - Texas Real Estate
(Coldwell Banker Apex, Realtors)
Open House this Saturday, Feb. 16th & Sunday, Feb 17th (2-4pm both days), 1 Story Highland Home in West Plano   Wonderfully maintained one story Highland home in West Plano Overview Maps Photos Open House Market Stats $379,900 Single Family Home Main Features 4 Bedrooms3 Full Bathrooms1 UnitInterior: 2,420 sqftLot: 0.17 acre(s)Year Built: 1996MLS #: 14019296 Location 8413 WarehamPlano, TX 75024USA Michelle Musick Jones Team Coldwell Banker, Apex(214) 280-9384michellesellsdallas@gmail.comhttp://www.michellesellsdallas.com         Listed by: Coldwell Banker Apex Our recent listings Wonderfully maintained one story Highland home in West Plano | $379,900 | Plano, TXBeautifully updated townhome in west Allen located on corner lot across from greenbelt | $279,900 | Allen, TXImmaculate, Bette...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
One man's trash is another man's treasure. Are you guilty of discounting the pearls on your doorstep? The creative inspiration and connection to business resources you need to get to the next level may be closer than you think. Here are three underestimated sources of input that a simple shift in mindset can reveal. Junk Mail -- From postcards to ValPak, junk mail can teach you about: businesses in your local community -- These become referral resources and talking points for local market expertise. Blog about that new restaurant that just opened. Visit the Mom & Pop hardware store and promote them on social media. Find missing trades to name on your referral list for specialty services. This information and social sizzle is mutually beneficial. marketing services other small businesses...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
As a general rule, real estate as an industry is low-tech. And while our landscape is changing (particularly with the emergence of artificial intelligence), there are basic IT skills a majority of agents have yet to embrace as part of their daily practice. While most features in this category address specific apps or services, the tips that follow below focus on generalized best practices and mindset. Here, we will take a page out of the programmer's guide to the galaxy, and share "life skills" that can help you succeed in real estate, and save your sanity along the way.  Leave yourself a trail of breadcrumbs. -- No matter what industry you are in, one of the best habits you can develop to help yourself is to document process and procedure. Depending on memory is a recipe for disaster. ...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
Special lending programs are available to buyers who seek affordable housing solutions. From Down Payment Assistance programs (grants) to No/Low Down Payment programs offered by both mortgage companies and banks, getting connected with the right lender can open new doors for Buyers who seek to achieve the American Dream of homeownership.But the lending piece is only part of the puzzle. Loan approval is a 2 part process. The buyer must qualify AND the property must qualify. Property eligibility is often linked to geography, where designated areas (low-to-moderate income census tracts) are incentivized, dating back to the 1977 Community Reinvestment Act (CRA) initiative.In rural counties, identifying geographic boundaries of eligibility is an easier task than in metropolitan areas,  where...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
As part of our minimalist Christmas this year, we ditched the gift wrap and opted to follow the gift sack tradition. What are Santa Gift Sacks? They are large, reusable fabric drawstring gift sacks, and can be made out of a pillowcase, laundry bag, or sized to suit custom dimensions from a fabric of choice.  This Australian Christmas tradition (also used in other parts of the world) was created to solve for households that didn’t have a Christmas tree. Children would leave their pillowcases at the end of their bed so Santa would know where to leave the gifts on Christmas Eve. The biggest benefit behind the idea is that there’s no wrapping of gifts. Everything for the recipient goes right into the bag.Screen printed Santa Sacks are sold commercially, and consumers can find these both onl...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
 Looking for something fun to do? Craving a new holiday experience?Our amazing team has pulled together their list of favorite Seasonal activities in various areas around the Dallas / Fort Worth Metroplex. Check it out, and if you attend one of the suggested venues featured in our list, please come back and comment to share how it went!  Angel Tree Donation Area Location Salvation Army Address Dallas 8787 N Stemmons Fwy, Dallas, TX 75247 Dallas 5554 Harry Hines Blvd, Dallas, TX 75235 Farmers Branch 12895 Josey Ln, Farmers Branch, TX 75234 Garland 435 S 5th St, Garland, TX 75040 Denton 2801 N Elm St, Denton, TX 76201 Arlington 1301 E Abram St, Arlington, TX 76010 Sherman 426 W Houston St, Sherman, TX 75090   Date and Time: Venue: Date: November 6th 2018- January 14th 2019 Time: Check web...
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