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Ken Koenen's Blog (2)

Tax Tip for 2015-2016

If you are self employed and use your automobile frequently in your profession, this is the time to take a simple step toward audit proofing your tax return.

If you undergo an audit and have taken a deduction for the use of your car, whether the per mile basis or the actual expense basis, you will be required to prove your starting and ending mileage for the year.

A simple way to do this is to go out and get your oil changed during the lase few days of 2015 or the first few…

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Added by Ken Koenen on December 31, 2015 at 11:13am — No Comments

New California Anti-Deficiency Law in Short Sales

Last week, on July 11, 2011, California governor Jerry Brown signed into law a new law to combat deficiency judgments by holders of non-purchase money junior mortgages (second or third mortgages) when the lender has accepted funds during a short sale transaction. This law protects homeowners who refinanced a loan after the original purchase loans. This was Senate Bill 458, and amends the language to the California Code of Civil Procedure §580e.

Previously, a junior mortgage holder of… Continue

Added by Ken Koenen on July 18, 2011 at 1:51pm — No Comments

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