Tracy Hughes's (thughes7) Blog

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Real Estate Broker/Owner - Hughes Realty
RECENT BLOG POSTS
  A. The NMLS has four application forms: MU1, MU2, MU3, and MU4. Mortgage originators use the Form MU4, which is the Uniform Individual Mortgage License/Registration and Consent form. It is submitted to the jurisdiction where the applicant is filing. A mortgage originator must be affiliated wit...
03/29/2010
Direct from the California Department of Real Estates mouth!  For those who hold a Real Estate License and originate loans: if you do not submit your application for a license from now until August 31, 2010 you WILL NOT be able to use your continued education as part of the 20 hour SAFE Act requi...
03/25/2010
Well the SAFE Act does require that all Mortgage Originators take 20 hours of LIVE instruction.  Thanks to technology they do consider webinars LIVE instruction.  I just started teaching the class and can answer your questions if you have them.  You can also check out your state and national requ...
03/10/2010
Now that tax season is winding down we will start working more on helping to get our Mortgage Loan Officers their 20 hours, national mandated SAFE Act schooling.  The SAFE Act requires that all State-licensed mortgage loan originators take and pass the national test component and state component ...
03/09/2010
What to deduct, when, how?  Not everything that you think is deductible is, and here is a list of the more commonly used non-deductible things that people file: 1.  Charitable Contributions: You can only claim cas contributions up to 50% of your adjusted gross income. 2.  Spouse or Child espenses...
02/16/2010
No one wants to be audited by the IRS, and while some audits are at random, there are also red flags that tip off the IRS to investigate you further.  Here are some helpful hints to avoid an audit: Don't overestimate your donated dollars!  When claiming donated materials (clothes, cars, etc.) put...
02/11/2010
Tax season rolls around and most people have their w-2s and forms ready by the beginning of February, while some choose to wait it out until April 14th to file.  So what are the benefits of filing earlier versus waiting longer to send out your return. Early: Faster Refunds!  This one should count...
02/09/2010
Single?  Married filing jointly?  Married filing separately?  Head of Household?  Not sure what your status is?  These tips will help you in how you file... 1.  Your marital status on the LAST day of the year (December 31) determines your marital status for the entire year. 2.  If you are eligibl...
02/02/2010
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When will I get my W-2? Employers are required to mail out all tax document by January 31st.  If you do not receive your documents from your employer you can contact the IRS to report it. www.irs.gov
01/28/2010
Did you know that food contributions to an IRS-recognized charity are tax-deductible?  And while volunteering your time is not tax-deductible, for an IRS-recognized charity, your mileage is!  Did you go to a fund-raising or charity event this year?  If it was A $300 event that cost you $100 to at...
01/28/2010
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Tracy Hughes

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