EZ
ECONOMIC STIMULUS REBATE
REFUND PAYMENT INFO

With the new economic stimulus package, filing your 2007 income tax return has become more important than ever in order to receive the rebate refund that you are entitled to. see link obove for more details. With the new
stimulus package credits you can also avoid canceled debt income from the short sale and or foreclosure of your residence and possibly avoid capital gain from the sale of the same residenece. see details and gain calculator for short sales and foreclosed homes. 

Welcome to acetaxandrealty1.com, your source for your Perris Real Estate
Information and News, on Buying in Perris, and also information on
Selling Real estate in Perris.  Specializing in Perris homes,
Perris vacant land, Nuevo homes, Moreno Valley homes,
Riverside homes, and Short Sales, and Foreclosures. 

We also offer, INCOME TAX E-FILING  
We service mostly individuals and sole
proprietor business. Try our easy
SELF PREPARD E-FILE WEB PAGE
Electronic income tax filing has been growing rapidly and is expected to coninue to grow in demand due to the convenience, the accuracy, and the security the modern technology is offering. 

We also have a NOTARY PUBLIC available during normal hours as a convenience to you as you may have other legal documents notarized while waiting.

GET AN INSTANT HOME VALUE.   
IS MY SHORT SALE  TAXABLE? 

short sale gain estimator and short sale gain calculator, will help you estimate your taxable capital gain on the short sale of your Home. Electronic tax filing, income tax preparation, and Notary Public are some of the services we offer at Ace Tax and Realty. find out the status of your tax refund. 

Get a decline in value reassessment application in order to reduce your property taxes as per section (8) of the revenue and code 51 

Hi my name is Armando HUrtado, a licenced Real Estate Broker, a
Registered Income Tax Preparer,  and a  Notary Public.

Having aver 18 years of experience in the income tax service and real estate profession, I can help you with your most complicated tax questions such as, Do I qualify for an earned income credit in my tax return? What is a 593c form? what is a short sale, how does it affect my tax return? Do I have to buy another house in order to qualify for a tax exclusion? Do I qualify for Head of household? What is a child tax credit? what is taxable ordinary income from cancellation of debt? what is taxable gain from a short sale realized gain? All these are common questions that you can find answers to in our short sale articles, real estate news letter, tips on how to increase your refund, tips on how to decrease your taxes, instructions for 1040 forms, instructions for schedule A, instructions for schedule D, and other helpful pages to assist you with your income tax filing, house search, and value request of your home. 

In the Real Estate Category menu, you will find valuable articles regarding the Perris Real Estate market, proposed projects in the city of Perris, proposed warehouses in the city of Perris, proposed projects in Moreno Valley, How to
improve your chances of closing a short sale and understanding the consequences of the short sale, the San Jacinto to Corona corridor project,article to increase the chances of selling your home, Real estate market in Riverside County, Real Estate economy in Perris, Moreno Valley, and Riverside, tips on how to increase the value of your home, etc. As an income tax professional, Registered tax preparer, Real Estate Broker, Realtor, and Notary Public, I am able to help you with most of your official needs pertaining to tax preparation, income tax information, electronic filing, house hunting, home search, all your real estate needs, notarizing of legal documents such as grant deeds, deeds of trust. As a bilingual income tax preparer, bilingual Real Estate Broker I am able to translate important documents from English to Spanish and Spanish to English. 

We beleive in rapid service when we pay for a professional service. We don't belive in extra fees when we pay for a professional service. This is why we have developed a free elctronic filing process. That is right. you pay the regular income tax preparation fee, and the electronic filing part is free. It is your money. why should you pay extra.

Electronically filing will expedite your income tax refund faster than sending it in the regular mail. The average mail turn around is aproximately 6 weeks. Electronic filing wil get your refund in aproximately 10 days at no extra charge. Do you want your refund 10 days faster. Make your appintment 10 days sooner. That is fast. If we had a quicker
service, we would have to install a drive thru window.

Why is everybody electronically filing more and more every year. Because it's safer, and more convenient to the tax payer. Speed up your refund. File electronically.

To contact Armando Hurtado in Perris, call at (951)-443-1111 or send an email

Additional geographical service areas: Santa Ana, Anaheim, Tustin, Orange, Irvine, New Port Beach, Costa mesa, Garden Grove, Fullerton, La habra, Villa Park, Anaheim Hills, Lake Forest, El toro, Laguna Niguel, Laguna Beach, Fountain Valley, Corona, Riverside, Norco, Chino, Mira Loma, Pedley, Rubidoux, Colton, Moreno Valley, Perris, El Cerrito, Mead Valley, Wood Crest, Orange Crest, Canyon Crest, Jurupa, Gavilan hills, Romoaland, Homeland, Lakeview, Nuevo, San Jacinto, Menifee, Temecula, Sun city, Hemet, Murrieta, Wildomar, Los Angeles, Pomona, Montclair, San Gabriel, Covina, West Covina, La Habra, Downey, La Mirada, Whitier, Hollywood, Beverly, HIlls, Torance, Southgate, Universal City, Cuver City, City of industry,  and more. Additional professional titles: Real Estate Broker, Registered Tax Preparer, National Notary Association, memeber, C..A.R. memer, Notary Public, Realtor,
Income Tax Preparer, Real Estate, Tax specialist, Specializing in Capital gain taxes, and short sales gain or loss calculations. LOANS: We can help with your home refinancing, home purchse loans, and existing loans consolidation. You can lower your monthly payments from your existing adjustable rate to a lower fixed interest rate or to a lower variable rate.  The way the market is, I always recomend a fixed rate unless the borrower knows for sure that he is going to sell the property in the next year or two. Generally, adjustable rates are good for investors
but not so great for regular home buyesr that typically stay in their homes more than six years. I have been a real estate broker for more than 8 years and I am licensed to sell homes and do real estate loans. I work with well known banks in the state of California that can give you the best interest available and the best interest you qualify for.
By doing this I can insure that you are saving money in the closing costs as well  becaue we have very low overhead expenses that enables us to save money passing down this savings to the borrower. I am bilingual Spanish and English to better explain to you the loan terms int the language you feel more confortable with. 
Click here to calculate your payments

 houses for sale in perris  houses for sale in moreno valley  houses for sale in riverside   in nuevo

The real estate recession of 2008 and part of 2009 is almost inevitable. Excesive borrwoing, credit guidlines flexibility, securitizising of mortgage loans, and exuberant expeculations created the real estate recession we are in.
Buyers basiclly used the equtiy of their homes as credit cards. Lenders issued subprime loans during 2004, 2005, and 2006 like there was no tomorrow. Loans were made that for the most part were 100% fianancing to borrwoers that all they had to do is furnish an I.D. and a signature. Both lenders and borrwers had the mentality that the value of the homes were going to continue to go up at best or remain the same at worst.  Loans were packaged by lenders and traded in the stock market as a hot commodity.

The majortiy of expeculators were caught in the exitment presentations  from the media that kept feeding the public on how fast the real estate market was apreciating. Builders kept builing and buyers kept buying. When the market ran out of buyers and the lenders run out of investors, the market crashed. The bubblle bursted. No more easy loans, no more buyers. No more buyers, no more houses built. No more houses built, no more jobs. No more jobs, no more mortgage payments being made on time. No more mortgage payments being made on time, foreclosures increased. Foreclosures increased prices dropped. 

With the foreclosure activity at its highest peak since 1992, is almost imposible for the average homeowner to sell and walk away with money in its pocket. The mojority of the present sales are repossed homes by banks and short sales (stress sales or compromised sales)

Fortunately, the majority of the "loans gone wild" have been absobed by the lenders by foreclosing and reselling the propertyies at discounted prices. It will take another 16 months to clean up the loan mess that subprime lenders and unscrupulus loan brokers made to uneducatede and unqualified buyers. By that time, the average home wil have lost most of the equity made during the 2004,2005, and 2006 boom. The most hurt are going to be the buyers that purchased during these years and the borrowers that used their homes as piggy banks.

In 2008 one out every two homes sold will be a bank owned home or a short sale. This trend will be the major contributing factor to home value depreciation in 2008. The good side is that there are still few investors with money that are and will be grabbing these foreclosed homes like hot bread. This will terminate the bad loans and proceed with normal sales by the end of 2009 when prices will be neutralized by a decrease in inventory. The new presidency which by the way will be a democrat, wil not do much for the economy. Not because he is a deomcrat but because there is nothing the president can do for the real estate economy.  The temporaty rate cuts is a torniquete in the wond but the real correciton comes from the market correction itself fueld by the old supply and demand system.

Do not expect another real estate boom until 2014. At least in Southern California. First, the G.D.P has to increas to at least 7%, the building permits have to increas for at least 3% and the unemployment rate stay at less than 5% but this will not happen in the next 3 or 4 years. When it does happens eventually, the completion of major warehouses and public roads and freeways, including railroad improvemnets will compliment a healthier economy and consumers will regain their confidence in the economy.  More jobs and a higjer G.D.P will fuel more spending and generate higher income to more households that are in nead of adequate and affordable houseing.

 Bank repossed homes sold in 2008, will be sold at prices seen at the end of 2002 and begining of 2003 when the real estate marekt had just started to recover form the 2001 temporarty recession. luckly the 2001 recession was only 6 months and we were able to recupareate. The 2008 recession will be more extensive and take longer to come back to normal levels.  Why? because the existing inventory is larger thain it was in 1996 when the foreclose activity peaked in the 1990s. It will take longer to sell the record breaking volume of foreclosuers in 2008. .All the symptoms are there and they have to be cured independently. Jobs have to be created. G.D.P. and residentila builidng permits have to increase. The most important is, affordable and available credit. This issue will be partially cured eventually partly by the involvment of the Federal Reserve and the Government in general.

Realisticaly the Government is not going ot do much until we are the verge of a deprecion or a severe recession.  A deprecion is not evident yet. While this occurs, 1 out of every 10 homebuyer that purchased a home or used up all the equity in their homes between 2004 and 2006 will be home less. This is an alarming figure taking in consideration that sales and refinances were also record breaking in 2004 through 2006.

Every thing has a silver linimg. The rental market is going to be great for landlords. Specially if proposition 98 gets approved. More home buyers will be able to afford a home. The real estate mareket will be more stable in general due to real demanding factors like population increase, sutained mortgage payments with verified income, sustained down payments with verified assets, and government insured loans.