Keep Your Home California website answers some tax-related questions, but encourages homeowners to seek tax professionals before filing their returnsPosted: March 13, 2015
It happens this time every year.
The commercials begin, the documents and statements arrive in the mail, and the clock seems to tick just a little faster.
Welcome to tax season.
It’s also when we get quite a few calls and emails from homeowners who have been helped by Keep Your Home California. Now, we know a lot about our free mortgage-assistance program and many other mortgage-related topics, but when it comes to personal income taxes …
Well, we must let the professionals handle tax questions.
However, the Keep Your Home California website’s Frequently Asked Questions page addresses several of the most-asked questions from homeowners:
- I didn’t receive or I lost my 1098-MA statement from Keep Your Home California, can I get another one?
- I prepare my own taxes each year. Where can I obtain information on the 1098-MA statement?
- Does the 1098-MA replace the 1098 tax document that I get from my mortgage servicer?
And, of course, the most frequent question that raises concern among homeowners: Do I have to pay taxes on the benefits assistance received from Keep Your Home California?
We’re sorry, but our program cannot provide tax advice and strongly urges homeowners to consult a tax professional regarding this and any other tax-related questions. Additional information is also available from the Internal Revenue Service.
Now, if you would like more information or want to apply for Keep Your Home California, call 888-954-KEEP (5337) or visit www.KeepYourHomeCalifornia.org (those more comfortable speaking Spanish should visit http://conservatucasacalifornia.org/ ). The counseling center is open 7 a.m. to 7 p.m. weekdays and 9 a.m. to 3 p.m. Saturdays. Translators are available, so counseling sessions can be conducted in virtually any language.
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