Keep Your Home California website answers some tax-related questions, but encourages homeowners to seek tax professionals before filing their returns

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.

tax timeIt’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.

Image courtesy of hywards at FreeDigitalPhotos.net

 

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One Comment on “Keep Your Home California website answers some tax-related questions, but encourages homeowners to seek tax professionals before filing their returns”

  1. scott says:

    Hard-working, taxpayer dollars being stolen from them to pay for the mistakes of others.
    While some people were buying homes they couldn’t afford, the rest of us were living within our means.
    Now, those of us who lived within our means are paying for the mistakes of others. We’re paying part of their mortgage payment.


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