Archive for January, 2012
Monday, January 30th, 2012
As of 2012, California employers should update their employee handbooks, leave policies, and posted notices to conform to two new changes in California’s pregnancy disability leave laws. The first of these changes clarifies that the employee’s pregnancy disability leave rights cannot be interfered with or restrained by the employer. The second and more significant change requires employers with five or more employees to continue paying group health insurance premiums for up to 16 weeks for employees who are disabled due to pregnancy, childbirth, or a related medical condition. (more…)
Posted in Employment, Labor Law, Running a Business
Monday, January 30th, 2012
If you are holding an unaffordable mortgage that substantially exceeds your home’s present value, you have several options: a federal HARP or PRA loan modification to reduce your mortgage to your home’s fair market value; a short sale of your home; a deed-in-lieu-of-foreclosure with agreement to void the remaining mortgage; or even a strategic default and foreclosure. The disadvantage to these options is that mortgage debt that is “forgiven” or “eliminated” is generally considered taxable income. However, legal strategies can allow you to avoid paying tax on this fictional “income.” (more…)
Posted in Foreclosure, Home Ownership, Real Estate, Selling a Property, Short Sale, Taxes
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