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Sudbury Real Estate , Real Estate in Sudbury , Sudbury Realtors , Sudbury Blog , Real Estate Blog , N.B.Taylor & Co , Real Estate Agents in Sudbury , Sudbury Real Estate Agents , Realtors , Homes for Sale in Sudbury , Sudbury Homes for Sale Leave a comment
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27 Stubtoe Lane , Homes for Sale in Sudbury , Sudbury Homes for Sale , Houses for Sale in Sudbury , Sudbury Houses for Sale , Realtors in Sudbury , Sudbury Realtors , Real Estate Agents in Sudbury , Sudbury Real Estate Agents , N.B.Taylor & Co. , Lesley Harries , Sudbury Real Estate Leave a comment
24 double-stuffed cream-filled chocolate sandwich cookies
1 cup (6 ounces) semisweet chocolate chips
2 teaspoons shortening
24 red maraschino cherries with stems, well drained
24 milk chocolate kisses
48 sliced almonds
1 small tube green decorative icing gel
1 small tube red decorative icing gel
Directions
Carefully twist cookies apart; set aside the halves with cream filling. Save plain halves for another use.
In a microwave, melt chocolate chips and shortening; stir until smooth. Holding each cherry by the stem, dip in melted chocolate, then press onto the bottom of a chocolate kiss. Place on the cream filling of cookie, with cherry stem extending beyond cookie edge.
For ears, place slivered almonds between the cherry and kiss. Refrigerate until set. With green gel, pipe holly leaves on the cream. With red gel, pipe holly berries between leaves and pipe eyes on each chocolate kiss. Store in an airtight container at room temperature.
Raspberry Chocolate Ruggalach
Ingredients
1/2 cup butter, softened
4 ounces cream cheese, softened
1 cup all-purpose flour
1/4 teaspoon salt
FILLING:
1/4 cup dried currants
2 tablespoons sugar
1/2 teaspoon ground cinnamon
1/4 cup seedless raspberry jam
2/3 cup finely chopped pecans
1/4 cup miniature semisweet chocolate chips
Directions
In a large bowl, beat butter and cream cheese until smooth. Combine flour and salt; gradually add to creamed mixture and mix well.
Divide dough in half; form into two balls. Flatten to 5-in. circles; wrap in plastic wrap. Refrigerate for 8 hours or overnight.
Place currants in a small bowl. Cover with boiling water; let stand for 5 minutes. Drain well and set aside. Combine sugar and cinnamon; set aside.
On a lightly floured surface or pastry mat, roll one portion of dough into an 11-in. circle. Brush with half of the jam. Sprinkle with half of the cinnamon-sugar, pecans, chocolate chips and currants; press down gently.
Cut into 16 wedges. Roll up wedges from the wide end and place point side down 2 in. apart on a parchment paper-lined baking sheet. Curve ends to form a crescent. Cover and refrigerate for 30 minutes before baking. Repeat with remaining dough and filling.
Bake at 350° for 18-22 minutes or until golden brown. Remove to wire racks to cool. Yield: 32 cookies.
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Christmas Desserts , Hanukkah Desserts Leave a comment
The National Association of Realtors recently released their 2011 3rd Quarter Housing Report. In the report, they showed that combined sales of single family homes, condos and co-ops increased in EVERY state as compared to the 3rd quarter of last year. Here are the state-by-state numbers.
The next time someone says houses aren't selling, ask them which state they live in and show them the chart.
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Massachusetts Home Sales , Sudbury Real Estate , Real Estate in Sudbury , Sudbury Real Estate Agents , Sudbury Realtors , Sudbury Brokers , Realtors in Sudbury , N.B.Taylor & Co. , Sudbury MA , Home Sales Leave a comment
As the presidential debates start to heat up, there will be comments about the Administration's Health Care Bill. We are again getting many questions about a possible 3.8% tax on home sales that some claim is in the bill. To answer these questions, we have decided to re-run a blog post we did last year. - The KCM Crew
We have received many questions about a possible 3.8% tax which will be put on home sales beginning in 2013. We want to do our best to clarify this situation for everyone. We are not accountants and give you this information just as a simple answer to the misconception. Understand that, when it comes to IRS regulations, you should check with your accountant for the most accurate and up-to-date information.
The truth is that only a tiny percentage of home sellers will pay the tax. First of all, only those with incomes over $200,000 a year ($250,000 for married couples filing jointly) will be subject to it. And even for those who have such high incomes, the tax still won't apply to the first $250,000 on profits from the sale of a personal residence - or to the first $500,000 in the case of a married couple selling their home.
We can understand how this misconception got started. The law itself is couched in highly technical language that only a qualified tax expert can fully grasp. (This provision begins on page 33 of the reconciliation bill that was passed and signed into law.) And it does say the tax falls on "net gain - attributable to the disposition of property." That would include the sale of a home. But the bill also says the tax falls only on that portion of any gain that is "taken into account in computing taxable income" under the existing tax code. And the fact is, the first $250,000 in profit on the sale of a primary residence (or $500,000 in the case of a married couple) is excluded from taxable income already. (That exclusion doesn't apply to vacation homes or rental properties.)
The Joint Committee on Taxation, the group of nonpartisan tax experts that Congress relies on to analyze tax proposals, underscores this in a footnote on page 135 of its report on the bill. The note states: "Gross income does not include ... excluded gain from the sale of a principal residence."
And just to be sure, we checked with William Ahern, director of policy and communications for the nonprofit, pro-business Tax Foundation. "Some home sales would see a tax increase under this bill," Ahern told us, "but it would have to be a second home or a principal residence generating [a gain of] more than $250,000 ($500,000 for a couple)."
Simple Explanation:
The following simple explanation comes from midiShaw:
The tax will affect those sellers of real property who will be otherwise taxed on capital gains under current tax laws. Under current laws, if you sell your primary residence and meet the 'time ' criteria, you are exempt up to $250,000 or $500,000 (filing individually or jointly). Any amount realized OVER that amount is taxable under current tax schedules based on income. As such, this new tax will apparently be added to the current capital gains tax burden IF your income is over $200,000/$250,000 (filing individually or jointly). For those selling second homes and investment properties, the tax, once again, will be applied to the amount of gain realized.
Detailed Explanation:
The following also comes from midiShaw in a comment to the above answer.
Beginning in 2013, the national health care reform legislation that became law in March, 2010, imposes a new 3.8 percent tax on certain investment income. The new tax will apply to single filers with incomes over $200,000 and married taxpayers with incomes over $250,000. Under the law, the investment tax provisions in Chapter 2A of the Internal Revenue Code are placed under the heading "Unearned Income Medicare Contribution." In general, this new Medicare tax will apply to investment income that is subject to income tax, which includes capital gains. Pursuant to IRC Section 1402 (C)(1)(A)(iii), the investment income to which this new tax applies includes "net gain" (to the extent taken into account in computing taxable income) attributed to the disposition of property that qualifies as a capital asset under Section 1221 (capital gains), as well as gains on other property that are considered part of ordinary income.
We offer this just as an explanation. Remember, when it comes to IRS regulations, you should check with your accountant for the most accurate and up-to-date information.
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3.8% Tax Bill , Tax on Homes , HealthCare Home Tax Bill , Sudbury Realtors , Sudbury Real Estate , Real Estate in Sudbury MA , Realtors in Sudbury , Sudbury Real Estate Agents , Real Estate Agents in Sudbury , Sudbury Homes for Sale , Homes for Sale in Sudbury Leave a comment
N.B.Taylor & Co., Inc. Realtors
356 Boston Post Rd
Sudbury, MA 01776
Phone: (978)443-8300
Toll Free: (800)872-6756
Fax: (978)443-0599 Info@nbtaylor.com