By Kenny Kim, EA, MD, Ralph Nelson, EA (El Cerrito, California)Did you know that the IRS uses a formula to determine whether to wipe out your IRS debt or not?The formula is called "Reasonable Collection Potential." It is essentially a cash flow analysis calculated by the following: your income minus essential expenses allowed by the IRS. And then, your assets are added to the formula. So if you can show the IRS that you have little to no cash flow and have a minimum amount of assets, you could be a candidate for an Offer-In-Compromise. The Offer-In-Compromise is a way to potentially settle your debt for less than you owe.Sometimes, you do not need to file an Offer-In-Compromise.Example: Your tax debt is about to expire. Your IRS debt has an "expiration date." After your debt is not coll... 04/19/2022

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during Octoberwas $1,181,250 with thehighest number of units sold in the $1m - $1.299m. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.     11/30/2020

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during September  was $1,007,500 with thehighest number of units sold in the $1m - $1.299m. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com  You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.  10/20/2020

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during August was $1,050,000 with thehighest number of units sold in the $1m-$1.299m. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com  You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.   09/04/2020

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during May was $882,500 with thehighest number of units sold in the $900k - $999k. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.   06/05/2020

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during April was $990,000 with thehighest number of units sold in the $900k-$999k. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.     05/07/2020

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during March was $964,500 with thehighest number of units sold in the $800k-$899k. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com     You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.    04/11/2020

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during February was $930,000 with thehighest number of units sold in the $900k - $999k price range. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.    03/10/2020

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during January was $885,000 with theequal number of units sold in the $700k-$799k, $800k-$899k, and $900k-$999k  price range. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com    You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business. 02/05/2020

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during December was $967,500 with thehighest number of units sold in the $1m-1.49m  price range. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.    01/09/2020

"Your IRS debt has nothing to do with the goodness of your soul." - Ralph NelsonThat saying is the foundation of my business. Because sometimes people come into my office with a lot of shame. They have been getting letters from the IRS, and eventually, their bank accounts get levied or their paychecks are garnished - or both! They live their life under the radar, and then they get that notice. This happens to fine upstanding folks who have had an unusual event, or two, occur in their life. It can be a divorce, illness, job loss, or any other situation that will cause a cascading of problems.Currently, there are approximately fifteen million people who are experiencing an IRS debt problem. At Financial Harmony Tax Resolution LLC, we specialize in resolving IRS tax problems. We work with ... 12/23/2019

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during November was $904,000 with thehighest number of units sold in the $1m-1.49m  price range. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com  You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.   12/09/2019

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during October was $890,000 with thehighest number of units sold in the $1m-1.49m  price range. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.    11/09/2019

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during September was $870,000 with thehighest number of units sold in the $1m-1.49m  price range. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com  You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.  10/10/2019

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during August was $950,000 with thehighest number of units sold in the $1m-1.49m  price range. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business. 09/09/2019

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during July was $925,000 with thehighest number of units sold in the $1m-1.49m  price range. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com   You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.   08/07/2019

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during June was $1,047,500 with thehighest number of units sold in the $1m-1.49m  price range. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.  07/05/2019

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during May was $1,015,500 with thehighest number of units sold in the $1m-$1.49m  price range. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com  You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.    06/06/2019

Five Secrets About Home Values in El Cerrito 1. El Cerrito median estimated home value is $875K.2. The median list price in 2019 was $790K — a -6.9% decrease over the prior year.3. Values have decreased 1.3% in over the last 12 months.4. The median home age is 68.5. The greatest number of homes sold were between 60 and 75 years old. Source: National Association of RealtorsFor more information on the current sales & price statistics, please visit: https://www.car.org/marketdata/data/countysalesactivity The bay area continues to be a popular place to call home.If you are ready to search for your next property, or are looking for your home value, visit:www.searchalleastbayhomes.comClick here for the monthly market reports! 05/20/2019

Monthly Market Activity for Single Family Homes in El Cerrito The Median Sale Price for homes in El Cerrito during April was $805,500 with thehighest number of units sold in the $1m - $1.49m  price range. The Bay Area continues to be a popular place to call home. If you are ready to search for your next property, or are looking for your home value, visit: www.searchalleastbayhomes.com You can also call me on my cell at 510-919-5741 for a more personal conversation.I would love the opportunity to earn your business.  05/08/2019