Sat04182015

Business & Real Estate

Help boost refund with Earned Income Tax Credit

In partnership with the IRS, the Franchise Tax Board encourages eligible California taxpayers to claim the Earned Income Tax Credit when filing their federal tax returns.

Nearly 3.1 million Californians received more than $7.3 billion in refunds last year, according to state officials. The average Earned Income Tax Credit refund totaled $2,373. The IRS estimates that one in five Earned Income refunds goes unclaimed each year.

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Dividends are the heroes for investors

Unusually low oil prices have wreaked havoc on some economies, but the U.S. economy continues on a strong, steady course, with the market opening at more than 18,000 Friday.

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Local housing outlook stays positive

With a strong December jobs report, an improving gross domestic product and a strong dollar, it is very likely the U.S. will continue to see foreign buyers and investors this year, according to Bay Area real estate expert Carole Rodoni.

The Bay Area, in particular, is a “spectacular housing market,” Rodoni said.

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SEC charges Los Altos resident with insider trading

The U.S. Securities and Exchange Commission Thursday charged a corporate insider from Los Altos, a stock research analyst and two others with insider trading. Together, they generated nearly $750,000 in illegal profits by trading in advance of four corporate news announcements, according to the SEC.

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Maltby's sees reprieve


Town Crier File Photos
Maltby’s Restaurant, above, will remain open, at least through St. Patrick’s Day, when festivities include music and green beer.

Maltby’s Restaurant remains open, despite failed negotiations with the landlord – and the reprieve will last at least past St. Patrick’s Day, to the relief of corned-beef lovers across the city.

Proprietor James Maltby switched to a month-to-month lease as his landlord, Tripat Mangat, looks for a tenant willing to pay a higher rate for the space. After 17 years at 101 Plaza North, Maltby hit what he felt was a ceiling when his rent neared $11,000 per month last year. The hike to $15,000 now proposed for the space meant that Maltby’s was reaching the end of its tenancy.

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Stock volatility can be confusing

Since the beginning of the new year, the market has dropped more than 200 points on 15 different days.

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Transactions

Los Altos

159 Cuesta Drive, G. Eger to I. Brown for $1,364,000

276 Delphi Court, McLaren Trust to M. Steiner for $3,195,000

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