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Ann Allen ~ SRES ASP e-PRO REALTOR® ~ Birmingham Alabama Luxury Homes

New Alabama Law Requires Buyers To Withhold Sales Tax In Certain Real Estate Transactions

The Alabama legislature recently passed a new law that became effective August 1, 2008. Details and forms needed for compliance can be found by clicking on Act No. 2008-504.

Tax ManWhat Does The Act Require? The buyer of a property located in Alabama, which has been obtained by sale or transfer from a nonresident of Alabama, is responsible for withholding a percentage of the sales price (or gain) and remitting to the Commissioner of Revenue of the State of Alabama on behalf of the seller. This also includes any related tangible personal property.

What If The Buyer Fails To Withhold? He becomes personally liable for the amount of tax and the purchased property is subject to a lien from the Alabama Department of Revenue.

When Is A Seller Exempt From Having Tax Withheld? A seller that meets all of the following and executes a sworn affadavit may claim an exemption by meeting the requirements to be considered a resident.

* The seller has filed an Alabama tax return for the two prior years

* The seller affirms the proceeds of the sale will be reported on the current year Alabama tax return and shall be filed on time

* If the seller is an Alabama business, the intention to continue substantially the same business in Alabama must be affirmed, and the assessed value of their real property that remains in the state after the transaction is completed is greater than the tax liability on the transaction

* If the seller is a corporation or limited partnership it must be registered to do business in Alabama

Are There Any Other Transactions Which May Be Exempt? Yes! Click here for exempt transactions.

Questions? FAQs and answers can be found here

Ann Allen Birmingham AL Realtora

Courtesy of Ann Allen, e-Pro, SRES, ASP

BIRMINGHAM AREA REAL ESTATE

205.902.4868

Keller Williams

One Chase Corporation Drive, Suite 150

Hoover, AL 35244

Ann@AnnAllenTeam.com

© 2008 Ann Allen, All rights reserved

Pelham Lady Panthers JV Volleyball Team Plays In the Vestavia Rebel Rumble Tournament

The Pelham High School Lady Panthers Junior Varsity Vollyball Team played this weekend!

The girls played in the Rebel Rumble, an all-day tournament that was hosted by the Vestavia Rebels. It was held in the gymnasium at Vestavia Hills High School and was attended by teams from around the state, including:

  • Bob JonesVestavia Rebel
  • Grissom
  • Homewood
  • McGill-Toolen
  • Mortimer Jordan
  • Mountain Brook
  • Oak Mountain
  • Pelham
  • Thompson
  • Vestavia


PICTURES FROM THE TOURNAMENT!



Grissom......warming up

Grissom Volleyball Team

Some of the Lady Panthers between matches.....


Pelham Panthers Volleyball

Mortimer Jordan vs. Pelham.....


Mortimer Jordan Volleyball

Panthers ready at the net......


Pelham Panthers Volleyball

One of the fans.....


Pelham Panthers Volleyball

Pelham vs. Bob Jones.......


Pelham Panthers and Bob Jones Volleyball

More Lady Panthers.....


Pelham Panthers Volleyball

Ann Allen Birmingham AL Realtor

Courtesy of Ann Allen, e-Pro, SRES, ASP

BIRMINGHAM AREA REAL ESTATE

205.902.4868

Keller Williams

One Chase Corporation Drive, Suite 150

Hoover, AL 35244

Ann@AnnAllenTeam.com

© 2008 Ann Allen, All rights reserved

Blue Skies and Fluffy Clouds in Orange Beach......This is not what I Expected from Tropical Storm Fay!

clouds

This is a photo I took while sitting out by the pool at the Perdido Beach Resort August 26, 2008. Tropical Storm Fay was supposed to make for a very soggy beach trip, however, at our location in Orange Beach we had dryer weather than anywhere close to us. The storm just spun around us and we had lovely weather and beautiful skies like this much of the time. It was very breezy and the clouds were moving fast.

Ann Allen Birmingham AL Realtor

Courtesy of Ann Allen, e-Pro, SRES, ASP

BIRMINGHAM AREA REAL ESTATE

205.902.4868

Keller Williams

One Chase Corporation Drive, Suite 150

Hoover, AL 35244

Ann@AnnAllenTeam.com

© 2008 Ann Allen, All rights reserved

2008 HEWITT-TRUSSVILLE MIDDLE SCHOOL FOOTBALL HOMECOMING

The 7th grade Hewitt-Trussville AL Middle School Huskies Football Team celebrated their 2008 Homecoming this week!

They took on the 7th grade Homewood Patriots at Jack Wood Stadium in Trussville AL. It was an exciting football game that had fans on the edge of their seats! It was a hard fought battle, with the Patriots taking home the win with a victory of 24 - 21.

EVERYONE HAD A BLAST!

Waiting for the team to take the field!

Hewitt-Trussville Middle School Football


Ladies and Gentlemen......introducing the 2008 Hewitt-Trussville Middle School 7th Grade Husky Football Team !!!!!!!!!!

Hewitt-Trussville Middle School Football


The coin toss!

Hewitt-Trussville Middle School Football



The HTMS Dance Team Halftime Show wows the crowd!

Hewitt-Trussville Middle School Dance Team


The Cheerleaders energize the fans with a great show!

Hewitt-Trussville Middle School Cheerleaders

Friends pose for a picture!

friends

Friends and family cheer for the team!

hewitt-trussville middle school fans

Future quarterback?

hewitt-trussville middle school fans

Ann Allen Birmingham AL Realtor

Courtesy of Ann Allen, e-Pro, SRES, ASP

BIRMINGHAM AREA REAL ESTATE

205.902.4868

Keller Williams

One Chase Corporation Drive, Suite 150

Hoover, AL 35244

Ann@AnnAllenTeam.com

© 2008 Ann Allen, All rights reserved

Birmingham's SOUTHERN WOMEN'S SHOW

The Southern Women's Show returns to Birmingham October 2-5 at the BJCC in downtown Birmingham.

Woman Jumping For Joy

  • Admission:
  • Adults $9 at the door
  • On-line Advance Tickets $8
  • Groups $7 (10 or more, Advance)
  • One free ticket for every 10 purchased
  • Youth $5 (ages 6-12)
  • Children under 6 free with paying adult

Special Pricing:

  • $5 Every Day After 5pm
  • $7 Tickets Available At Piggly Wiggly

For $1 Discount Coupon click here

Don't miss out on all the fun!

Schedule Of Events

Show Exhibitors

Ann Allen Birmingham AL Realtor

Courtesy of Ann Allen, e-Pro, SRES, ASP

BIRMINGHAM AREA REAL ESTATE

205.902.4868

Keller Williams

One Chase Corporation Drive, Suite 150

Hoover, AL 35244

Ann@AnnAllenTeam.com

© 2008 Ann Allen, All rights reserved