 Arlene Quirk's Bio
Arlene believes in being a leader in her community and strives to create a warm and friendly environment that anyone would want to become a part of. Arlene has also been a member of the Milford/Matamoras Rotary Club since 2003 working to live out the Rotary Four Way Test:
1. Is it the truth?
2. Is it Fair to all concerned?
3. Will it build Goodwill and Better Friendships?
4. Will it be Beneficial to all concerned?
Arlene is a Certified Residential Specialist, an Accredited Buyer's Agent, a past Director of the Pennsylvania Board of Realtors, and the past President of the PikeWayne Board of Realtors. She is presently an officier in the Pike/Wayne Association of Realtors and has been on the Board for several years. She earned and received her Associate Broker License in 2007.
Arlene Quirk graduated with a BS in Business Management in 1985 (Magna Cum Laude)and then sculpted her people skill in the hospitality industry as a hotel manager for 15 years before becoming a realtor. She is a licensed realtor in Pennsylvania and New York, but considers Milford her true home. Along with her husband, Dean, Arlene lives in Milford with their two children, Dean Jr and Danielle.
You can find Arlene working diligently in the gatehouse for Chant Real Estate in Milford, PA. As always, she is committed to providing her clients with the best service possible and developing friendships that will last a lifetime.
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Tax Considerations >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
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| Q |
What is considered one of the greatest U.S. construction projects that was also of great strategic importance to the U.S.?
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| A |
The Panama Canal, begun in 1904 and completed in August, 1914, which cost $366,650,000. |
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