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homebuyer credit

Top 10 First-Time Homebuyer Credit Tax Tips

Top 10 First-Time Homebuyer Credit Tax Tips

By Admin on April 12, 2010

If you purchased or entered into a binding contract to purchase a home in 2009 or early 2010, you may be eligible to claim the First-Time Homebuyer Credit. Claiming this credit might mean a larger refund.

Posted in Tax Credits, Tax Tips | Tagged 1098, 5405, First-Time, Form, homebuyer credit, HUD-1 | Leave a response

Seven Important Facts about Claiming the First-Time Homebuyer Credit

Seven Important Facts about Claiming the First-Time Homebuyer Credit

By Admin on March 26, 2010

You must buy – or enter into a binding contract to buy – a principal residence located in the United States on or before April 30, 2010. If you enter into a binding contract by April 30, 2010, you must close on the home on or before June 30, 2010.

Posted in Tax Credits, Tax News | Tagged First-Time, homebuyer credit | Leave a response

First-Time Homebuyer Credit Documentation Requirements

First-Time Homebuyer Credit Documentation Requirements

By Admin on February 23, 2010

Are you confused about the First-Time Homebuyer documentation requirements? The IRS recognizes that the settlement documents can vary from location to location, so here are five tips to clarify the documentation requirements.

Posted in Tax Credits | Tagged first-time homebuyers, homebuyer credit, homebuyers | Leave a response

New Homebuyer Credit Form 5405 Released

New Homebuyer Credit Form 5405 Released

By Admin on January 16, 2010

The IRS also reminded homebuyers that the new documentation requirements mean that taxpayers claiming the credit cannot file electronically and must file paper returns. Taxpayers can still file online for free to prepare their returns, but the returns…

Posted in Tax Credits, Tax News | Tagged First-Time Homebuyer Credit, form 5405, Form 5405 instructions, homebuyer credit | Leave a response

Taxpayers: Beware of First-Time Homebuyer Credit Fraud

Taxpayers: Beware of First-Time Homebuyer Credit Fraud

By Admin on July 29, 2009

The Internal Revenue Service today announced its first successful prosecution related to fraud involving the first-time homebuyer credit and warned taxpayers to beware of this type of scheme.

A Florida tax preparer pled guilty to falsely claiming the first-time homebuyer credit on a client’s federal tax return.

Posted in Tax News | Tagged First-Time Homebuyer, First-Time Homebuyer Credit, Fraud, homebuyer credit | Leave a response

First-Time Homebuyers Have Several Options to Maximize New Tax Credit

By Admin on March 22, 2009

As part of the Treasury Department’s consumer outreach effort and with the April 15 individual tax filing deadline approaching, the Internal Revenue Service today began a concerted effort to educate taxpayers about additional options at their disposal to claim the new $8,000 first-time homebuyer credit for 2009 home purchases. For people who recently purchased a [...]

Posted in Tax Credits | Tagged first-time homebuyers, homebuyer, homebuyer credit, tax credit | Leave a response

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