File Your Taxes Now » homebuyer credit

Top 10 First-Time Homebuyer Credit Tax Tips

Admin — Tue, 13 Apr 2010 00:04:12 +0000

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.

Seven Important Facts about Claiming the First-Time Homebuyer Credit

Admin — Sat, 27 Mar 2010 06:57:50 +0000

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.

First-Time Homebuyer Credit Documentation Requirements

Admin — Tue, 23 Feb 2010 22:07:10 +0000

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.

New Homebuyer Credit Form 5405 Released

Admin — Sun, 17 Jan 2010 09:48:47 +0000

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...

Taxpayers: Beware of First-Time Homebuyer Credit Fraud

Admin — Wed, 29 Jul 2009 15:41:01 +0000

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.

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

Admin — Mon, 23 Mar 2009 05:40:02 +0000

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 [...]