| Recent Blog Posts by Suzanne Dingley | ||
Just 6 Weeks Left To Claim The Homebuyer Tax CreditThe deadline for purchasing a home in order to qualify for the extended and expanded Home Buyer Tax Credit program is fast approaching. Homebuyers must be under contract to purchase a home no later than April 30, 2010; the home must close no later than June 30, 2010. “Move up” buyers (those who own a home and have lived in it for 5 of the last 8 years) may be eligible to receive a ...
Posted by
Suzanne Dingley
@ 3:03 PM
on 03/02/2010
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IRS Form 5405 Needed To Claim Homebuyer CreditThe Internal Revenue Service has released a new form that eligible homebuyers must file in order to claim the first-time homebuyer credit this tax season.
The new form and instructions follow the extension and expansion of the homebuyer tax credit in November. In addition, there are now documentation requirements to deter fraud and ensure taxpayers properly claim the credit.
With the release of ...
Posted by
Suzanne Dingley
@ 3:03 PM
on 02/08/2010
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Breaking News on the Homebuyer Tax CreditThe Internal Revenue Service has released a new form that eligible homebuyers must file in order to claim the first-time homebuyer credit this tax season.
The new form and instructions follow the extension and expansion of the homebuyer tax credit in November. In addition, there are now documentation requirements to deter fraud and ensure taxpayers properly claim the credit.
With the release of ...
Posted by
Suzanne Dingley
@ 12:25 PM
on 01/21/2010
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EXPANSION OF THE HOME BUYER TAX CREDITThe President has extended the $8,000 First Time Home Buyer Tax Credit and now expanded it to include a $6,500 tax credit for Move Up Buyers has caught the attention of many.
Click this video for some of the pertinent details of the tax credit:
Posted by
Suzanne Dingley
@ 2:06 PM
on 12/17/2009
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FAQ: FIRST TIME BUYER AND MOVE UP BUYER TAX CREDIT
Here are some of the most frequently asked questions on the changes to the Home buyer Tax Credit. Additional details will be posted to this blog as they become available.
Question: Existing homeowner credit: Must the new house cost more than the old house?
Answer: No. Thus, for example, individuals who move from a high cost area to a lower cost area who meet all eligibility requirements ...
Posted by
Suzanne Dingley
@ 10:35 AM
on 11/13/2009
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UPDATE ON THE PROPOSED EXTENSION/EXPANSION OF 1ST TIME HOMEBUYER TAX CREDT AS OF 11/4/09Following are the latest details available on the proposed extension and expansion of first time home buyer tax credit extension, now including a move-up buyer’s tax incentive as of 11/4/09. This measure has been passed by the Senate; now it's up to the House.
The tax credit would be $8,000 for first-time home buyers and $6,500 for move-up buyers (from December 1, 2009 to April ...
Posted by
Suzanne Dingley
@ 1:45 PM
on 11/05/2009
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