First time home buyer Archives - John R. Dundon II, Enrolled Agent
-1
archive,tag,tag-first-time-home-buyer,tag-305,bridge-core-3.0.7,qodef-qi--no-touch,qi-addons-for-elementor-1.5.7,qode-page-transition-enabled,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-content-sidebar-responsive,qode-theme-ver-29.4,qode-theme-bridge,qode_header_in_grid,wpb-js-composer js-comp-ver-6.10.0,vc_responsive,elementor-default,elementor-kit-269
 

First time home buyer Tag

22 May

Posted at 00:00h in Tax Credit

The First Time Home Buyer Credit (FTHBC) Account Look-up tool is now up and running on the IRS website. This tool provides information that helps taxpayers accurately report their FTHBC repayment obligations on their federal tax return. To access this tool, go to: http://www.irs.gov/individuals/article/0,,id=252351,00.html Taxpayers need to...

07 Nov

Posted at 00:00h in Tax Credit

Many taxpayers who claimed the first time home buyer's credit are having their tax returns examined by the IRS. Turns out generally that this credit is not being properly reported. Even tax practitioners are demonstrating incompetence when it comes to preparing, signing and filing tax...

24 Feb

Posted at 00:00h in Tax Credit

The IRS recognizes that the settlement documents can vary from location to location, so here are five tips to clarify the documentation requirements. Settlement Statement: Purchasers of conventional homes must attach a copy of Form HUD-1 or other properly executed Settlement Statement. Properly Executed Settle Statement: Generally,...

02 Dec

Posted at 00:00h in Tax Credit

If you are in the market for a new home, you may still be able to claim the First-Time Homebuyer Credit. Congress recently passed The Worker, Homeownership and Business Assistance Act Of 2009, extending the First-Time Homebuyer Credit and expanding who qualifies. Here are the top...

Share