Bill McCord's Blog » 2009 Tax Credit Filing http://mccordrealtyservices.com Realty World - Windsor Sun, 01 Apr 2012 18:05:10 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 1st Time Buyer Tax Credit Form http://mccordrealtyservices.com/2010/01/25/1st-time-buyer-tax-credit-form/ http://mccordrealtyservices.com/2010/01/25/1st-time-buyer-tax-credit-form/#comments Mon, 25 Jan 2010 23:30:02 +0000 Bill McCord /?p=337 The IRS will be releasing a new version of Form 5405, the First-Time Homebuyer Credit Form, for homebuyers claiming the extended housing tax credit. Homebuyers eligible for the tax credit must use this new version if they:

1. Purchased their homes on or after November 7, 2009,

OR

2. Will claim the housing tax credit on their 2009 tax returns, regardless of when the property was purchased.

The new form was due to be published last December. The old form (currently the only one available on the IRS website) will not be accepted for claiming the tax credit under the extended rules.

NOTE: At this time the IRS requires that owners claiming this tax credit 0n their 2009 tax returns must file on paper. Be sure to check this beforehand if planning to file electronically. It may have changed by then.

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