Follow Me on Twitter

Congress Considering New Tax Burdens on Real Estate

Dennis Norman

As the real estate market and industry continues to struggle to try to pull out of the dumps, another blow could come soon from Congress in the form of new tax burdens on real estate.

Congress is proposing that all owners of rental properties be required to complete and file 1099 forms for all

Continue reading… Congress Considering New Tax Burdens on Real Estate

IRS Releases Instructions on how to Claim Homebuyer Tax Credit

Dennis Norman

Today the Internal Revenue Service released a new form that eligible homebuyers must need to use to claim the first-time homebuyer credit this tax season, along with instructions and guidelines for other documentation that must accompany your tax return.

Tweet This Post

New updated info from IRS on Homebuyer Tax Credit

First-Time Homebuyer Credit Extended to April 30, 2010; Some Current Homeowners Now Also Qualify

WASHINGTON — A new law that went into effect Nov. 6 extends the first-time homebuyer credit five months and expands the eligibility requirements for purchasers.

The Worker, Homeownership, and Business Assistance Act of 2009 extends the deadline for qualifying

Continue reading… New updated info from IRS on Homebuyer Tax Credit

First-time homebuyer credit provides tax benefits to 1.4 million familes to date according to the IRS

By: Dennis Norman

Dennis Norman

“I’m from the IRS and I’m here to help you.”

Yeah, sure.

Actually, in this case the IRS is trying to help. The IRS has a website and has even published a video on YouTube to help first-time buyers and potential buyers understand the first-time home buyer tax credit as well as

Continue reading… First-time homebuyer credit provides tax benefits to 1.4 million familes to date according to the IRS

IRS Warns Taxpayers to Beware of First-Time Homebuyer Credit Fraud

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

On Thursday July 23, 2009, a Jacksonville, Fla.-tax preparer, James Otto Price III, pled guilty to falsely claiming the first-time homebuyer credit on a client’s federal tax

Continue reading… IRS Warns Taxpayers to Beware of First-Time Homebuyer Credit Fraud