Posts Tagged ‘first time homebuyer credit’
Tuesday, March 30th, 2010
Are you paying more to Uncle Sam than you need to be?
Surely no one wants to give the IRS extra cash that would otherwise stay in their own pockets. My partner Brian Compton recently shared some expert tax help tips on the Big Biz Show on how taxpayers can minimize their tax bill this year by taking full advantage of their allowable tax deductions.
Below are some top tax deductions taxpayers
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Tags: 2009 tax credits, allowable tax deductions, big biz show, brian compton, first time homebuyer credit, Free Tax Consultation, Payroll Taxes, tax attorney, tax expert, tax help, tax resolution, tax settlement, Tax Tips
Posted in Back Taxes, Expert Help From Tax Attorney, Filing Unfiled Returns and Replacing Substitute for Ret, IRS help, Payroll Tax Problems, Seeking Professional Tax Help, Tax Debt Help News, Tax Relief News, Tax news and tips, Unfiled Returns - Delinquent Tax Returns, income tax relief, tax help | No Comments »
Tuesday, November 10th, 2009
For people who are planning to purchase a home for the first time in the near future, you can still qualify to receive the First-Time Homebuyer Credit if you finalize your purchase by May 1st, 2010. The initial FTHBC was due to expire after November 30, 2009 but has now been extended for another six months.
First-time homebuyers should take advantage of the monetary benefits of this credit by meeting the
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Tags: first time homebuyer credit, first-time homebuyer credit extension, first-time homebuyer tax credit, tax breaks
Posted in Tax news and tips | No Comments »
Friday, October 23rd, 2009
The IRS is set to audit many more returns in 2009 and 2010 due to abuses by taxpayers of the first time home buyer tax credit. The first-time homebuyer tax credit is a tax break of up to $8,000 for qualified home sales before December 1, 2009.
Not everyone qualifies for this credit and I’ve also blogged about common misconceptions about the first time homebuyer tax credit. Knowing the rules and
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Tags: filing accurate tax returns, first time homebuyer credit, IRS tax audits, IRS tax breaks
Posted in Tax news and tips | 4 Comments »
Friday, September 25th, 2009
The first-time homebuyer tax credit can be as much as $8,000 for qualified home sales before December 1, 2009. Taxpayers can claim the credit on Form 5405.
One of the biggest misconceptions about the first-time homebuyer credit is that not everyone qualifies. Taxpayers must be qualified buyers and satisfy income requirements. Individuals must have a modified adjusted gross income of less than $75,000 to qualify for the full amount (for couples
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Tags: first time homebuyer credit, first time homebuyer qualifications, homebuyer tax credit, IRS trouble, tax attorneys, tax credits
Posted in Tax news and tips | No Comments »
Tuesday, August 11th, 2009
The current gloomy economy has put many ordinary law-abiding taxpayers in IRS trouble for unpaid taxes.
In response to this dire situation, Congress has been working steadfast to create a number of tax breaks for Americans who are struggling to make ends meet. In Feburary of 2009, Congress passed the Economic Recovery and Reinvestment Act of 2009. The nearly $800 billion economic stimulus package offers significant tax incentives.
However, due to the
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Tags: COBRA premium assistance, Congress tax breaks, delinquent tax returns, delinquent taxes, Economic Recovery and Reinvestment Act of 2009, economic recovery payments, exclusion of unemployment benefits, first time homebuyer credit, IRS amnesty period, IRS debt, IRS problem solver, irs problems, IRS tax problems, motor vehicle sales tax deduction, Obama tax proposal, tax breaks, tax evasion, tax evasion forgiveness, tax expert, tax help, tax incentives, tax relief, tax resolution, Tax Tips
Posted in Tax Debt Help News, Tax Relief News, Tax news and tips, tax help | 3 Comments »
