58 days left for tax credit...and did you know? William Szilagyi Williams Homesellers Colorado Springs Real Estate

Did you know?

With the tax credit you can:

•  Claim the credit on their 2009 return, even if the purchase is completed after December 31, 2009
•  File an amended return for 2009 if their purchase is completed after April 15, 2010
•  Or you can just claim the credit on their 2010 tax returns.

If you decide to apply tax credit to 2009 you will need to:

• Fill out Form 5405 to determine the amount of your available credit;
• Apply the credit when you file your 2009 tax return or file an amended return;
• Attach documentation of purchase to your return or amended return.

I have heard of retroactive taxes before but when has the government ever allowed reatoactive tax credits? Never that I can think of so get while the gettin' is good!

Consumer info provided by William Szilagyi Williams Homesellers www.WilliamsHomeSellers.com www.ZColorado.com Resource for information courtesy of Realtor.org. Not intended to be used as tax advice. Please consult a tax professional for final Homebuyer Tax Credit advice.

 

 

 

 

 

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