Ar_home_b_search
 



8000: 2331 East Irwin Way, Eugene, OR 97402 Another great option for either of the soon-to-expire $8000 or $6500 tax credits. - 04/18/10 02:46 AM
 
… (4 comments)

8000: Who CANNOT Claim the $8000 and $6500 Federal Income Tax Credits -- Notes from the Instructions for the newly published IRS Form 5405 - 01/16/10 12:55 AM
Who Cannot Claim the Credits This is one of a series of posts
on the extended
Federal Income Tax Credit for First-Time Buyers ($8000)
and the newer
Federal Income Tax Credit for Long-Time Residents ($6500)
based on the newly published instructions for the new
Federal Form 5405.
 
You cannot claim either credit if any of the following apply:
1. The purchase price of the home is more than $800,000.
This rule applies to homes purchased after November 6, 2009. 2. Your modified adjusted gross income is:
a. $95,000 or more ($170,000 or more if married filing jointly) … (7 comments)

8000: WE'RE ALL STILL WAITING....for the IRS to publish a new Form 5405 for claiming the $8000 or $6500 tax credits - 01/12/10 02:42 PM
If you've looked on line lately to see if the Internal Revenue Service has gotten around to publishing a new Form 5405 so your clients can file for their First Time or Move - On Home-buyer Tax Credits for purchases that closed after November 6 , 2009, you know they haven't.
It you go there you'll STILL see this notice:
 
Information regarding the 2008 Form 5405
First-Time Homebuyer Credit
Changes have been made to the first-time homebuyer credit by Public Law111-92, the Worker, Homeownership, and Business Assistance Act of 2009,which was enacted on November 6, 2009.
As a result, this … (0 comments)

8000: The latest word on the TWIN TAX CREDITS from the Internal Revenue Service. - 11/30/09 11:43 AM
Here is the latest missive from the IRS regarding the TWIN TAX CREDITS -- just in case you missed it last week while concentrating on turkey.
What it does not clearly get across is:
If you close on the purchase of a home after November 6 but before the end of 2009, you can still claim either of the credits against your 2008 tax return by filing the new, as yet unpublished Form 5405 (claiming the credit itself) and a Form 1040X (amended return).
If you read my post from the week prior to Thanksgiving, you have no need to read … (4 comments)

8000: Is this such an extra-ordinary time that the government should be offering - and extending - a tax credit for "first-time" buyers? - 10/08/09 01:21 PM
Is the tax credit necessary?
We might appropriately ask:
Is this an extraordinary time? 
We surely would not want such a credit to be ordinary.
Well: 
This is an extra-ordinary time.
 
It is the first time home price have fallen so severely in a generation. 
To illustrate that, I'm going to reproduce here, one more time, the graph of the Portland, OR home prices over the last 22 years - as reported by the Case-Shiller Index (as reported by Standard and Poors and the Wall Street Journal)  Your metro area may vary.  (Only 20 cities are reported.  Eighteen of the … (39 comments)

8000: The Debate over Expansion vrs. Extension of the $8000 Tax Credit is Over -- Well, almost over. - 09/21/09 07:08 PM
There's been lots of discussion on ActiveRAIN over the last few weeks on the issue of extending and/or expanding the federal $8000 tax credit for "first-time" home buyers. 
Now, most of that debate appears to be over.  The direction Congress may go is quite clear.  They will extend the current credit for six months -- or they will do nothing. Many ActiveRainers have opposed the whole idea of the credit and any continuation of it.   Many have wished for an expansion of the credit:  either an increase to $15,000 and/or an expansion of the credit to enable all buyers in … (10 comments)

 
Img_0653 Rainmaker_large

Jim Hale - On the MOVE for You! Eugene - Springfield Oregon Real Estate

Eugene, OR

More about me…

ACTIONAGENTS.NET

Address: Jim Hale - ACTIONAGENTS.NET, 1715 Linnea Avenue, Eugene, OR, 97401-1962

Office Phone: (541) 484-0219

Cell Phone: (541) 543-9991

Email Me

Attractions, things to do, what's unique about living in Lane County. New listings, new real estate trends and market data by RMLS market areas (neighborhood), including Ferry Street Bridge, North Gilham, Coburg - I-5 North, River Road, Santa Clara, North Springfield, Bethel - Danebo, Veneta - Elmira, Creswell - Cottage Grove, Pleasant Hill - Lowell - Oakridge. Comments and updates on state and national real estate news, trends, hazards and opportunities.
Locations of visitors to this page
Visit Short Sale Superstars


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find OR real estate agents and Eugene real estate on ActiveRain.