If you are planning to buy a home before the tax credit expires, you need to be aware of the new forms and filing requirements from the IRS.
Basically, the IRS has a new form that must be completed (IRS Form 5405 "First-Time Homebuyer Credit and Repayment of the Credit") and the tax return must be mailed in as a hardcopy.
You can still use tax preparation software to complete your return, but you will need to print it out and mail it in with all appropriate documents.
Please click the link for further information: Taxpayers Seeking Homebuyer Tax Credits, Reunds Must File Paper
If you would like more information about the tax credit, or buying and selling a home, please contact us at 678-229-8767 or visit our website at www.HomesByUrsula.com
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