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March 2010 - Real Estate Update & Newsletter

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Real Estate Broker/Owner with Corcoran Legends Realty NYS# 10491202097

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.

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Homeowners filing for the home buyer tax credit are not allowed to use electronic filing and must file hard copies due to special documentation requirements. Earlier this year, the Internal Revenue Service (IRS) deployed new home buyer tax credit forms and instructions requiring forms that will force taxpayers to file on paper, rather than electronically. 

The new home buyer tax credit filing rules are to ward off a repeat of 90,000 taxpayers who fraudulently claimed the credit, according to the U.S. Treasury. Under the new and expanded home buyer tax credit rule, the credit is worth up to $8,000 for first-time home buyers and up to $6,500 for qualifying existing home buyers, in both cases, who buy a primary residence or have one built. The tax credit is refundable. A credit... CONTINUED

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Westchester County - Phyllis Lerner, Realtor

 



Phyllis Lerner, Realtor - Broker/Co-Owner - 914.438.3903
Westchester County NY - Real Estate Listings, Sales, Rentals & Services



Voted 2010 through 2023 FIVE STAR Real Estate Agent by Westchester Magazine

(Disclaimer: Any and all grammar, punctuation and spelling mistakes located within my blogs, web sites and any other content, are purely for your amusement and entertainment.) 

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