Notes On Tax Credit Extension

Extended to: 

• September 30, 2010.

Who Qualifies: 

• First-Time Home buyers
• Current Home owners who have lived in their residence as primary for 5 years and are purchasing a new primary residence. 

For Tax Returns:

• First-Time home buyers are required to fill out the Form 5405 and show the transactions Settlement Statement.
• Current/Long-Time residents who are buying new principal residences are require to fill out the Form 5405 and provide the following: Property Tax Records, Homeowners Insurance Records or Form 1098 Mortgage Interest Statement.

For more information from the IRS please click here:

http://www.irs.gov/newsroom/article/0,,id=204671,00.html