Monday, February 22, 2010

REALTOR® Magazine-Daily News-IRS Clarifies What's Needed to Claim Tax Credit

Check out this website I found at realtor.org
IRS Clarifies What's Needed to Claim Tax Credit The Internal Revenue Service has clarified which documentation taxpayers need to submit to claim the first-time and move-up homebuyer tax credit. While the IRS is still requiring the filing of Form 5405, it is not demanding that all parties’ signatures be on the HUD-1 settlement document in areas where requiring both the buyer and the seller to sign the document isn’t common. The IRS clarification says: "In areas where signatures are not required on the settlement document, the IRS has clarified that it will accept a settlement statement if it is completed and valid according to local law. … The IRS encourages those buyers to sign the settlement statement prior to attaching it to the tax return.” For repeat buyers, the IRS is seeking documentation that home buyers have lived in the previous property for a consecutive five of the past eight years. Proof can include property tax records, home owner insurance records, or mortgage interest statements. Source: Washington Post (02/20/2010) Read More Could the Tax Credit Be Extended Again? The Basics to the Extended Homebuyer Tax Credit Browse all of today's news

Posted via web from Exit Real Estate Commercial Solutions

Friday, February 19, 2010

Jackson Nance sings Journey at age 9

Jackson Nance is 10 now and has been singing a year since this audition tape was taped.  Thake a look and forward to your friends.  We are trying to help Jackson get 1,000,000 views of his youtube audition!!  Follow the link below to see Jackson sing When the “Lights go Down in the City”

Posted via email from Exit Real Estate Commercial Solutions