Taxpayers Seeking Homebuyer Tax Credits, Refunds Must File Paper, as reported by Realty Times, electronic filing will not be allowed for homeowners filing for the home buyer tax credit. The new filing rules are an effort to ward off a repeat of 90,000 taxpayers who fraudulently claimed the credit, according to the U.S. Treasury. All taxpayers (first time and move up buyers) seeking a credit or refund, must use the new IRS Form 5405 and submit it with additional closing documents as listed on the Form 5405.
Taxpayers Seeking Homebuyer Tax Credits, Refunds Must File Paper
0 comments • Jude Sandvall, ABR, CNE, SFR 720-255-1021 • March 01 2010 10:39AMComments
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