To be clear, this great news only applies to eligible taxpayers who contracted to buy a home, qualifying for the first-time homebuyer credit, before the end of April. So new contracts are not part of the extension.
The extension was made available as part of The Homebuyer Assistance and Improvement Act of 2010.
Now eligible taxpayers have 3 more months to close!!!
To receive the credit, eligible taxpayers must fill out Form 5405 and include the HUD-1. Good luck and have a great July 4th weekend.
Friday, July 02, 2010
Thursday, July 01, 2010
Homebuyer Tax Credit likely extended
President Obama plans to extend a deadline for homebuyers to complete purchases and qualify for an $8,000 tax credit according to the White House.
Under the extension, qualified homebuyers who signed purchase contracts before April 30 will have until Sept. 30 to complete paperwork and settle on the house. The original settlement deadline was June 30, 2010.
Under the extension, qualified homebuyers who signed purchase contracts before April 30 will have until Sept. 30 to complete paperwork and settle on the house. The original settlement deadline was June 30, 2010.
Wednesday, June 30, 2010
Nassau tax assessment changes
A new fine will be imposed on commercial property owners of $4,000 if they challenge their assessments without an appropriate appraisal.
Assessments are now required every four years, instead of every year.
To learn more, click here.
Assessments are now required every four years, instead of every year.
To learn more, click here.
Tonight's Class - Mold is Money
Free CE Class Tonight in Center Moriches.
Course: Mold is Money
Instructors: Andrew Lieb (Managing Attorney of Lieb at Law, P.C.) and Shawn Lopez (Owner, PuroClean)
Summary: Health, law, and safety. Mr. Lopez brings his hands-on experience as a professional mold remediator, while Mr. Lieb offers both his background as an Adjunct Health Professor at Nassau Community College and his legal expertise as we delve into this complex field from 3 angles. You will be introduced to spores like you have never seen them before, as a profit center for transactions, leasing, and property management. You will also learn to minimize your own exposure to liability.
For more information about registration. Visit www.liebatlaw.com/realestateschool
Subscribe to:
Posts (Atom)