Brevard News and Information - We Know Brevard

In addition to filling out a Form 5405, all eligible homebuyers must include with their 2009 tax returns one of the following documents in order to receive the credit:

A copy of the settlement statement showing all parties' names and signatures, property address, sales price, and date of purchase. Normally, this is the properly executed Form HUD-1, Settlement Statement.

For mobile home purchasers who are unable to get a settlement statement, a copy of the executed retail salescontract showing all parties' names and signatures, property address, purchase price and date of purchase.

For a newly constructed home where a settlement statement is not available, a copy of the certificate of occupancy showing the owner’s name, property address and date of the certificate.

More information on long time resident home purchase tax credit in my next blog update. Here is also a tip for following your tax credit…..The IRS encourages taxpayers to use direct deposit to speed their refund. In addition, taxpayers can use Where's My Refund? on IRS.gov to track the status of their refund.

I’m rounding third and heading for home……

Brad Kuhns, P.A.

As foreclosures claim more casualties, tenants living in foreclosed properties may no longer be among the victims. The Protecting Tenants at Foreclosurers Act, effective May 20, 2009, requires the purchasers of a property at a foreclosure sale – most often a foreclosing lender – to give a “ bona fide tenant “ at least 90 days notice to vacate the property.

The Protecting Tenant at Foreclosure Act

It something a tenant should know……..

There you have it….until the next time!