News from the RI Association of REALTORS® and State-Wide MLS

Taxpayers who claim the Homebuyer Tax Credit on their 2009 return must submit a paper return due to the additional documentation that must be included.  Recently released Form 5405, First-Time Homebuyer Credit and Repayment of the Credit must be attached to the return along with one of following as noted by the Internal Revenue Service.

Here is a copy of Form 5405, which is also saved under our Property Taxes and Incentives page.

For more details, see the First-Time Homebuyer Credit at www.IRS.gov.

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SINCE lenders started tightening underwriting standards in 2008, many people have flocked to mortgages insured by the Federal Housing Administration, which serves borrowers who have poor credit and little money for down payments. (more…)

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By William Hamilton
January 18, 2010 PBN Staff Writer

It was exactly the type of innovative, one-of-a-kind construction project business partners Joshua Brandt and Andrew Keating were looking for. (more…)

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