Tax and financial advice from the Silicon Valley expert.

Documentation Requirements For Homebuyers Credit will mean headaches for many

Starting with 2009 federal income tax returns, taxpayers will be required to attach certain documents in order to claim the New Homebuyer Credit. A new credit of up to $6,500 is available to taxpayers who have lived in a residence for more than five years, but they might have trouble finding documents to prove their residence during the five-year period.

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Tax and financial advice from the Silicon Valley expert.