IRS Releases New Forms & Instructions

The IRS has released IR-2010-6, which provides a revised Form 5405 to reflect the changes to the tax credit made in the extension and expansion legislation enacted in November 2009. The HUD-1 or evidence of the transaction must be filed with all returns claiming the credit (both the $8,000 and $6,500 credits). Read more on the IRS website http://www.irs.gov/newsroom/article/0,,id=218336,00.html

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