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	<title>The Bergen County Homes Blog &#187; Form 5405</title>
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	<link>http://thebergencountyhomesblog.com</link>
	<description>Real Estate in Bergen County, NJ</description>
	<lastBuildDate>Mon, 21 May 2012 03:35:58 +0000</lastBuildDate>
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		<title>Claim Your Home Buyer Tax Credit with IRS Form 5405</title>
		<link>http://thebergencountyhomesblog.com/claim-your-home-buyer/</link>
		<comments>http://thebergencountyhomesblog.com/claim-your-home-buyer/#comments</comments>
		<pubDate>Wed, 03 Feb 2010 08:44:36 +0000</pubDate>
		<dc:creator>Bergen County Real Estate Agent</dc:creator>
				<category><![CDATA[Buying a Home]]></category>
		<category><![CDATA[First Time Home Buyer Tax Credit]]></category>
		<category><![CDATA[Form 5405]]></category>
		<category><![CDATA[home buyer]]></category>
		<category><![CDATA[Home Buyer Tax Credit]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[Tax Credit]]></category>

		<guid isPermaLink="false">http://thebergencountyhomesblog.com/?p=468</guid>
		<description><![CDATA[ On January 15th the IRS released a new form for home buyers who want to claim the tax credit when they file their taxes this year.  This is Form 5405.  Form 5405 is a revision of the previous  2009 First Time Home Buyer Tax Credit so that the current 2010 Home Buyer Tax Credit program is covered.  I [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-thumbnail wp-image-469" title="a cash gift" src="http://thebergencountyhomesblog.com/files/2010/02/j0442235-150x150.jpg" alt="a cash gift" width="150" height="150" /> On January 15th the IRS released a new form for home buyers who want to claim the tax credit when they file their taxes this year.  This is Form 5405.  Form 5405 is a revision of the previous  2009 First Time Home Buyer Tax Credit so that the current 2010 Home Buyer Tax Credit program is covered. </p>
<p>I would like to point out 2 important changes:  Along with Form 5405 you MUST include documentation such as your RESPA closing statement.  Because there is more documentation required to claim your tax credit for both a repeat and a first time home buyer, your tax return must be filed manually.  So remember &#8211; more documentation and manual filing is what you&#8217;ll have to do. </p>
<p>For more information, just go to the <a href="http://www.irs.gov/newsroom/article/0,,id=218336,00.html">IRS website</a> .  It&#8217;s really not hard to take care of this and since you will have purchased your home recently, it shouldn&#8217;t be difficult to access your RESPA closing statement.  As always, I recommend that you consult with a tax professional.</p>
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