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ArtikelHelp for Homebuyers: A Guide to the New First-Time Homebuyer Credit  
Oleh: Adkins, Nell ; Henderson, B. Charlene
Jenis: Article from Bulletin/Magazine
Dalam koleksi: Journal of Accountancy vol. 207 no. 5 (May 2009), page 34.
Topik: Homebuyer Credit; Housing and Economic Recovery Act of 2008; American Recovery and Reinvestment Act of 2009; Taxpayers
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ85.27
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelThe first-time homebuyer credit, introduced by the Housing and Economic Recovery Act of 2008, PL 110-289 (the 2008 act), has been substantially modified and clarified by two developments this year: the passage of the American Recovery and Reinvestment Act of 2009, PL 111-5 (the 2009 act), and the issuance of IRS Notice 2009-12 (IRB 2009-6). This refundable credit, as part of the federal government’s overall economic stimulus effort, is intended to enhance buying incentives in the current economy and encourage and aid first-time homebuyers. A first-time homebuyer is defined as an individual (and if married, the individual’s spouse) who has not had an ownership interest in a principal residence in the three-year period ending on the date of purchase (IRC § 36(c)(1)).
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