Home > Uncategorized > IRS Releases Revised Form 5405

IRS Releases Revised Form 5405

The IRS has released IR-2010-6, which provides a revised Form 5405 to reflect the changes to the homebuyers tax credit made in the extension and expansion legislation enacted in November 2009. 

You will need the HUD-1 or evidence of the transaction must be filed with all returns claiming the tax credit for the $8,000 First Time Home Buyer Tax Credit and the $6,500 Move-Up / Repeat Home Buyer Tax Credit. If you need more information, please read the instructions on the IRS  website.

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