The IRS provides forms and instructions for taxes and how they relate to real estate transactions. For a master list of all IRS Forms and Publications, visit the documents section of the IRS web site. Don't forget to ask your financial advisor if you seek help!
Publication 515 Witholding of Tax on
Nonresident Aliens and Foreign Entities Are you sellling your house and
not a US citizen? Do you have to have tax withheld at time of closing? Are
you buying a house and want to ensure you don't inherit a tax obligation
after buying from a non-US citizen? This IRS publication will answer your
questions so that you can make sure any taxes are accounted for properly at
time of closing.
Form 5405 First-Time Homebuyer
Credit Are you a first-time home buyer? Did you sell your home a while
back, have been renting until your recent home purchase, and want to see if
you're eligible to claim the credit?
Should you claim the credit this year or next year? Should I plan to start
my vacation December 2 this year?
is the IRS announcement for the First-Time Homebuyer Credit program, featuring useful links and all the
information you need to make a smart decision on how to use this credit.
Income Tax Form 709 Gift Tax Return Will someone provide gift money to help you purchase a home?
The links above will answer all your questions on how to report this to the IRS.
Form 8857 Request for Innocent Spouse Relief Are you being unduly burdened by
debts that you didn't know about that were incurred by a former spouse? Then you might want to review this form and see if any relief is available for you.
Publication 530 Tax Information for First-Time Homeowners Did you just buy a home? Then your agent should have provided you with this handy publication. It explains the ins and outs of tracking the finances of your newest investment.