The deadline for the Federal Tax credit for first time home buyers and repeat home buyers is approaching. If you want to take advantage of this benefit, you have until April 30, 2010.
The IRS recently clarified which documentation taxpayers need to submit to claim the credit. While the Form 5405 is still required, it is not demanding that all parties signatures be on the HUD-1 settlement statement in situations where buyer and sellers signature is not a common practice at closing. In Maine, however, both parties are required to sign the HUD-1.
Specifically, the IRS clarification states: “In areas where signatures are not required on the settlement document, the IRS has clarified that it will accept a settlement statement if it is completed and valid according to local law. … The IRS encourages those buyers to sign the settlement statement prior to attaching it to the tax return.”
Posted by: Michael Sosnowski
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Recently released, the
According to the board, buildings of four stories, such as the proposed hotel, must include an amount of year-round dwellings equal to the size of the fourth floor. Mr. Walsh maintained that, according to the LUO, the number of year-round dwellings is calculated by another measure, and that he had met that measure with his plans.
Looks like development of the former Jordan’s meat plant might be taking shape.
The Portland International Marine Terminal will receive $5 million in federal economic stimulus funds to improve pier access and cargo operations. The Port of Searsport will receive $7 million for new equipment, including a heavy-lift mobile harbor crane. The Port of Eastport will receive $2 million for a warehouse, conveyor equipment and storage pad.
Revisions to Section 14-526(a) of the City Code, Site Plan Standards.
The new owners formed the company Old Port Hospitality LLC to make the purchase. They also own the Opeechee Construction company located in Belmont, NH. Although the terms of the transaction were not disclosed, it is believed the final price was significantly below the listed amount of $4.75 million.