Sharing the Credit-IRS Rules on Section 36 Provision

Published: Jan. 19, 2009, 12:26 p.m.

b'Last year when Congress added the first-time homebuyer credit found in Section 36, they included the ability for unmarried individuals who jointly acquire a residence to allocate the credit among themselves, and gave the IRS the ability to write the rules to allow this to happen.\\xa0 In Notice 2009-12 the IRS has outlined those rules, and they proved to be very taxpayer friendly.

The materials for the podcast can be downloaded at http://www.edzollars.com/2009-01-20_UnmarriedCredit.pdf .

The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com .
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