Wednesday, December 30, 2009

NEW YEARS IN THE BEGINNING

Since I have been covering some of our holidays, I thought I would look up New Years and see what I could find. I found an excellent article on line by: Jerry Wilson Copyright © 1997-2009


Enjoy!
ANCIENT NEW YEARS


The celebration of the new year is the oldest of all holidays . It was first observed in ancient Babylon about 4000 years ago. In the years around 2000 BC, the Babylonian New Year began with the first New Moon (actually the first visible cresent) after the Vernal Equinox
(first day of spring).

The beginning of spring is a logical time to start a new year. After all, it is the season of rebirth, of planting new crops, and of blossoming. January 1, on the other hand, has no astronomical nor agricultural significance. It is purely arbitrary.

The Babylonian new year celebration lasted for eleven days. Each day had its own particular mode of celebration, but it is safe to say that modern New Year's Eve festivities pale in comparison. The Romans continued to observe the new year in late March, but their calendar was continually tampered with by various emperors so that the calendar soon became out of synchronization with the sun. In order to set the calendar right, the Roman senate, in 153 BC, declared January 1 to be the beginning of the new year. But tampering continued until Julius Caesar, in 46 BC, established what has come to be known as the Julian Calendar. It again established January 1 as the new year. But in order to synchronize the calendar with the sun, Caesar had to let the previous year drag on for 445 days.

THE CHURCH'S VIEW OF NEW YEAR CELEBRATIONS

Although in the first centuries AD the Romans continued celebrating the new year, the early Catholic Church condemned the festivities as paganism. But as Christianity became more widespread, the early church began having its own religious observances concurrently with many of the pagan celebrations, and New Year's Day was no different. New Years is still observed as the Feast of Christ's Circumcision by some denominations.
During the Middle Ages, the Church remained opposed to celebrating New Years. January 1 has been celebrated as a holiday by Western nations for only about the past 400 years.

NEW YEAR TRADITIONS
Other traditions of the season include the making of New Year's resolutions. That tradition also dates back to the early Babylonians. Popular modern resolutions might include the promise to lose weight or quit smoking. The early Babylonian's most popular resolution was to return borrowed farm equipment.
The Tournament of Roses Parade dates back to 1886. In that year, members of the Valley Hunt Club decorated their carriages with flowers. It celebrated the ripening of the orange crop in California. Although the Rose Bowl football game was first played as a part of the Tournament of Roses in 1902, it was replaced by Roman chariot races the following year. In 1916, the football game returned as the sports centerpiece of the festival.

The tradition of using a baby to signify the new year was begun in Greece around 600 BC. It was their tradition at that time to celebrate their god of wine, Dionysus, by parading a baby in a basket, representing the annual rebirth of that god as the spirit of fertility. Early Egyptians also used a baby as a symbol of rebirth.

Although the early Christians denounced the practice as pagan, the popularity of the baby as a symbol of rebirth forced the Church to reevaluate its position. The Church finally allowed its members to celebrate the new year with a baby, which was to symbolize the birth of the baby Jesus. The use of an image of a baby with a New Years banner as a symbolic representation of the new year was brought to early America by the Germans. They had used the effigy since the fourteenth century.

FOR LUCK IN THE NEW YEAR

Traditionally, it was thought that one could affect the luck they would have throughout the coming year by what they did or ate on the first day of the year. For that reason, it has become common for folks to celebrate the first few minutes of a brand new year in the company of family and friends. Parties often last into the middle of the night after the ringing in of a new year. It was once believed that the first visitor on New Year's Day would bring either good luck or bad luck the rest of the year. It was particularly lucky if that visitor happened to be a tall dark-haired man.
Traditional New Year foods are also thought to bring luck. Many cultures believe that anything in the shape of a ring is good luck, because it symbolizes "coming full circle," completing a year's cycle. For that reason, the Dutch believe that eating donuts on New Year's Day will bring good fortune.
Many parts of the U.S. celebrate the new year by consuming black-eyed peas. These legumes are typically accompanied by either hog jowls or ham. Black-eyed peas and other legumes have been considered good luck in many cultures. The hog, and thus its meat, is considered lucky because it symbolizes prosperity. Cabbage is another "good luck" vegetable that is consumed on New Year's Day by many. Cabbage leaves are also considered a sign of prosperity, being representative of paper currency. In some regions, rice is a lucky food that is eaten on New Year's Day.

AULD LANG SYNE

The song, "Auld Lang Syne," playing in the background, is sung at the stroke of midnight in almost every English-speaking country in the world to bring in the new year. At least partially written by Robert Burns in the 1700's, it was first published in 1796 after Burns' death. Early variations of the song were sung prior to 1700 and inspired Burns to produce the modern rendition. An old Scottish tune, "Auld Lang Syne" literally means "old long ago," or simply, "the good old days." The lyrics can be found here.

Saturday, December 26, 2009

FOR SALE-3332 Kenbrook Ave - Las Vegas, NV 89121

Welcome Home - Nearly 3000 s.f. of Living Space for $149,900!

Enjoy 3 bedrooms, 3 baths with 2 car garage.

Downstairs Master Bedroom a PLUS!
All appliances included, home warranty too.
Private patio, great for barbecues and family gatherings.


Owner owned, so quick reponse is easy!
No waiting for long bank time responses or short sale approvals
by the banking systems, just an old fashioned buyer, seller transaction.

Great community with pool, spa, clubhouse, RV Boat parking area, tennis courts, children play/park area, it's gated and much more.

Great Buy, call today and see today!
Kim Duclos
(702) 521-3939
(888) 949-2890


Hanukkah,

I found the history of Hanukkah on-line and wanted to share. There is a link at the bottom of the post for a short video - I enjoy learning new things about people and our world; I hope you do too.

Hanukkah is celebrated for eight days and nights, starting on the 25th of Kislev on the Hebrew calendar (which is November-December on the Gregorian calendar).

In Hebrew, the word "Hanukkah" means "dedication."


The holiday commemorates the rededication of the holy Temple in Jerusalem after the Jews' 165 B.C.E. victory over the Hellenist Syrians. Antiochus, the Greek King of Syria, outlawed Jewish rituals and ordered the Jews to worship Greek gods.


In 168 B.C.E. the Jews' holy Temple was seized and dedicated to the worship of Zeus.
Some Jews were afraid of the Greek soldiers and obeyed them, but most were angry and decided to fight back.


The fighting began in Modiin, a village not far from Jerusalem. A Greek officer and soldiers assembled the villagers, asking them to bow to an idol and eat the flesh of a pig, activities forbidden to Jews. The officer asked Mattathias, a Jewish High Priest, to take part in the ceremony. He refused, and another villager stepped forward and offered to do it instead. Mattathias became outraged, took out his sword and killed the man, then killed the officer. His five sons and the other villagers then attacked and killed the soldiers. Mattathias' family went into hiding in the nearby mountains, where many other Jews who wanted to fight the Greeks joined them. They attacked the Greek soldiers whenever possible.

Judah Maccabee and his soldiers went to the holy Temple, and were saddened that many things were missing or broken, including the golden menorah. They cleaned and repaired the Temple, and when they were finished, they decided to have a big dedication ceremony. For the celebration, the Maccabees wanted to light the menorah. They looked everywhere for oil, and found a small flask that contained only enough oil to light the menorah for one day.


Miraculously, the oil lasted for eight days. This gave them enough time to obtain new oil to keep the menorah lit.


Today Jews celebrate Hanukkah for eight days by lighting candles in a menorah every night, thus commemorating the eight-day miracle.
Kim Duclos
Coldwell Banker Wardley
(888) 949-2890

Wednesday, December 23, 2009

The History of Kwanzaa

Dr. Maulana Karenga, professor and chairman of Black Studies at California State University, Long Beach, created Kwanzaa in 1966. After the Watts riots in Los Angeles, Dr. Karenga searched for ways to bring African-Americans together as a community. He founded US, a cultural organization, and started to research African "first fruit" (harvest) celebrations. Karenga combined aspects of several different harvest celebrations, such as those of the Ashanti and those of the Zulu, to form the basis of Kwanzaa.

The name Kwanzaa is derived from the phrase "matunda ya kwanza" which means "first fruits" in Swahili. Each family celebrates Kwanzaa in its own way, but celebrations often include songs and dances, African drums, storytelling, poetry reading, and a large traditional meal. On each of the seven nights, the family gathers and a child lights one of the candles on the Kinara (candleholder), then one of the seven principles is discussed.

The principles, called the Nguzo Saba (seven principles in Swahili) are values of African culture which contribute to building and reinforcing community among African-Americans.


Kwanzaa also has seven basic symbols which represent values and concepts reflective of African culture. Click here for the symbols.

An African feast, called a Karamu, is held on December 31.
The candle-lighting ceremony each evening provides the opportunity to gather and discuss the meaning of Kwanzaa. The first night, the black candle in the center is lit (and the principle of umoja/unity is discussed).
One candle is lit each evening and the appropriate principle is discussed.




Information retrieved 12/23/09 from History.com

Sunday, December 20, 2009

History of Christmas


I came across and article on History.com about Christmas and thought I would share it with you.

Christmas has had a long and varied history. It has been celebrated for centuries by different people, at different times, in different places, and in many different ways. Here you will find links to information about the different ways that the holiday we know as Christmas has been celebrated, or not celebrated, over the years.




Enjoy the Holidays and stay safe!


Kim Duclos

Monday, December 14, 2009

HANDBOOK 2010


Health:


1. Drink plenty of water.


2. Eat breakfast like a king, lunch like a prince and dinner like a beggar.


3. Eat more foods that grow on trees and plants and eat less food that is manufactured in plants..


4. Live with the 3 E's -- Energy, Enthusiasm and Empathy


5. Make time to pray.


6. Play more games


7. Read more books than you did in 2009 .


8. Sit in silence for at least 10 minutes each day


9. Sleep for 7 hours. . . .


10. Take a 10-30 minute walk daily. And while you walk, smile.




Personality:


11. Don't compare your life to others. You have no idea what their journey is all about.


12. Don't have negative thoughts or things you cannot control. Instead invest your energy in the positive present moment.


13. Don't over do. Keep your limits.


14. Don't take yourself so seriously. No one else does.


15. Don't waste your precious energy on gossip.


16. Dream more while you are awake


17. Envy is a waste of time. You already have all you need..


18. Forget issues of the past. Don't remind your partner with His/her mistakes of the past. That will ruin your present happiness.


19. Life is too short to waste time hating anyone. Don't hate others.


20. Make peace with your past so it won't spoil the present.


21. No one is in charge of your happiness except you.


22. Realize that life is a school and you are here to learn. Problems are simply part of the curriculum that appear and fade away like algebra class but the
lessons you learn will last a lifetime.


23. Smile and laugh more.


24. You don't have to win every argument. Agree to disagree...




Society:


25. Call your family often.


26. Each day give something good to others.


27. Forgive everyone for everything..


28. Spend time w/ people over the age of 70 & under the age of 6.


29. Try to make at least three people smile each day.


30. What other people think of you is none of your business.


31. Your job won't take care of you when you are sick. Your friends will. Stay in touch.




Life:


32. Do the right thing!


33. Get rid of anything that isn't useful, beautiful or joyful.


34. GOD heals everything.


35. However good or bad a situation is, it will change..


36. No matter how you feel, get up, dress up and show up.


37. The best is yet to come..


38. When you awake alive in the morning, thank GOD for it.


39. Your Inner most is always happy. So, be happy. Last but not the least:


40. Please Share these words of wisdom with those you care about


Take advantage of all there is available to you in real estate in 2010! Real property is a good investment!




Call Kim @ (702) 521-3939 or
toll free @ (888) 949-2890

Saturday, December 12, 2009

Government Announces Short Sales Guidelines

The U.S. Treasury Department announced new guidelines this week designed to make short sales go more smoothly.


To qualify under these new guidelines:
The property must be the home owner’s principal residence.
The home owner must be delinquent on the mortgage or close to defaulting.
The loan must have been made before Jan. 1, 2009, and be for less than $729,750.
The borrowers’ total monthly mortgage payment must exceed 31 percent of their before-tax income.
Under the plan, borrowers will receive $1,500 from the government for selling homes for less than the amount of their mortgages.

Mortgage-servicing companies will get $1,000 for each completed short sale.
Second-mortgage holders can receive up to $3,000 of the sales proceeds in exchange for releasing their liens.

Investors who hold the first mortgage can collect up to $1,000 from the government for allowing the payments.
Borrowers who complete a short sale under the program must be "fully released" from future liability for the debt, according to the guidelines.


Source: Associated Press, J.W. Elphinstone (11/01/2009) and The Wall Street Journal, Ruth Simon (11/01/2009)

Thursday, December 10, 2009

3364 Knollwood CT - Single Story Town Home


Great Opportunity

Owner Owned, not bank owned or short sale

Great Buy!
Two Bedroom
Two Bath
private patio
2 car garage


Community with.....pool, spa, RV & Boat parking, tennis courts,
park like settings in community,clubhouse and gated.

Call and See Today!
see@www.CallKim.net
Call toll free @ 888-949-2890
Local direct @ 702-521-3939
Thank you,
Kim Duclos CRS GRI ABR
Coldwell Banker Wardley











Tuesday, December 1, 2009

Feng Shui Your Home for the Holidays!

Hello friends and neighbors! I was reading an interesting article by Karen Rauch Carter on Feng Shui your home for the Holidays! Whether feng shui is for you or not, it is an intersting read. Please find her article below.

Feng Shui Your Home for the Holidays
by Karen Rauch Carter

The holidays are the time of year you can temporarily add all kinds of chi-enhancing items to your home. Start by introducing yourself to the bagua (the feng shui road map) so you know where all of the key places in your home are.
Next, decide what your priorities are. For instance, do you want to have a harmonious family gathering this year? Add wood, such as a wreath or a Christmas tree, to the "family" area -- the left, center of your home or room.
Do you want to improve your health or someone's health in your family? Add fire or sparkling objects, such as stars, twinkling lights or ornaments to the "heath" area -- the center of your home or room. Or are you interested in getting more help from people around you? Add angels to the "helpful people" area -- the left, front area of your home or room.
Here are nine different ways you can make a difference in your life -- just by adding your favorite holiday decorations. Just decide which area (or two!) needs the most help:
Career
Family
Respect
Health
Children and Creativity
Money
Helpful people
Wisdom
Romance
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Friday, November 13, 2009

I received these Crock Pot recipes from John R. of Minnesota


THIS WAS JUST TOO COOL NOT TO SHARE WITH EVERYONE I KNOW THAT YOU MAY OWN A CROCK POT OR TWO....JUST CLICK ON THE ONE YOU WANT AND IT OPENS A FILE WITH THAT RECIPE !!!

Crock Pot - Beef
All Day Crock Pot Beef
Beef and Broccoli Stir-Fry
Beef and Pasta Casserole
Beef Diablo
Beef Fajitas
Beef Ragout Over Rice
Beef Tips
Beer Braised Beef in Crock Pot
Burritos Crock Pot Style
California Tamale Pie
Cattleman's Beef and Beans
Cheeseburger Sandwiches
Cheesy Meat Loaf
Chili Beer Brisket of Beef
Classic Swiss Steak
Complete Crock Pot Dinner
Corned Beef and Cabbage
Country Swiss Steak
Cowboy Casserole
Cranberry Pork Roast
Crock Pot Beef Burgundy
Crock Pot Beef 'n Peppers
Crock Pot Beef with Mushrooms
Crock Pot Beef Roast
Crock Pot Cabbage Rolls
Crock Pot Corned Beef and Cabbage
Crock Pot Creole Steak Strips
Crock Pot Delight
Crock Pot Easy Swiss Steak
Crock Pot Enchiladas
Crock Pot Fajitas
Crock Pot Fajitas II
Crock Pot Italian Beef
Crock Pot Meatballs
Crock Pot Rump Roast
Crock Pot Sauerbraten
Crock Pot Spaghetti Sauce
Crock Pot Swiss Steak
Crock Pot Taco Casserole
Fiesta Tamale Pie
Glazed Corned Beef
Glazed Corned Beef #2
Harvest Dinner
Harvest Pot Roast with Tomato-Wine Sauce
Hot-and-Spicy Sloppy Joes
Lean Crock Pot Beans
Nina's Beef and Beans
Pot Roast Dinner
Old Time Beef Stew
Pot Roast with Noodles
Ranch Style Beef
Reuben Casserole
Roast Cooked with Coke
Roast with Veggies
Sage Pot Roast
Salsa Swiss Steak
Savory Pepper Steak
Savory Stewed Beef
Slow-Cooked Beef Stifado
Slow Cooked Pepper Steak
Slow Cooked Steak Rolls
Slow Cooked Swiss Steak Supper
Slow Cooker Italian Spaghetti Sauce
Slow Cooker Lasagna
Slow Cooker Swiss Steak
Slowly Deviled Beef
Smothered Steak Strips
Spaghetti Sauce Italiano
Spicy Wine Pot Roast
Stuffed Cabbage Casserole
Stuffed Pasta Shells
Swiss Bliss
Swiss Steak
Teriyaki Steak
Three Pepper Steak
Three-Way Beef
Yankee Pot Roast and Vegetables








Crock Pot - Soup, Stew & Chili
Barley Soup
Bean Soup Italiano
Beef-Barley Stew
Beef Chowder
Beef Ragout
Black Bean Chili with Beef
Busy Day Stew
Calico Ham and Bean Soup
Chicken and Vegetable Chowder
Chicken Vegetable Chowder
Chili
Chili con Queso
Confetti Yellow Pea Soup
Cowboy Sausage & Beans
Crock Pot Bean Soup
Crock Pot Beef Barley Soup
Crock Pot Beef Stew
Crock Pot Beef Stew #2
Crock Pot Beef Stew #3
Crock Pot Beef Vegetable Soup
Crock Pot Chicken Corn Soup
Crock Pot Chowder
Crock Pot Broccoli Soup
Crock Pot Chili
Crock Pot Chili #2
Crock Pot Cock 'n Bull Stew
Crock Pot Corn Chowder
Crock Pot Dumpling Soup
Crock Pot French Onion Soup
Crock Pot Hamburger Soup
Crock Pot Hearty Beef Stew
Crock Pot Homemade Chicken Soup
Crock Pot Onion Soup
Crock Pot Potato Soup
Crock Pot Split Pea Soup
Crock Pot Stew
Crock Pot Wild Rice Soup
Debbie's Potato Soup
Easy Crock Pot Chili
Favorite Beef Stew
Greek Beef Stew
Healthy Chili in Crock Pot
Hearty Bean Soup
Italian Bean Soup
Italian Sausage Vegetable Soup
Jolene's Chili
Lentils & Vegetable Stew
Low-Fat Potato Soup
Minestrone Soup from the Crock Pot
Navy Bean Bacon Chowder
Polish Hunter Soup
Pork Chop Stew
Possum Lodge Firehouse Chili
Potato and Mushroom Chowder
Ranch Style Stew
Red Beans, Barley & Sausage Stew
Slow Cooked Texas Stew
Slow Cooked Two Meat Chili
Slow Cooked Tex-Mex Chili
Slow Cooker Mexican Beef Soup
Slow Cooker Mexican Beef Stew
Southwest Stew
Southwestern Corn Chowder
Southwestern Chicken and Bean Stew
Spicy Black and Red Bean Soup
Spicy Cajun Gumbo
Taco Soup
Tex-Mex Chili
Tomato-Bean Stew
Tortilla Soup
Vegetable Barley Soup
Vegetable Beef Barley Soup
Vegetable Gumbo
Vegetarian Split Pea Soup
Waldorf Astoria Stew



Wednesday, November 11, 2009

Hints to get a better nights sleep

As the holidays arrive, the pace gets more hectic and some of us can over do it! Here are 6 helpful hints to help you get more and better sleep.

1. Stop trying to achieve the perfect eight. The recommendation that we all need eight hours of sleep is a myth, however what each person needs can depend on your own makeup. A major study of more than one million adults conducted in 2002 by Daniel Kripke, M.D., at the University of California-San Diego found that sleeping seven hours a night was associated with lower death rates than sleeping eight hours or more. Keep in mind that these are long-term epidemiological studies -- it doesn't mean that crashing for 10 hours one night suddenly puts you into a high death-risk category. A 2004 study from Japan that monitored the sleep habits of more than 1,000 participants, ages 40 to 79, over a nine-year-period found that those who slept an average of nine hours a night had a higher risk of death than people who slept five; people who slept 10 hours had a higher risk than people who slept four. It's important for people with insomnia to understand that their insomnia is not going to kill them or make them sick. Part of what fuels the cycle of insomnia is the worry about lack of sleep. Taking the fear factor out is the first step. Also, it's important to not attribute lack of sleep to everything that might be going wrong in your life. "People need to understand that sleep is not the primary cause of all of their problems," cautions Donna Arand, Ph.D., clinical director of the Kettering Sleep Disorders Center.


2. Change your attitude. Swap out negative sleep thoughts (NSTs) with positive sleep thoughts (PSTs). NSTs are unconstructive, often exaggerated thoughts. Examples of NSTs include: "I'm dreading bedtime," "I can't sleep without a sleeping pill" or "I'm going to lose my job eventually if I can't sleep." NSTs are knee-jerk reactions. Sometimes you don't even know you're having them -- and that they're having a disastrous effect on your sleep. You need to learn to recognize them and then actively replace them with PSTs, like, "I need less sleep than I thought," "I always fall back to sleep sooner or later" or "My sleep is getting better and better." Sound hokey? Just try it: The little mantras we repeat in our brains have a much bigger impact than we think.


3. Stop giving yourself jet lag. If you use the weekends to make up for sleep you lost during the week, you're just fueling the cycle of insomnia. By Sunday night, you haven't been awake long enough (called "prior wakefulness") to be able to fall asleep at your normal time. You've basically induced jet lag. The best thing to do is to establish a regular rising time -- and stick to it, no matter what time you fall asleep. If you have the opportunity to nap during the day, even for just 10 minutes, you do it -- just limit it to 45 minutes and don't take it later than 4 p.m., or within six hours of bedtime.


4. Don't go to bed too early. Going to bed early in an attempt to "catch up" if you're not really tired will most likely leave you lying awake and growing more frustrated. If you can't fall asleep, or you wake up, get out of bed after 20 minutes, says Norah Vincent, Ph.D., associate professor at the University of Manitoba's department of clinical health psychology. "Have a place you go, and do something dull," she says. Only go back to bed when you're sleepy.


5. Your bed isn't the enemy. You want to turn your bed into a cue for sleep -- not wakefulness. When Vincent conducted a study on online-based CBT training, sleep restriction -- or not spending too much time in bed -- was key. Try to avoid doing anything else in bed (except sex), like watching TV, checking e-mail on your laptop or talking on the phone.


6. Find your relaxation response. Just as your body has a stress response (to fight or flee), it also has a relaxation response (RR). Try to channel your body's natural ability to calm down through relaxing the muscles, deep breathing (belly breathing, which is how we breathe when we sleep), imagery -- such as a favorite vacation spot, floating on a cloud, the beach, a mountain or any other place that feels peaceful to you -- and simply repeating mantras, words like "relax" or "peace." Practicing the RR throughout the day (10 to 20 minutes of practice a day is ideal) will help you become a pro when it's time to relax at night. Start by relaxing your muscles, and then move to noticing your breathing patterns and using a mantra or trying visual imagery.


Make it a great night!

Sunday, November 8, 2009

November 6, 2009 HOMEOWNER TAX CREDIT IS EXTENDED


First-Time Homebuyer Credit

Updated Nov. 6, 2009, to reflect new legislation
New Legislation:


New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts.


The new law:
Extends deadlines for purchasing and closing on a home.
Authorizes the credit for long-time homeowners buying a replacement principal residence.
Raises the income limitations for homeowners claiming the credit.
Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return.


For the first time, long-time homeowners who buy a replacement principal residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for a married individual filing separately). They must have lived in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased.


People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after Nov. 6, 2009. The credit phases out for individual taxpayers with modified adjusted gross income (MAGI) between $125,000 and $145,000 or between $225,000 and $245,000 for joint filers. The existing MAGI phase-outs of $75,000 to $95,000 or $150,000 to $170,000 for joint filers still apply to purchases on or before Nov. 6, 2009.


General Information
Homebuyers who purchased a home in 2008 or 2009 may be able to take advantage of the first-time homebuyer credit.

The credit: Applies only to homes used as a taxpayer's principal residence.
Reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar.
Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.
The credit is claimed using Form 5405, which you file with your original or amended tax return.

For 2008 Home Purchases
The Housing and Economic Recovery Act of 2008 established a tax credit for first-time homebuyers that can be worth up to $7,500. For homes purchased in 2008, the credit is similar to a no-interest loan and must be repaid in 15 equal, annual installments beginning with the 2010 income tax year.


For 2009 Home Purchases
The American Recovery and Reinvestment Act of 2009 expanded the first-time homebuyer credit by increasing the credit amount to $8,000 for purchases made in 2009 before Dec. 1.
For home purchased in 2009, the credit does not have to be paid back unless the home ceases to be the taxpayer's main residence within a three-year period following the purchase.
First-time homebuyers who purchase a home in 2009 can claim the credit on either a 2008 tax return, due April 15, 2009, or a 2009 tax return, due April 15, 2010. The credit may not be claimed before the closing date. But, if the closing occurs after April 15, 2009, a taxpayer can still claim it on a 2008 tax return by requesting an extension of time to file or by filing an amended return.
IN ORDER TO KEEP THE INFORMATION POSTED HERE TODAY AS ACCURATE AS POSSIBLE, I WENT DIRECTLY TO THE GOVERNMENT WEBSITE TO OBTAIN THE INFORMATION SHARED HERE TODAY. http://www.irs.gov/newsroom/article/0,,id=204671,00.html
KIM DUCLOS COLDWELL BANKER WARDLEY LAS VEGAS, NV http://www.callkim.net/