Tax Notes - IRS Clarifies Rules About Helping With Housing Downpayments

May 5, 2006 by Chuck | 0 Comments

The IRS has clarified the rules about non profit organizations offering “tax favored” assistance to low income folks needing assistance with buying a home.

While this seemed like a useful and legal tool for helping sell stalled real estate, clarifications have been issued which might kill things all together.

If you’re in real estate investing, FYI…

Here is the document from IRS.gov

In Real Estate

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