Homebuyer Tax Credit Oversight and Accountability Act of 2009

Summary

Homebuyer Tax Credit Oversight and Accountability Act of 2009 - Amends the Internal Revenue Code, with respect to the first-time homebuyer tax credit, to: (1) deny such credit to taxpayers under the age of 18; (2) require taxpayers claiming such credit to attach to their returns a properly executed copy of the settlement statement used to purchase their residence and a certified statement of their eligibility for such credit from the real estate broker, settlement agent, or mortgage lender; and (3) prohibit a credit for residences acquired from a spouse. Requires the Commissioner of Internal Revenue to investigate, prosecute, and provide quarterly reports on instances of fraud related to the first-time homebuyer tax credit. Requires tax return preparers to file tax returns electronically unless they reasonably expect to file 100 or fewer individual income returns in a calendar year.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 26 October 2009

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 26 October 2009

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• Introduced in Senate

  summary · EN · 26 October 2009

  Open at official source

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