TIME IS RUNNING OUT - ACT NOW!!! First-Time Homebuyers TAX CREDIT! I am a REALTOR serving the AREAS AROUND THE LAKES, Trigg County, Christian County, Lyon County, Caldwell County and Marshall County. WASHINGTON — As part of the Treasury Department’s consumer outreach effort and with the April 15 individual tax filing deadline approaching, the Internal Revenue Service today began a concerted effort to educate taxpayers about additional options at their disposal to claim the new $8,000 first-time homebuyer credit for 2009 home purchases. For people who recently purchased a home or are considering buying in the next few months, there are several different ways that they can get this tax credit even if they’ve already filed their tax return. The Treasury Department encourages taxpayers to explore these options to maximize their credit and get their money back as fast as possible. “The new credit can get money in the pockets of first-time homebuyers quickly,” said IRS Commissioner Doug Shulman. “For people who recently purchased a home or are considering buying in the next few months, there are several different ways that they can get this tax credit even if they’ve already filed their tax return.” First-time homebuyers represent a significant portion of existing single-family home sales. The expansion in the first-time homebuyer credit will make it easier for first-time homebuyers to enter the housing market this year. Under the American Recovery and Reinvestment Act of 2009, qualifying taxpayers who purchase a home before Dec. 1 receive up to $8,000, or $4,000 for married individuals filing separately. People can claim the credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year. The filing options to consider are: File an extension. Taxpayers who haven’t yet filed their 2008 returns but are buying a home soon can request a six-month extension to October 15. This step would be faster than waiting until next year to claim it on the 2009 tax return. Even with an extension, taxpayers could still file electronically, receiving their refund in as few as 10 days with direct deposit. File now, amend later. Taxpayers due a sizable refund for their 2008 tax return but who also are considering buying a house in the next few months can file their return now and claim the credit later. Taxpayers would file their 2008 tax forms as usual, then follow up with an amended return later this year to claim the homebuyer credit. Amend the 2008 tax return. Taxpayers buying a home in the near future who have already filed their 2008 tax return can consider filing an amended tax return. The amended tax return will allow them to claim the homebuyer credit on the 2008 return without waiting until next year to claim it on the 2009 return. Claim the credit in 2009 rather than 2008. For some taxpayers, it may make more financial sense to wait and claim the homebuyer credit next year when they file the 2009 tax return rather than claiming it now on the 2008 tax return. This could benefit taxpayers who might qualify for a higher credit on the 2009 tax return. This could include people who have less income in 2009 than 2008 because of factors such as a job loss or drop in investment income. The IRS reminds taxpayers the amount of the credit begins to phase out for taxpayers whose modified adjusted gross income is more than $75,000, or $150,000 for joint filers. Taxpayers can claim 10 percent of the purchase price up to $8,000, or $4,000 for married individuals filing separately. IRS.gov provides more information, including guidance for people who bought their first homes in 2008. To learn more about the overall implementation of the Recovery Act, visit www.Recovery.gov. Check out: www.KathySellsKY.com Posted by Kathy DeCoursey on March 12, 2010 at 02:16 PM About Kathy DeCoursey Why you should choose me to sell your home. For most families, selling their home is one of the biggest financial decisions they will ever make. The process can be daunting, with many important questions that need to be answered. Choosing the best real estate agent to market and sell your home can make all the difference, turning an otherwise difficult, stressful process into a comfortable, informed experience that you are in control of. As a top Cadiz area real estate agent, I will make sure that you get the best price for your home, in the least amount of time. • I analyze and determine home values in the Cadiz market every day. As a top real estate expert in this market, I can help you determine exactly what your home is worth in the current market. Then, as an experienced professional, I'll market your home and negotiate on your behalf to sell your home at the best price possible. • I will aggressively market your home not just locally, but on a national basis. Through my professional contacts and affiliations, as well as my advanced technology tools, I can instantly put your home listing in all of the places qualified buyers are looking. Within minutes, I can alert every real estate agent in the Cadiz area, as well as national firms that specialize in helping people relocate to new areas. • I will come to your home and personally advise you of how to best prepare your home to get the highest price, in the shortest amount of time. • I will protect your best interests throughout the entire process. You can leverage my years of experience as a top real estate professional to answer all of your questions about every aspect of the selling and closing process. You will be informed and in control, every step of the way. It's my job to make sure your home selling experience is as comfortable and painless as possible! "Your Real Estate Friend" Kathy DeCoursey Cell #(270) 350-1382 E-mail: kathy@cadizrealty.com As of 03/14/10 the Kathy DeCoursey RePage is ranked at 159 with 1,705 points. The monthly top RePage owner will receive a cash prize. Help this agent by bookmarking this site and posting it to blogs and other Web pages and encourage others to visit.

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Local Information for Cadiz, KY

Latitude: 36.855231 -- Longitude: -88.354047

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ZIP Codes for Benton, Kentucky	42025
Area Code for Benton, Kentucky	270
Time zone for Benton, Kentucky	CST

Other Area Cities:   Mayfield, KY  Benton, KY 

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Benton is a city in Marshall County, Kentucky, United States. The population was 4,197 at the 2000 census. It is the county seat of Marshall CountyGR6. Shape-note singers gather annually at Benton on the fourth Sunday in May to sing from a tunebook called The Southern Harmony. This event, organized in 1884 and called The Big Singing or Big Singing Day, is considered by many to be the oldest indigenous musical tradition in the United States. Benton is also known for an annual festival called "Tater Day" at which Marshall Countians gather on the court square to eat, listen to music and political speeches. As of the census of 2000, there were 4,197 people, 1,767 households, and 1,111 families residing in the city. The population density was 411.3/km² (1,065.3/mi²). There were 1,922 housing units at an average density of 188.3/km² (487.8/mi²). -- Source: Wikipedia.com