Industry News
May 18, 2010
FTB Homebuyer Tax Credit Instructions
Instructions for the Form 3549-A used by homebuyers applying for tax credits that began on May 1st now specifically state that the buyer has the ultimate responsibility to timely file a completed form. Section F of the Instructions indicate that while it is best that the escrow company, on behalf of the buyer, fax the completed application and settlement statement, the ultimate responsibility in on the buyer.
