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Show Thursday, April 29, 2010 The Gunnison Valley Gazette Page 9 Deadline draws near to join 21,670 Utah first-time homebuyers More than 21,670 Utahns already have collected $161,409,356 in First-Time Homebuyer Credits. As the deadline draws near, the Internal Revenue Service reminds potential homebuyers that they must have a binding contract to purchase a home by April 30, 2010 and must close on that home by June 30, 2010 to qualify for the First-Time Homebuyer Credit. "This is a sizable tax credit. It would be unfortunate for any potential homebuyer to leave this money on the table simply because they missed the deadline," said Bill Brunson, IRS spokesperson. "If you're in the market, build your timeline accordingly to take advantage of this credit." Nationally, through midFebruary, nearly 1.8 million Americans had filed returns to collect $12.6 billion in tax credits for homes that they purchased in 2008 and 2009. The First-Time Homebuyer Credit provides up to $8,000 for taxpayers buying a new home if it is their first home or if they have not owned a home in the three years before the date of purchase. Legislation in 2009 expanded the credit to include long-time residents who purchase a new main home after Nov. 6, 2009. To qualify for this version of the credit, which is a maximum of $6,500, eligible taxpayers must show that they owned and lived in their old home for a five-consecutive-year period during the eight-year period ending on the purchase date of the new home. For married couples, both spouses must qualify in order to claim the credit. Income limits apply for single and married taxpayers. Buyers who purchased homes through Nov. 6, 2009 may qualify for the full credit if their modified adjusted gross income is $75,000 or less ($150,000 for joint filers). For purchases Nov. 7, 2009 or later, the full credit is available with MAGI up to $125,000 ($225,000 for joint filers). The credit is reduced for higher incomes and eventually phases out. The credit is fully refundable, meaning eligible taxpayers will be paid the credit even if they owe no tax or the credit is more than the tax owed. Taxpayers claiming a homebuyer credit must file a paper return and attach Form 5405, First-Time Homebuyer Credit and Repayment of the Credit, with additional docu- ments to verify the purchase. Although these taxpayers cannot file electronically, they can use IRS Free File or other tax-preparation software to prepare the return, which they can then print and mail to the IRS, along with required documentation. Qualifying buyers who purchased a home in 2009 could claim the credit on their 2008 or 2009 tax return. Qualifying taxpayers who purchase in 2010 have the option of claiming the credit on either their 2009 or 2010 tax return. Taxpayers who entered into a binding contract by April 30, 2010 to purchase a home by June 30, 2010 should attach a copy of the pages from the signed binding contract to make a purchase. Binding contracts should show all parties' names and signatures, the property address, the purchase price and the date of the contract. Homebuyers must attach a copy of a properly executed settlement statement, such as the HUD-1 form, for their purchase. These statements can vary by geographic area and local law and typically are not available for the purchase of a newly constructed home Classifieds BUILDING MATERIAL or a mobile home. For guidance on document requirements for these purchases, the IRS has prepared a Special Edition IRS Tax Tip 2010-05 that is available on the IRS. gov web site. (http://www. irs.govinewsroom/article/ 0„id=221032,00.html) The IRS recommends that taxpayers claiming the $6,500 credit for long-time residents buying a new main home attach documents that verify the five-consecutive-year period of homeownership such as Form 1098, Mortgage Interest Statement or substitute mortgage interest statements, property tax records or homeowner's insurance records. Members of the Armed Forces and certain federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and still qualify for the credit. Individuals who are eligible for this extension must enter into a binding contract to buy a home no later than April 30, 2011, and settle on the purchase by June 30, 2011. For more information about the First-Time Homebuyer Tax Credit and the documentation requirements, visit IRS .gov/recovery METAL ROOF/WALL Panels, Pre-engineered Metal Buildings. Mill prices for sheeting coil are at a 4 year low. You get the savings. 17 Colors prime material, cut to your exact length. CO Building Systems 1-800-00BLDGS (ucan) BUSINESS OPPORTUNITIES A CASH COW! Soda/SnackAll cash vending business - $20,565 - 801.593.0084 (ucan) ALL CASH VENDING! Do you earn $800 in a day? Your own local candy route. Includes 25 machines and candy. All for $9,995. 1-888-745-3353 (ucan) HELP WANTED SLT - NEEDS CLASS A team drivers with Hazmat. $2,000 bonus. Split $.68 for all miles. Regional contractor positions available. 1-800-835-9471. (ucan) DRIVERS-REGIONAL CDL-A, Exp/HAZ endorsement, 11 western states, stable family owned 35 years+ Andrus Trans good pay! Good routes! Good people! 800-888-5838 or 866-806-5119 x1402 (ucan) SALES REPRESENTATIVE NEEDED. Most earn $50K-$100K or more. Contact our branch office, Megan Jolley at 801-255-7131 or e-mail rsimmons@insphereis.com . Visit www.insphereinsurancesolutions. com (ucan) MISCELLANEOUS HIGH SPEED INTERNET! Still waiting for high-speed where you live? Call WildBlue! Available virtually anywhere through satellite! Call now for a limited time special offer! 1-800-924-0016. (ucan) REAL ESTATE New Homes AT Used Prices! $29,990 to $69,800 2 and 3 BR Available 801-9737039 (ucan) Call 528-5178 to advertise in the Gazette Classifieds! Help Wanted Wanted For Rent Job Vacancies OLD FAMILY JOURNALS House for Rent South Sanpete School District 2, possibly 3 Bedrooms. Gas Heat. No Indoor Pets No Smoking Call Hal 435-979-0221 or 432-528-7867 Looking for any journals that can be copied that have information on Graham Douglas, Jr/Harriet Quinn or William Douglas/Annie Cooper. Years 1860-1940. They lived in Gunnison/Ephraim/Axtell. Dick Douglas 760-819-9005 dick@lazertrix.com 39 South Main Manti, UT 84642 435-835-2261 The following positions have been declared open for the 2010-11 school year: Gunnison Valley High Public Notice Library and Technology Specialist (31.5 hours per week) EdNet Facilitator (up to 19.5 hours per week) Library/PE Aide (19.5 hours per week) Manti High FOR RENT CENTERFIELD The Centerfield City Council will hold a Public Hearing in conjunction with their regular meeting on Thursday May 6, 2010 with the Council Meeting beginning at 7:00 p.m. and the Public Hearing beginning at 7:15 p.m. The reason for this Public Hearing is to take comment from concerned citizens on David Madsen's new gravel pit in the county East of 500 East and Center Street. All citizens are invited to attend. Financial Literacy Teacher (3 periods) Coaching available Family and Consumer Science Teacher (CTE) (4.5/7 contract) Coaching Available Counselor (1/2 time contract) Custodian (Full-time) State Retirement & Health Benefits included Ephraim Middle English Teacher Grade 6-8 (Full-time contract) State Retirement & Health Benefits included Custodian (Full-time) State Retirement & Health Benefits included For more information on the jobs listed above please go to the South Sanpete School District website for full job descriptions, qualifications, and application forms. If you cannot access the website, job descriptions and application forms can be obtained at the School District Office or call Brenan Jackson at 435-835-2261 for further information. www.ssanpete.k12.ut.us 3 BEDROOM, 2 BATH MODULAR, GREAT CONDITION, NO SMOKING/PETS $650.00/MONTH 435-638-7551 OR 435-851-0504 $350.00 DEPOSIT In compliance with the ADA, those citizens needing assistance need to notify the city 48 hours before the scheduled meeting at 435-528-3296. APARTMENT FOR RENT CENTERFIELD Dated this 23rd day of April, 2010 /s/Debra L. Hansen, City Recorder for rent in Centerfield. Newly remolded. Refrigerator and stove. Sewer, water and garbage paid. Call 435-979-1239 or 208-390-1758 2 Bedroom apatiment GVG 4/29-5/6/10 South Sanpete School District is an equal opportunity employer and does not discriminate based upon race, color, religion, sex, age, national origin, or disability. GVG 4/22-4/29/10 Reach 1000 Households with the Gazette Classifieds! Service Directory INTING IN Free Estimates! Saturday Noon - 7 p.m. - Open Swim Office (435)528-5372 • Cell (801)599-8230 Donaldson Insurance Agency. Inc. 558 South Main St. PO Box 305 Gunnison, UT 84634 Tami Hansen, CPA 192 South Main, Gunnison 435-528-5730 Fax: 435-528-5437 BLAKE DONALDSON MARLO TAYLOR Your Independent Agent Ph: (435) 528-7253 • Fax: (435) 528-4282 Toll Free: (800) 978-2121 Home: (435) 528-3563 Get up to $1,500 Federal Tax Credit & a $300 Rebate from Questar Gas with the installation of a new 95% high efficiency Bryant furnace. DR. DARIN ,04,_ your comfort specialists Call or stop by today for a FREE estimate EYE CENTER CICO i'f1/1'1- (17-4c, . A ,,ss omicoNnino • 528-3988 50 East Highway 89 • Gunnison Call Mark 528-5178 Fax 528-5179 R. CUMMINGS 43 East 450 North Ephraim, Utah 84627 (435) 283-5555 On-Site Optical azette GUNNISONT VALLEY Cir Silver Creek Computers 28 N. Main, Ephraim • 283-4396 We sell new computers! We fix SiCK Computers! We fix Laptops! Open 10-6 Monday - Friday 10-2 Saturdays QuickBooks • Payroll • Consulting • Taxes SAVE MONEY NOW! Hat:4 Just $12 a week! 6 - 9:30 a.m. - Lap Swimming/Exersize Only 7 - 7:30 a.m. - Arthritis Class 3:30 - 8 p.m. - Open Swim 8 - 9 p.m. (Tue-Wed-Thur)- Lap Swimming/Exersize Only CENTERFIELD, UTAH 10:11 FA=.4 , Service Directory Monday - Friday "QUALITY PAINTING FOR OVER 25 YEARS" Auto Home Business Life Farm Sr-22 Health Advertise in the Gunnison Valley Swimming Pool *-* ismicsr-fs 435.1357.540a El RUSSELL ben@hillsports.net E ftw a'61' 5- pumV |