Wednesday, November 4, 2009

TNH Reoccupied

Due to President Obama's offer to stimulate the economy, the Norwood House was repurchased by its original members hoping to somehow claim the $8000. Michael Hanley, Cincinnati resident, was quoted as saying "TNH holds a very special meaning to all of us. Hopefully we can come back together and recreate TNH into what it once was." Hanley hopes that the publishing of this article will bring publicity and interest back to TNH. He also added that long time member Ian Robert Frank was found on a moth-riddled cot, sleeping in the garage of TNH, as he desperately tried to hold onto the original mission of the house. Good luck to everyone.


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Anonymous said...

Welcome back... I thought that I would provide some tax advice... I think you are okay as "long-time residents"... so claim away...
here you go..."Expansion of the credit: Effective for home purchases after November 6, 2009, a smaller credit is also available to "long-time residents of the same principal residence." In other words, you don't have to be buying a home for the first time to claim a credit of up to $6,500 ($3,250 for married taxpayers filing separately). How does the law define "long-time residents?" To qualify, a homeowner must have owned and used the same principal residence for any consecutive five-year period in the eight-year period that ends with the new home purchase date. Simple... in Obama's America anything is possible

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