Yes, you can do that HOWEVER we are advising clients NOT to do it….. The IRS has announced that an amended return (for any reason) is taking 16 to 20 weeks to process (it is because of this $8,000 credit that the system is bogged down). Today is Nov 20, 2009. If it takes the […]
Read More… from Amending 2008 for the $8,000 First Time Homebuyer Credit
It will not lapse on Nov 30th. If the sales contract is signed by April 30, 2010 and CLOSED by June 30, 2010 you qualify for the extended credit. […]
Read More… from First Time Homebuyers Credit EXTENDED to April 30, 2010
If you’ve owned a home for 5 out of the last 8 years CONSECUTIVELY, you qualify for a tax credit up to $6,500 if you purchase another PRIMARY RESIDENCE aftter November 6, 2009 and before May 1, 2010. The EXISTING Home Owner’s credit of up to $6,500 and the First Time Home Buyer’s Credit of up […]
Read More… from Homebuyers Tax Credit for EXISTING Home Owners!
