What is the definition of a first-time home buyer?The law defines "first ... residence, neither you nor your spouse qualifies for the first-time home buyer taxcredit. However ... Read more
Probably not since it has to be for a home that you have purchased and the home ... on the topic of the taxcredit program can be found on the following website ... Read more
Have not heard anything about extending the credit. Dana Schuster You ... (562)_756-4144 Karen Miller, Realtor BREAKING NEWS on the taxcredit issue - read the blog below ... Read more
Hello Ltb and thanks for your question.Of course you can amend your taxe ... do that for up to three years after filing. However, please remember that the $7500 taxcredit ... Read more
That definitely sounds like an interesting CPA question. I will be watching thi ... tax specialist to answer. Otherwise, when you get the advice from your CPA will you please share ... Read more
You need to consult your accontant but I would say date of closing. Laura ... January 1 or later, you cn claim the 2009 credit.All tax prorations are based upon the closing date ... Read more
The seller can assist you with closing costs! Talk to your agent or the mortgag ... for details on your specific situation.This credit is not related to the federal taxcredit of $7500! So ... Read more
Heather,Did you buy the home already? If so you will not have to start ... this taxcredit was explained along with some other mechanisms for facilitating the purchase of a home ... Read more
Anthony:Congratulations on the purchase of your new home. I know you ... of enjoyment. Home ownership is still the American Dream.My understanding is that the $7500 taxcredit ... Read more
P.R., you may file an amended 2008 tax return on Form 1040X. (Form 1040X is ... ,000 or $150,000 per couple. Also, if you are purchasing with another individual, you can split the taxcredit ... Read more
Currently, you have a little over 120 days to find, finance and close a home to ... for the $8000 taxcredit. Certain agencies have either grant money or advance money to allow it for downpayment ... Read more