Homebuyer Tax Credit Extended

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Taxpayers who entered into a contract to purchase a home on or before April 30th now have until September 30th to close on the home. According to the IRS, anyone who is attempting to claim the homebuyer credit will need to comply with special filing and documentation requirements. See what other information you need to [...]

First time home buyer scores $8,000 tax credit

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There’s a nice windfall for some homebuyers in the economic stimulus bill signed into law this week by President Obama.

Who is eligible? Tax credit for First time home buyers only, no exception. Well, actually there is one exception: Buyers may not have owned a home for the past three years to qualify as “first time” [...]

When to receive an economic stimulus check if filed an extension?

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We all know about when people will receive their stimulus check if they filed their tax return before April 15, 2008 for tax year 2007. But when to receive an economic stimulus check if you filed an extension for tax return form 4868 (because dog ate my W2 form!!) and filed a tax after April [...]