If you purchased a home in 2008 and took advantage of the government’s First Time Home Buyer Credit, then you know that starting in 2010 you have to start paying it back in 15 equal installments.  It gets a bit confusing to know the balance on this interest free loan.  The IRS has released a […]

Remember when the homebuyer credit first came out? We thought it was a pretty cool offer. First time homebuyers were offered a credit of $7,500 on their 2008 tax return if they purchased their home after April 8th 2008 and before July 1st 2009. An offer the IRS had never previously made. There was quite […]

First-Time Homebuyer Credit: Questions and Answers, IRS Web Site IRS has posted a number of questions and answers on the first-time homebuyer credit on its web site. They are grouped into four categories: basic information; homes purchased in 2008; homes purchased in 2009; and scenarios. The following is what those Q&As have to say about […]