Tuesday, January 26, 2010

Qualified for a home buyer tax credit? Expect refund delay

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Looking to weed out fraud, the Internal Revenue Service recently released new forms and instructions for taxpayers filing for the home buyer tax credit.

by Broderick Perkins
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Deadline Newsroom - Taxpayers filing for the homebuyer tax credit had better have all their verifying docs in a row if they expect to collect the windfall of up to $8,000.

Even with the correct documents, home buyers seeking the extended and expanded tax credit can't file electronically. So they can expect to wait to get their credit or any refund several weeks longer than taxpayers who aren't filing for the credit.

Read the full story here, on Sphere: "Filing for Homebuyer Tax Credit? Expect Refund Delay".

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