|Jose Cohen, C.P.A.|
Buying a House? Get an Extension!
Monday, 03.23.2009, 02:12pm (GMT)
Have you bought a new home in 2009 (for the first time or after not having owned a home as your principal residence for 3 years), or know someone who did, or are planning to buy a home before December 2009?
If the home has already been purchased, a refundable IRS tax credit of $8,000 can be taken on your 2008 income tax return if your return has not yet been filed, OR an AMENDED 2008 return can be filed to get the cash back now.
If you plan to buy a home later in the year, you should consider filing an extension to file your tax return until after the home is purchased. Our firm can file an amended return for you now so you can get your cash as soon as possible and do not have to wait until filing your 2009 return next year.
Note: There are income limits for claiming the credit:
Jose Cohen (by way of my friend Joseph)