Article posting is reserved primarily for Industry experts. If you would like to apply for approval to post articles please use the "Contact Us" link at the bottom of the page.
Like most government legislation, the Nov 6, 2009 homebuyer tax credit extension created more questions than answers. However, according to Doug Geissler, CPA, the IRS is literally writing the “refund rules” as they go along. Unbeknown to homebuyers, real estate agents and the...
The IRS gets the final say when it comes to who gets to claim the homebuyer tax credit, who does not, and under what circumstances. They have made a feeble attempt to update some of the FAQs posted on their website http://www.irs.gov/newsroom/article/0,,id=206291,00.html but if...
With all of the creative financing options of the past several years one option that has been forgotten is the good old fashioned Mortgage Credit Certificate (MCC). In the early to mid 90’s the MCC was a popular tool for many first time homebuyers. Here are answers to some common...
