Since Congress passed the tax credit last February as part of the stimulus program, more than 1.4 million buyers have scrambled to take advantage of it, according to the IRS.
All a buyer had to do was file an amendment to their 2008 tax returns, and claim their refund of 10% of the purchase price -- up to $8,000.
However, "buyer beware".....everything came to a screeching halt on November 6th 2009.
November 6th is the date that the rules changed because an extended -- and expanded -- version of the homebuyer tax credit went into effect. And that put filing for the credit on hold.
So, you may want to share this with your buyers.. We will just have to have some patience, and hopefully it will work to their advantage, sooner or later.
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