Important information FOR SOME WHO TOOK THE 2008 TAX CREDIT, it may be time to start the REPAYMENT OF THE up to $7,500.
Read the article "Home Buyer Tax Credit Repayment Begins For 2008 Buyers" RISMedia February 16, 2011.
This article explains in some detail how you should consult with a tax professional and that you will also be receiving a letter of notification from the Internal Revenue Service.
There were different Tax Credits offered in 2008, 2009 and 2010, some do NOT require REPAYMENT.
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REPAYMENT STARTS FOR SOME WHO TOOK THE 2008 $7,500 TAX CREDIT consult your tax professional.
This blog is for informational purposes only and is not intended as legal or tax advice. An Attorney, CPA or other specialist should be consulted for specific needs.
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