First Time Tax Credit

You’ve bought your new home and amended your tax return and now you wait. And wait. 1.4 million tax payers are waiting with you.

According to the Daily Real Estate News, the IRS is experencing higher than normal the number of amended returns and that the IRS does these returns by hand, hence long delays.

We can expect delays to continue and maybe get worse, since the tax credit has been extended and includes home owners now.