If you take the first time or move up home buyer tax credit, make sure you can provide eligibility documentation for the IRS.
It seems there are some people that took the credit that weren’t eligible. In an attempt to avoid this from happening in the future, the IRS has tightened the rules regarding this tax credit.
To take the home buyer tax credit, offers must be contracted by April 30, 2010 and must fund by June 30, 2010.
For more information regarding the home buyer tax credit eligibility, refer to a tax professional and/or the IRS.
byjoella 