photo courtesy of RogueSun Media
I knew it was coming, I just wondered when.
I've been spending the last few months feeling very concerned over things I was seeing in my Google Analytics regarding the First Time Home Buyer Tax Credit. I've talked a lot about the credit as you can see in my post, "First Time Home Buyer Tax Credit - The Big Picture From Start to Finish(?)" and because the First Time Home Buyer Tax Credit seemed to cause so much confusion, I felt it my job to try and make sure my readers, clients, and friends understood the IRS regulations governing the credit. I have seen a lot of keyword searches in Google Analytics that make me think there a lot of people out there that might fear they have committed fraud with the First Time Home Buyer Tax Credit.
The IRS is making it clear and cracking down.
In an effort to make sure people understand that they can't commit fraud in regards to the First Time Home Buyer Tax Credit, the IRS has stepped up its efforts to warn the taxpayer and prosecute the fraudsters. In a recent news release (July 29, 2009), the IRS announced its first successful prosecution and several search warrants and ongoing investigations into taxpayers falsely claiming the First Time Home Buyer Tax Credit.
Please seek the advice of a qualified and trusted tax professional before claiming the First Time Home Buyer Tax Credit.
Remember, you must close on your new home by December 1st to claim the First Time Home Buyer Tax Credit. If you'd like to speak with me about searching for your new home in San Antonio and getting pre-approved, pick up the phone or your keyboard and contact me.
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Matt Stigliano, Realtor® Becker Properties | (210) 646-HOME | www.RErockstar.com
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