If you are a first time home buyer and made a purchase last year or this year you need to know that the IRS will not accept electronic filing of your taxes. After over 90,000 fraudulent claims, according to the Treasury, the IRS is changing the filing requirments. Here is information from the IRS' "First-Time Homebuyer Credit" page online.

The IRS has created form 5405. Check the rules and requirements to get this tax credit on the First-Time Homebuyer Credit page above to be sure you qualify.

Did you know that if you sell your house within three years of purchase you may have to pay that tax credit back?

If you have not made your first time home buyer purchase, you have until April 30th to have a binding contract in place and you MUST close by June 30th, 2010!