Yes, it’s tax day.
But for buyers, April 15 also signals the start of the final countdown for the Home Buyer Tax Credit.
There are only 15 days left to negotiate a price and complete a fully executed Purchase Contract for a property you intend to buy if you plan to qualify for the credit created by 2009′s Worker, Homeownership and Business Assistance Act.
To qualify, you must have a binding sales contract in place by April 30, 2010, and the home purchase must be completed by June 30, 2010. If you have questions about the credit, there is a list of FAQs at www.federalhousingtaxcredit.com.
And, if you forgot about tax day, you might find this helpful: IRS Form 4868 - Application for Automatic Extension of Time to File U.S. Individual Income Tax Return.
