The IRS released the tax form required for claiming the new version of the home buyer tax credit on January 15th. If you’re planning on claiming the credit, know that the IRS will require documentation proving you purchased the home in the eligible period. Since this documentation will not be electronically submittable, you will have to file a paper return or amended return. In addition, due to the increased scrutiny of those claiming the credit, it may take 3-4 months to get the money. The good news is that this increased scrutiny will limit further fraud!
