It’s only November, but already reasons to file a tax extension next year are rearing their head.
On November 6, a new law that went into effect that extends the first-time homebuyer credit five months and expands the eligibility requirements for purchasers.
According to the IRS, The Worker, Homeownership, and Business Assistance Act of 2009 extends the deadline for qualifying home purchases from Nov. 30, 2009, to April 30, 2010. Additionally, if a buyer enters into a binding contract by April 30, 2010, the buyer has until June 30, 2010, to settle on the purchase.
