Check out this great article by Kara McGuire from today's Star Tribune:
Home buyers holler: 'Show me the money!'Summarized, what McGuire tells us is that the large number of amended tax returns has caused a bit of a backup for the IRS. With 12 to 16 weeks of stockpiled tax credit requests, home buyers are beginning to demand their money. To compound the problem, 2% of the pending refunds are under examination for fraud. The best action to get your money is to wait and e-file your 2009 return. The IRS believes you will probably see your home buyer tax credit sooner than if you amend your 2008 taxes.
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Tami DeLand and Steve HansenSaint Cloud and Central Minnesota REALTORS
Coldwell Banker
Burnet(320) 258-6675
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St. Cloud Real Estate, Condos, Homes for SaleCentral Minnesota Real Estate---