In order to take advantage of the First Time And Repeat Homebuyers Tax Credit, you must have a contract by April 30 2010 and close by June 30, 2010. The National Association Of Home Builders has provided a great link that explains the details of this tax credit opportunity. Please click on http://www.federalhousingtaxcredit.com/
Use IRS form 5405 to apply for the credit - IRS Form 5405
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