The IRS is mailing letters to homeowners who claimed the First-Time Hombuyer Credit. The IRS is notifying the homebuyer that unless the home remains the primary residence of the homebuyer for at least 3 years after it is purchased, the homebuyer/taxpayer will have to repay the entire credit.
Examples of situations when a home is no longer considered a primary residence include . . . [Read more…] about IRS Mailing To First-Time Home Buyers