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Out. that's what i've dropped by to talk to you about. you've got less than a month to get your first-time home buyer tax credit, folks, if you're going to sign a deal on a house, you have to do it by april 30th, close by june 30th. as you're doing your taxes or hiring someone to help you, remember it's form 5405 for those of you who have bought your house, first-time home buyer tax credit, $8,000 first-time home buyers up to a certain income restriction. people pointing out this morning maybe they would have liked to have bought but not everybody can buy them after somebody considered wealthy...

Welcome back, it's 22 minutes past the hour. christine romans is talking about wlorpt we'll see the home buyer tax credit expanded or whether its run its course. >> time is running out and you need to assume it has run its course here and you have a little bit of time left to sign a contract on a new home if you've been putting it off. you must sign the sales contract by april 30th and close by june 30th. form 5405 is for first time home buyers who have already done this to make sure you get your money back from the government. there are no e files on that if you're trying to seal the deal fro...

Get a soda. take a sip. take a dip breath. get it right. >> all right. let's talk about another red flag here. there have been recent tax law change. first-time home buyer credit, if you bay new car. that kind of thing. these are things the irs are really going to watch closely. right? >> i'm 100% certain if you bay home and you qualify for the first-time home buyers' credit or repeat buyer credit and fill out form 5405 and attach it to your tax return, you will absolutely be audited. why is that? because the irs is giving you an $8,000 check. so they want to confirm that you actually bought t...

Financial questions. joining me this hour, greg mcbride is the senior financial analyst with bankrate.com. and patricia is a personal finance author. ryan asks, my wife and i are buying a new home. the closing is the first week of february. congratulations. we qualify for the $6,500 tax credit. can we claim our new home on our 2009 taxes? greg, this tax credit complicated. what should do they? >> yes, they can claim the tax credit on the 2009 taxes. now, if they've already filed their taxes for 2009 by the time the closing takes place, they can still claim the credit by filing an amended retur...