The Franchise Tax Board (FTB) announced August 7 that it will stop accepting first-time buyer applications at midnight Sunday, August 15, 2010. This will insure that the FTB has more than enough applications to allocate the full $100 million in credits.

WASHINGTON - The Internal Revenue Service today announced that starting with next year's tax filing season it will no longer provide tax preparers and associated financial institutions with the "debt indicator," which is used to facilitate refund anticipation loans (RALs).

"As we prepare for tax season every year, we

Congress OKs legislation to extend closing date for homebuyer credit

On June 30, Congress passed H.R. 5623, the Homebuyer Assistance Improvement Act of 2010.