Delays for homebuyer tax credit

Good news homebuyers: You can file for your $8,000 first-time homebuyer tax credit again.

The bad news: you cannot e-file your taxes so there are going to be long delays.

Buyers who purchased properties after November 6, 2009 had to wait to file until the IRS released a new form and instructions. On January 15, 2010, the IRS finally posted the new form 5405.

New buyers can no longer file form 5405 electronically because of the additional documentation required: proof of residency, a signed mortgage statement, and a drivers license, which the e-file system is not equipped to handle.

For additional information, visit http://www.irs.gov/.