The IRS has recently released this handy tool on their website www.irs.gov to help you in preparing your 2011 tax return.
Due to the fact that this credit originally started out as an interest free 15 year loan and then was later changed to an actual tax credit, filing your return for the next several years has become a challenging task.
If your purchase falls under the 15 year interest free loan, not reporting the correct information on your return will cause a significant delay in the IRS processing your tax return.
In order to determine your reporting requirements you will need the following information to use this look up tool.
1. Your Social Security number.
2. Date of birth
3. Home address.
