First time Home Buyer Credit
I would appreciate it if anyone has the answer for this: I owe about $ 2,800 in taxes. I will be buying a home in May-June time frame and am eligible for the $ 8,000 tax credit which will actually give me a refund of about $5,200. I want to file an extension until October 15, 2009. Am I still to pay for the $2,800 obligation on April 15th? Can an extension be filed with the full anticipation that there will be actually be a refund when the home purchase is completed in may-June.?
Thanks very much