Ask Experts Questions for FREE Help !
Ask
    sukkeun78's Avatar
    sukkeun78 Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 19, 2010, 11:31 AM
    Got 2010 Tax Refund without First time home buyer credit
    I got my 2010 Tax Refund without First time home buyer credit. I checked IRS website for the status and it said they sent a letter requesting more information. Is this usual? Do they give federal tax return first if they need more information for first time home buyer credit? I sent all the documents but I don't know what else they need. Thanks.
    slapshot_oi's Avatar
    slapshot_oi Posts: 1,537, Reputation: 589
    Ultra Member
     
    #2

    Mar 19, 2010, 12:05 PM

    I know a little about this: my mom is a phone representative for the IRS, and I too am buying a home for the first time--I just heard this afternoon that offer has been accepted, yay! She said the FTHB tax credit isn't processed like a normal refund and that it will be given out months after you file. So, figure that you should receive the credit well into summer.

    Your best bet is to call the IRS and ask, but be nice! My mom might be on the other end. :)
    Jaykid007's Avatar
    Jaykid007 Posts: 74, Reputation: 1
    Junior Member
     
    #3

    Mar 21, 2010, 08:42 PM

    Did you include a copy of your final settlement statement and the appropriate homebuyers credit form?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    May 4, 2010, 10:05 AM
    Good questions, JayKid.

    The $8,000 FTHBC has a REAL HIGH potential for fraud, so the IRS will take extra precautions to make sure those who apply are entitled to it.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

First Time Home Buyer Tax Credit [ 13 Answers ]

Hi I have claimed home loan interest in my 2008 tax returns for a home in India not in USA. Now I am planing to buy a home in USA . I never owned a home in USA . Now my question is Am I Qualify for 'First Time Home Buyer Tax Credit' and FHA Loan. My accountant says that , I am qualify...

F1 in the States for 5 years by 2010, eligible for $8000 home buyer tax credit? [ 5 Answers ]

Hi By September 2010 I will be in the State on F1 for 5 years. So I think I should be considered resident Alien (for tax purpose). However, I will always fail the resident alien test because none of the days as F1 counts. I want to buy a house before April 1st this year, and I...

How to use first time home buyer tax credit [ 2 Answers ]

Hello. I just purchased my first home and am getting the $8K tax credit. I know many people are saying to use the majority of the credit to pay down the principal and get interest savings. However, I plan to sell in 5 or 6 years, so if I do not stay until the mortgage is paid off, I will not see an...

First-Time Home Buyer Tax Credit [ 5 Answers ]

I was wanting to get opinions on the First-Time Home Buyer Tax Credit. I've looked over the website and it looks to be just a loan from the government. I was wondering if any one has heard more about this. Like, do you think there would be long term problems from taking this or is it a good...


View more questions Search