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

    Mar 7, 2011, 12:23 AM
    DOD Contractor Home Tax Credit
    I am serving in Iraq as a DOD contractor since Mar. 09. I bought a new home Sept. 2010 & did not own a home previously. I heard the homebuyer tax credit is extended to June 2011 for military & related govt. employees serving overseas. Am I eligible for the home buyer tax credit? Many thanks for your help.
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
    		  
    #2

    Mar 7, 2011, 07:18 AM
    I don't know (was watching for others to know), but are you an employee of the DOD or a contractor for the DOD?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Mar 7, 2011, 08:07 AM
    Sorry, but it does not look like you will qualify. The instructions for Form 5405 are at the link below, and they do NOT list contract personnel as eligible for the extended time period:

    http://www.irs.gov/pub/irs-pdf/i5405.pdf

    This is NOT definite, however. You can send an email to the IRS, explain your circumstances and ask for a ruling about your eligibility.
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 (Own home in foreign) [ 2 Answers ]

I am on an H1B visa and have been working in the US for 4+ years. I purchased a condo in India 2 yrs ago (2007) and got a mortgage (through a bank in India). I make a monthly mortgage payment out of my salary here (I have no other income) to this bank in India. On advice of my tax filers, Last...

Ooverseas DOD Contractor - what's taxable? [ 8 Answers ]

I'vw worked as a DOD contractor overseas for a few years and just changed employer/job/location and my new employer wants to report more stuff as taxable income than my last employer (both are overseas DOD contractors). Just looking for guidance/opinions that what they're reporting is okay, seems a...

I owned a manufactured home and bought a new home in 09 can I get the tax credit [ 1 Answers ]

I purchased a new home in 2009. I owned a manufactured home that had a title, will I be eligible for the first time homebuyers credit. The manufactured home was in a community on leased land.

Can we get the first time home buyers tax credit if we purchased the home from my [ 4 Answers ]

Can we get the first time home buyers tax credit if we purchased the home from my EX step-father?

View more questions Search