Comments on: Working On My Taxes

By: Sergey

Sergey — Mon, 15 Mar 2010 07:33:02 +0000

Believe me, that better live without any credit, If U can’t to buy flat U can build house stroy-dom.info gives to you enought info for this process.

By: Zemog

Zemog — Fri, 12 Mar 2010 20:33:25 +0000

It will take from 6 to 8 week to receive your refund. The paper work for the First time home buyer credit is taking long time.
The IRS just started reviewing the 5405 form at the begining of March.
If you are just filing now it’s going to the bottom of the pile. Don’t make plans jet on spending that money.

By: Ladam8518

Ladam8518 — Fri, 12 Mar 2010 14:48:04 +0000

As the first poster has said, the First Time Homebuyer Credit is taking longer to process. I currently have no information on how long it is taking. I do have a friend who works as an auditor for the IRS and his center is placing priority on ammendments over the homebuyers credit. This would mean that the IRS won’t even look at a return with the credit untill long after April 15. They generally don’t look at ammendments until after the close of the filing season.

The recommended solution for most people is to e-file the 2009 return without the credit and then mail in an amended return with the credit included. This will delay the credit a little longer than filing all together, but will speed up the rest of the refund.

Every return I have filed that claims the homebuyers credit has been filed using the file and ammend procedure and I have no data to support the timing of the homebuyers credit other than the hearsay from my friend.

Disclaimer: I am employed with H&R Block.

By: Jason @ Frugal Dad

Jason @ Frugal Dad — Thu, 11 Mar 2010 18:29:58 +0000

We recently bought our first home (life-long leasers), but because we bought from a family member, we were told we were not eligible for the tax credit. Bummer.

By: Christy

Christy — Thu, 11 Mar 2010 17:34:44 +0000

Good luck! I amended our 2008 return last September and am still waiting.