First Time Home Buyer Tax Credit

There has been a lot of talk (and confusion) about the economic stimulus bill and what it means to home buyers. Who qualifies? What year can I claim the credit? How much of a refund would I get back? What are the criteria to receive the credit? So I'm going to attempt to answer the most common questions about the bill. Keep in mind, I am NOT a tax professional or accountant and always recommend when it comes to your taxes to seek the advice of an accredited tax professional.

That being said, the bill states that first time home buyers can claim a tax credit worth $8,000 OR 10% of the home's value, whichever amount is less. So, if you bought a condominium for $65,000, your tax credit under the bill would be $6,500, not $8,000.

Qualifying

In order to qualify for the credit, the home purchase must be made between January 1st and November 30th of 2009 (so if you buy a home on December 1, 2009 you are not eligible). In addition, there are income restrictions as well. To qualify, a single person must make less than $75,000 a year. Married couples must make under $150,000 a year. However, higher income buyers may receive a partial credit. You must also live in the house purchased for at least three years or you will be required to pay back the credit. The property being purchased can not be owned by a close relative like a parent, grandparent or one of your children. The definition in bill for a first time home buyer is anyone that has not owned a home in the last three years.

Tax Filing

The credit can be claimed on your 2008 or 2009 income taxes. Now as I said you can claim the credit on your 2008 tax filing. If you have already filed them, you can file an amended return to claim the credit if you wish to do so. Based on the feeback we've been getting, the process takes about 12 weeks. Another great thing about the credit it that it is fully refundable, so even if your total tax bill (refund) is less than $8,000 (and you qualify for that amount of a credit), you would still receive the full $8,000 back plus the amount you had overpaid.

For example, John's taxes showed that he had paid $5,000 in taxes over the year. He filed his return and he actually only owed $3,000 in taxes. Normally he would have received a refund of $2,000. But under this bill, he would receive the full $10,000 instead! To claim the credit on your taxes is just a matter of filling out the form, without any additional paperwork involved.

This is a simplified breakdown of the economic stimulus bill. I highly recommend consulting a professional tax service regarding your taxes. You can download the tax form here: http://www.irs.gov/pub/irs-pdf/f5405.pdf

Thank you for reading our real estate blog and feel free to contact us for all of your Las Vegas NV real estate needs.  

Source: CNNMoney.com

Comments

Financial Hardship

My husband and I are right at 15 weeks now, since they recieved our forms, not since we mailed them out. So, I called Friday, the gentleman told me to call back Monday because the system is updated over the weekend. I called back Monday and there is no updates, we are still within examination and the information that I sent in three weeks ago is not showing up yet. But, the lady did ask me if I would like to be contacted by a TAX ADVOCATE if I was experiencing a financial hardship and have proof. Well, I have oodles of proof, we are a young couple who have had our house for a year but have never been able to afford new flooring and have subfloors visible throughout the house. I'm not complaining about being poor because I am thankful just to have a home but they shouldn't tell you that you qualify for money and then make you wait months on top of months for it. I am still waiting for the tax advocate to call me, which is supposedly suppose to happen within this week. I just hope this helps, we definately need a mini-vacation after all of the worrying we have done over this money.

IRS says I Own a Home but I do not

I am glad I found this site, so I know I am not alone in this mess.
I filed my taxes in February and I been dealing with the IRS since then.
I constantly called to get answers, which I never seemed to really get.
After three months they referred my case to tax advocate. The tax advocate was supposed to call me but never did. I had to speak to secretary tax advocate to get answers that he entered in their system. So good news I am supposed to get my return this friday June 25th . BAD news it does not include my home buyers tax credit. Apparently the system says I owned a home before which I do not. I own land but that is not a home and they said because in the past, I filled out for property taxes. The system sees it as me owning a home. I am not sure what battle I am in for because I am still waiting for the advocate to call me back...What do I do please help???

Tax Return 1st time homebuyers

I was getting the run around for some time as well...then I took some advice that I read on here. Contact your State Rep. I did and a week later I had my return. They have the resources to check and push for release of the refunds.

I hope you all get your returns soon and I hope talking to your State Rep will help you as well.

update

well i have posted on here at least twice with our woes and runarounds from the IRS. on Saturday we received a big letter saying they needed all kinds of info from us about our house; copy of closing settlement (we sent that already!), copy of utility, mortgage, car registration, bank statements, pay stubs...first born. ok, only kidding on the first born part. but seriously, did they not need all this when they said they'd send us our check in APRIL!!! and then a week before sent us the famous "you didn't sign your return" letter?! it's all BS!!! so i gather all the info to send out and then yesterday we get a check!! it's our federal refund, minus the tax credit. a seperate letter stating that we received our federal refund in a different amount due to the fact that they needed to look into other information regarding our return. WHY DIDN'T THEY SEND THAT PART MONTHS AGO....WE FILED FEBRUARY 1ST!!!!!!! i'm so glad to have something, but let's see how long before we get the rest. how much more of a runaround and hoops will we have to jump through?! it's such a nightmare!!!!

Filed 7/09 - got check last week!

We filed at the end of July 2009. Waited patiently, called back every 30 days. After waiting six months we asked for a tax advocate but were told we could not have one because we weren't a "financial hardship" case.

At around the 8 month mark I called the regular IRS tax help number because I wanted to make sure our pending 2008 amended return didn't affect our 2009 return that we were about to file. The nice lady that I spoke with was appalled that we had been waiting 8 months and immediately transferred me to a tax advocate.

From that point on the process went smoothly, the advocate always called when she said she would and was great about keeping us informed about what was going on even if it was just to say "they're still swamped and haven't looked at your paperwork yet, but probably will next week."

We got the check (with interest) - last week. For those of you waiting a long time (more than 4 months) I might suggest trying the regular IRS line.

Keep the faith!

After waiting patiently for 8 months for my refund check, low and behold, this afternoon it finally arrived in my mailbox. This is, however, after getting a tax advocate assigned to me, and being very persistent in following up with her on a weekly basis until she told me it was officially being mailed out. So I guess I wasn't that patient, but if you're willing to wait for it, it will eventually come!

first time home buyer credit

6 months and counting for me...still no refund.....I truly believe the IRS wants people to give in...and Im starting to believe there may be no choice., We bought our home in July '09. Filed taxed mid January. mid March posting on IRS site stated refund would be "on or before April 1st", on or about March 25 we get a letter...they need copy of tax return and Hud 1 papers....had already sent these..after numerous calls and many different answers we waited and waited...only to get yet another letter requesting Hud 1 AGAIN as well as several other things they requested such as pay stubs, utility bills etc. I then went to local IRS office which was a joke...they looked at the computer to the same info I had been given over the phone. They then assigned me to a tax advocate who was supposed to call me by June 1st and didnt call until June 10th or so. She now gave me another list of papers I need to send including the HUD 1 AGAIN!!!!!!! i have now faxed everyting yet again and sit herewaiting.....they have no explanatin as to why my brother...who bought his home the same time as me got his refund in less than 6 weeks...no problems at all. good luck to all.....

told 12-16 weeks

Called for an update today (has been 6 weeks since I sent in my amended return) and was told they are currently behind and processing time is around 12-16 weeks.

I sent mine around the 7th

I sent mine around the 7th of May and was wondering if I should call to check the status. It sounds as though they probably wont' be able to tell me anything at this point. It will be 8 weeks as of this tomorrow 7/2/10

We closed on our house on

We closed on our house on Apr 1 2010 the same day went to HR block and filed my ammended taxes I called the Irs two weeks later and they recieved it on Apr 6 2010 Its now June 21 and still nothing I call every two weeks and they are still processing my ammended taxes and it can take up to 16 weeks just to approve it the lady told me.. Its just really frustrating...

IRS BUYING TIME

I have read many of your comments and this has been my experience.......I bought a home DEC 2009 turned in all required paperwork including the HUD statement January 15 2010. checked my status on line at IRS.gov under wheres my refund a month later and it said i should recieve my credit in mid march. I then recieved a letter in the mail stating they needed additional info to verify my address such as pay stubs, driver license, registration, and again a copy of my HUD statement. I sent it certified mail to georgia, (I live in texas), as they requested. I was told i would get a response in thirty days. I checked online again and it said they recieved my info within that week and it was being processed. I got another letter may 13 2010 stating it was still being processed and give it until june 13th for another response. it is now june 21 and no response. I called the georgia irs office that was listed on my previous letter this morning the examiner told me that everytime you send in paperwork your process starts completely over so my original january 15th filing date was void. and when i sent in the requested paperwork a second time they started my whole process over on march 30th 2010. The examiner then told me they are backed up and right now she has mid march homebuyer credits on her desk and one march 30th. Im glad i am not relying on this money!!!!!!! also I am no longer able to check "where's my refund anymore"???? i hope it is because they have put some interest into that 8000 dollars they promised me lol!!!!

Finally!!

Closed Sept 30 '09. Filed 5404, amended return, hud forms, ID, utility proof etc on 10-21-09. IRS guy told me it would take 4-6 weeks to get my return. He was way wrong. They denied my claim, saying I owned a home already. I did not. Got an advocate appointed end of March (after 16 weeks of waiting) Received call today that my check plus interest is to be sent on June 25. Sounds like a few others are also expecting their checks to be mailed end of this week. Yay. And everyone, get an advocate asap, for me 16 weeks was the magic time they would appoint one. They are free and really do help. After the advocate it still took 3 months for approval, but I"m getting the cash. Best wishes to all!

9 months later...

I just recieved my check for 8,375....9 months after I originally amended my 2008 tax return. The whole process has been a nightmare. Long waits on the phone, countless letters extending their deadline to have a response, requirements changing since I orignally filed, etc. When I orignally filed in Sept 2009 all that need edto be provided were a few forms. Since that time they requires HUDs and various other documents that verify your residence. Would be nice if they did not change the requirments in the middle of the process. It was a very frustrating process but it is over now. Good luck to everyone else. Keep your fingers crossed!!

Mailed April 30,2010

We purchased our home and closed on March 9th, 2010. Filed amended 2009 and included HUD settlement statement, mailed it certified April 30,2010. IRS office in Fresno, CA received it May 3rd, 2010.
We are going to wait till July 15th before we do any calling. Will post with update, Hope you have received your FTHBC.

Anyone having issues with Fresno, CA IRS office?

home buyer tax credit

Same story as everyone else.
We sold our home in February, 2006 and lived in an apartment while looking for a small retirement home.
In January, 2009 we bought a zero-lot and began looking for a builder.
The house received a certificate of occupancy on 6/9/10 and we moved in on the 15th of June.
Filed 2009 taxes with tax credit. Included the HUD-1 and the correct tax form. 4 weeks later I got a letter from IRS that wanted the HUD-1 form. Lady I talked to at IRS said "just us another one". 4 days later I mailed that "again". I have looked at Where's My Refund several times. It doesn't really tell you anything. Then I called and they said nothing was holding it up. 3 days ago I looked again and it said the tax credit was denied and I would be getting a letter. Guess I'll wait on that.
Now what? Wait for the letter and start the battle, I guess.

Still not processed

Just an update:

Sent my forms in May 17.

Called the IRS toll free number on June 11 and they said it hasn't been processed yet because the guy can't see it in the system. He said to call again in July. I also checked on another amendment I made on a $2500 school credit that H&R Block screwed up on and never included in our original tax return. That check was supposed to be mailed out yesterday (June 18) according to the IRS guy on the phone. So we will see if he's full of it or not.

Forms I sent in were:

1040X filled out by H&R Block
5405 form filled out by H&R Block
HUD Statement with all signitures
Color copy of my drivers licence with new house address on it
Copy of my car registration with new house address on it
Copy of my first gas bill sent to me at new house
Copy of the county auditor website page showing me owning the house with day the deed was changed over to my name

So if they have any problems with all those forms of proof then I'm going to be one pissed off United States citizen. I do not have bills needing to be paid but I have a wood fence project on hold until that money comes in. I have to chain up my dog right now because we don't have a fence which I don't like to do. She always looks at me like she's being punished for something when I chain her up. WE NEED THAT FENCE! HELP ME STIMULATE THE ENCONOMY BY GETTING THAT MONEY TO ME!

Anyone get the HB credit recently?

I amended my 2009 taxes on May 28th 2010 when i closed on my house, in order to get my $8,000 first time home buyers tax credit. Almost a month later, I called the IRS, they still cant see my tax papers in their system and cant tell me if they even received my amended return yet! They said the worst thing I could do is send in the papers again, as then they need to investigate if its truely a duplicate amended return or fraud.
They were very nice and did explain it takes a while, he explained that they process the tax credit papers coming in on the weekends (strange) and the best time to call and check is in the begining of the week (monday, tuesday). Also, they only print checks on fridays, so you would normally get it in the mail in the begining of the week, given it only takes a few days to get to you (2-4 days). He also stated that the April 15th tax rush is slowing down, so the HB tax credits are starting to get processed a little faster now, but they have started to analyze the requests for the HB credits in more details as they have had fraud issues.
As long as you ensure you send in the right paper work, such as the HUD statement and other papers depending on if you bought a house, bought a mobile home or constructed a house, you should be fine.

So my question: Has anyone filed an amended tax credit recently (between May - June) and heard anything back yet? or actually gotten their tax credit back???

Called and got a date.

I mailed my amended 2009 taxes in May 25th, 2010 and i called today 07/06/10 and was told my check was being mailed 07/09/10 this Friday. I noticed a lot of people received letters and such, but i have not received anything notifying me. I would call them again as it seems we filed our amended around the same time.

1st time home buyer

I bought house on May 12 and filed amendment on May 21. IRS received on May 28. Called today. Rep said don't see in the system yet. Said possibly was not reviewed by tax rep, because they would be the ones who would enter in system. Said call back around week 12

I closed on my house May 3rd

I closed on my house May 3rd 2010 and mailed in my amended return May 8th. I spoke with a guy on June 28th and he said it wasn't showing in the system. After having me on hold for 15 minutes he tells me that it was sent for further investigation. I sent everything that was required, signed everything...and even had the lawyers who drew up the closing papers look at my amended return. This guy now says it coudl take up to 180 days before I hear anything. I don't need the money for bills, BUT would like to make some home improvments...putting some of that money back into the economy. FYI...my paperwork had to be sent to the office in Texas. I am considering writting to my state (Alabama) rep to try and speed things up like somebody above recommended.

Re: Anyone get their Tax credit yet

I filed and mailed my ammended 1040x, 5045 and docs on May 11th 2010. Called the IRS the other day and they said it was recieved 05/24/2010. On 06/19/2010 it went for review and was told it will take 12 to 16 weeks from this date (06/19/2010) to review and process it.

A freind/customer of mine mailed her ammended 1040X and so on off a few weeks before me and got her check back over a week ago. I am hoping I have the same luck she had. Cross fingers and hope for the best.

I'm in the same situation

I'm in the same situation you are. I filed my 2009 taxes in March 2010, closed on my first home at the end of May 2010, and then sent it an amended 2009 return for the HB credit sometime the first week of June 2010. I still haven't heard anything, but after reading all these posts will definitely try to call on Monday to at least make sure I can get a "its being processed."

I WANT My FUNDS

I closed on my home on April 30, 2010. I submitted the hud 1 statement. the amended return, and the form for the fthbc. I keep calling and i get different things. One person told me its in examinations, another told me its processing. So finally i called and spoke to a nice guy that works at the IRS. He went the extra mile, he said, that mine was in normal processing, examining is a normal processing part of the credit, and that I'm just at 7 weeks, hang in there and it'll be coming shortly hopefully. This did make me relax a little. They received my file certified May 17, 2010

I closed my loan Nov 30th

I closed my loan Nov 30th and filed January 26th. Like everyone else I was told in March they needed more information even tho I sent it all in the first time. I sent the info in and have been checking the where my refund page for months. Its always been saying its in review but I checked it today and it says " we are sorry but we cannot provide any information on your refund". Now by god if Ive waited all this time and the government has lost my tax return or screwed something up Im gonna go start shooting people. I need the money just like everyone else on here.

We, like so many others,

We, like so many others, have filed everything correctly and still have not received our refund. We bought a house in 2009. Mailed in the Hud1 and 1040x for an ammended return to our 2008 taxes. (This was done by our CPA for a fee so it would be done correctly). Our CPA told us it was taking about 4 weeks for others to get their refund. That sounded great! We mailed the forms around Thanksgiving and waited. Had not heard anything by the end of January 2010 so called the IRS and they stated they had received all necessary paperwork and our claim was being processed as normal, but the turn around time was about 16 weeks now and if we hadn't heard anything by the end of March to call them again. Ok that was fine we understand that it takes time to process all these claims. So mid March my husband calls just to make sure everything is going fine and the IRS worker tells him that we should receive a check in the mail by the end of the month. So on March 28th we did receive mail from the IRS, but it was not a check. It was a packet wanting more information. They wanted the HUD1 (even though we had already sent it) a copy or mortgage statement, check stub, and two proofs of living in the home. So I gathered up all the information and mailed it on April 1, 2010. Then I called a week later to make sure they received it and they said they did and we should hear something in 30 days. So in mid May we received a letter from IRS stating they are still processing our claim and we should hear something in 30 more days. So by June 18th we still hadn't heard anything so I called again. Was a total of 45 minutes call time. She stated that my claim is still being processed and we should be receiving a letter that she said was mailed out on June 12th (but we havent received yet) saying that we should hear something in 45 days! I asked her what the hold up was, but she could not give me an answer. So on June 30th it will be 7 months from the time they told me they had received my ammended return. I have read other comments from people saying the only reason they aren't getting the returns is because they didn't file correctly. I feel that we did file correctly and have done everything they asked. Noone seems to know what the delay is and when you call the IRS they always tell you a story. So good luck to all you still waiting! Also my brother-in-law also bought a house in 2009 and it has been over 6 months and he has not gotten a ruturn either.

I am in the SAME boat! I

I am in the SAME boat! I called my congressman to do something.... been waiting since jan. 16 2010. told to wait 16 weeks, then 30 days, now 7-10 days.. this is BS!!

the elusive tax credit

I am like you I did everything they told me to. I am past frustration on this issue. I filed in February and they have been jacking me around eversince. Exactly the same thing you all have been going through. I am unemployed and I really need the money. I think they have no intention of paying the money. They are just hoping if they jack you around long enough you'll give up on it. I am not giving up I'm thinking about getting in touch with a TV station or maybe 20/20. This is rediculous!

Just filed my amendment 06/16/2010

Hello,

After reading everyone's stories I'm truly horrified, I just mailed my ammended tax papers on June 16,2010. Hopefully I included all the proper information everything my tax preparer told me to submit I did not I will have to wait and see and pray for the best. I wish you all the best of luck!!

Pflugerville, TX

Hello!! I like you got a

Hello!!

I like you got a little worried after reading all the horror stories!!
we bought a home in April on May 3rd sent our amended tax ..
with all the new requirements!! Hud,Licenses with the new address,current bill for utilities or insurance... bla bla...
but it only took 6 weeks to process!! not 16.

good luck!!

Tax rebate

I mailed my amended return in on May 7th, 2010, and I received the credit yesterday. I think if you've had complicated tax returns or HUD is involved it may take longer. Mine was really clean.

Wish they'd read the archives before commenting!

They said and I quote...
"Hi I was hoping someone who has done this themselves could help me."

AND even those who has done this themselves have done everything correctly still have conflicting issues. Just call the WMR phone number and listen what the agent does... a bunch of rope a dope and call back in 30 days. Expert or not, that is what most of us are doing... "waiting!"

Can't Count in the IRS

I am in a similar situation to many of the poeple who posted here.

Bought house July 2009

Filed March 2010

Got letter asking for HUD-1 May 2010 (even though I sent it the first time)

Waiting waiting waiting.

Luckily I have little to no faith in the IRS to do things quickly. I am not going to starve or miss a bill payment without that $8000. I feel bad for those who are in that situation. It is insane that even when you do things right, they still screw it up . I understand the need for 6-8 weeks processing to weed out all the fraud but come on. I did it right from day 1. I even have an accountant who does my taxes so mistakes would not happen. And what happens, they screw it up.

Hopefully I'll have my money some time in July

SAME SITUATION

Filed approx same time, just wondering if you have rec'd yet? I have NOT!!

Will I qualify for first time home buyer credit?

My wife bought our first house in united states back in Oct 2009. We got married after she bought the house. So we filed our 2009 taxed jointly and deducted overseas mortgage interest for a house back in India. But IRS has declined our first time home buyer credit saying we had a prior ownership.

My question is are we eligible for first time home buyer credit?

Please help!

"Principal Residence" is the key

You could have a 100 houses in India. The key is whether any of those houses have been a "principal residence" within the past 3 years. For example, you could have been living in an apartment in NY for the past 3 years, but still maintained a home in India. This is clearly stated in Scenario 3 under First Time Homebuyer Credit: Scenarios in the IRS' own website. The IRS is automatically denying anyone with mortgage interest paid reported on a 1099, whether it is for a bare, empty lot, or home you may not have lived in for years. It's up to you to clarify and prove you haven't lived in your India home.

I would say no, you are not

I would say no, you are not first time home buyers you currently own 2 houses. Bought in the US or not and if you can afford 2 mortgages....I cant blame the IRS for your not giving you the credit

I'm giving up.......IRS, you win

I think the IRS is struggling with the amount of First-Time Homebuyers credit request they're receiving. It's just my opinion, but I believe people are being delayed the tax credit because the IRS is overwhelmed with the many submissions and they're coming up with any excuse possible to not submit the claim. I'm currently working on my second attempt to claim my $8000 First-Time Homebuyers Tax Credit. The first denial was due to the IRS claiming that I did not provide the HUD final closing paperwork when I did. The second denial was due to the IRS claiming that I don't qualify because I've previously owned a home which is not true. This is my first home and it is very frustrating. After putting a very detailed packet together showing my credit history, last 3 tax returns, and lease rental aggreements for the last 5 years, the IRS claims that they have received anything from me when I have confirmation and the name of the person who signed to receive it from the post office. I think they just want people to give up their claim because the IRS does not have the funds to supply everyone with the $8000. Well, count me as one of the people who gave up.

To JonnyLV

Whatever you do, don't give up. Don't let the IRS win. I bought my house in Sep 09 and filed a 1040X for 2008 taxes and still waiting for my refund. This is after the IRS has denied my claim twice. Once was because they claimed I didn’t send in the correct documents, the second is because they are to blind to see what I paid interest on (they automatically assumed it was a home). The last time I sent them supporting documents was back in March 09 (faxed them 72 pages of supporting documents ) )after they had denied my claim to the tax credit. 30 days later an automated letter that they will have an answer to me by 7 June, 10 June received another automated letter that they will have a response to me by 19 July. You think that I’m going to let them win? NO WAY!!! I know I’m entitled to this credit and I’m going to get it. The good thing is that I will get 4% interest from the original date I submitted my 1040X. It won’t be much, but it will make up for the time and money spent going back and forth with the IRS.
Good Luck !
Jose

IRS Fax # doesn't work

I filed for the first time home owner credit too on April 13th. It said online that I will get my return June 1. Instead I received a letter to submit my W2. The letter said I may fax it, but the fax number they gave doesn't work. This is so unprofessional!

Waiting

I had a CPA amend my 2009 tax form to claim the 8,000 tax credit. I mailed it last Wednesday. I called the IRS and they said that it is taking 12-16 weeks for processing, generally speaking. I just read the above post and I am hoping I will have the same quick results. I paid $100 for the CPA to amend my forms which in my mind is worth it because I definitely did not want to screw this up. So hopefully I will see a check soon, I am giving the IRS 2 months, before I call and check on it. I know it takes time so Im not freaking out. It is what it is and the IRS are who they are. LOL

There May Be Hope!!

My husband and I filed our taxes 3/11. Our return date was 5/11. On 5/10 we received a letter requesting our HUD 1 form. We sent the requested information, it was received back to the IRS on 5/21. I called last week around 6/9 and no word yet. I explained to the Rep that we had some repair work that we needed to do to the house and the money would really help us, the Rep was very nice and told me that she would make a note in our file. I'm not sure if that helped our case or not but I called again today 6/16 and the Rep told me that our return was taken out of the "problem department" and the system shows a paper check date of July 5th but because we opted for Direct Deposit our money should be put in our account on friday June 25 (as long as there are no further issues) and he told me that if we don't get our money by then to call back. I will post again next week.. Next friday would put our total return process at 15 weeks and 1 day.To everyone who is waiting and waiting, try to stop thinking about the money all the time. I know its hard when you need it but I was stressing it so much but realized that freaking out is not going to make our money come any sooner so I just put the whole thing in the back of my mind. The time really goes by faster. As soon as you stop worrying about it, before you know....you funds will be released.

"There May Be Hope" Response

I agree with this post by not stressing over this IRS money. I mailed my amended 2009 required forms with the hud1 settlement statement by mail the first week of june. I did call the IRS once after reading all of the scary posts on this forum. The lady told me to wait 12-16 weeks for processing once they have received my forms. I said "okay" and ended the call. Now, I did buy my home because the tax credit was a great incentive but I also bought the home knowing that it would not be an easy turn around to get the money. I knew this from the start, its just intuition. So I have not lost any sleep over this whole IRS fiasco and I refuse to. I can't make them move any faster than they already are. Its scary yes, but I also agree with the above poster that if you put it in the back of your mind time really will fly bye. I have not received my check nor any letters requesting more items, I turned this whole matter over to God whom I believe in (not pushing that on anyone) and I've quit worrying about it. What will be, will be. I'm not rich either, lol so the money would be nice to make some updates but I will just have to get in line with everyone else. Hope everyone evetually gets what they are due.

Did it come today?

Did it come today?

You were lucky... I've been

You were lucky... I've been waiting since Feb 2nd.

12 Week Turnaround.

Closed on house on March 18th. Sent in forms 1040-x, 1040, 5405 as well as a copy of my HUD around April 20th. The check was in the mail today. Process couldn't have been easier.

Couldn't have been easier??

You must have been an incredible exception. I also sent my tax documents in as well and I received a letter stating that the IRS had not received the proper documentation (such as a HUD-1). I mailed my information DUPLICATES (by duplicates, I mean they had been sent in before) in. When I did not receive a correspondence from them, I called the IRS customer service (and I say "service" with a hint of vomit tickling the back of my throat) and asked them what the deal was. They were very brief and had no answers. Here's part of the catch: The IRS processing center updates the customer service centers' computers from across the country. So if they are brief on updating their computer information, the customer service reps can't give you any information. Even better, you can't correspond with the processing center unless it's in the form of a letter. I'm going to H & R block ASAP and I'm going to ask them what to do. I'm lost now. Something that SHOULD have been easy has turned out to be very stupidly difficult.

Good luck guys,

Dominic

screwed on my 8,000 tax credit

So, like many frustrated people I am reading about, I hope this one doesn't happen to you by surprise as it did me. I filed my taxed on Feb 10th and received 7,000 out of the 15,500 I was expecting, finally, on June 10th. After phoning them every other Monday to see if my HUD1 form had finally been received after multiple mailings and faxes. Now get this, all of a sudden they have brought to my attention that I never sent them a signed 2004 tax return. I did. Not only did I mail it in, but I had been paying on another tax year through their payment plan and they were to put 2004 in as well. I received my 2008 refund and was all paid up. Now they are telling me they kept 8400 of my refund for the year 2004 to pay what I owed plus interest and penalties!! Are you serious!!??? I am single mom who runs a retail store!! I am far from rich this amount they took is crazy!! After relentless phone calls no one thought to bring this to my attention on any of those calls. I have written an appeal and I have requested all my payments and taxes with held be sent to my home to see where all the money went. This tax credit is too good to be true. The reason they are taking sooo long is took look for a loop hole to screw you with!!! I have heard of this happening to many people and I hope everyone takes action!! The more that come forward with this the better odds we will have. can you sue the IRS? I hope so. Oh, yeah, and you do get interest. 35.00 what a joke!!

Mailed 2008 amendment November 11, 2009 & still waiting

This is the letter I sent to the Correspondence Exam Technician:

I purchased a home in October, 2009 and filed a 2008 amendment November, 2009 for the $8,000.00 First Time Homebuyer Credit. I also have an agreement with a bank that I would pay back the down payment I borrowed, $3,391.00 by using the homebuyer credit to pay it back. I have paid interest to this bank since then and I am continuing to pay the interest. I also bought this house based on the rest of the money to be used for home repairs.

Per phone, it was stated you received the amendment November 18, 2009.

I did not receive a response from you until April 2, 2010! I sent what was requested back to you.

Received letter May 3, 2010 - you stated you received my information April 15, 2010 and I would receive a reply within the next 30 days. Per phone conversation, I was told I would receive either my check or more correspondence by June 7, 2010 (the 45 day span). It was stated that I most likely will receive the check due to everything looked to be in order.

Received letter June 1, 2010 - you stated you received my information April 15 and I should receive a reply by June 29, 2010!

This will be 7 months after you received my amendment!

ARE YOU KIDDING ME? What more can you possibly need? I want a response as soon as possible - give me this money or inform me if I am not going to get the money ! I, too, work for the government and I do not understand why I have a time limit to process government help for the public but you don’t. I know you have had many amendments to file but we also have thousands of Food Stamp and Medicaid applications and we can’t get by with not getting our jobs done. THIS IS GETTING SO RIDICULOUS!

P.S. (I called them today, June 15 - only 10 minutes on hold, must be getting better -and now I am told that I will hear from someone in 30 days! She took my phone number and said they will call me or send me yet another letter. I asked the lady why they don't give us reasons for the delay. Instead, we just get more time limits. She couldn't answer that of course.)

So the government can't decide if I actually live in the house I bought and just issue a check? Why don't they just google Earth and find me? Geeeezzzz.

Home Tax Credit

I too have yet to receive my refund and I sent in my ammended return in November. The IRS stated that they received it on December 1st of 2009. I have been given the run around as well. Once they told me that my check would be delivered in 2 weeks but they had it going to my old address and not my current (the house that I bought-that the credit is for) so they had to stop the process and resubmit it after they verified that I really lived at my new home (duh-isn't that proof that I used teh credit legally-I bought the house and moved into it). So that was in April I think, and from there I got the run around but no check. Some time in Maythey referred me to a tax advocate who has done nothing that I have noticed. I resubmitted all this paperwork to the advocate and I have to keep calling her because she will not call me-but no updates. She just says that she has emailed the IRS and has not got a response. Since I have an advocate I am unable to talk to the IRS anymore. The advocate is supposed to be the liason. This is so fustrating. It's now July and I'm still waiting for an 8000 dollar check that is in space I guess. I have repairs to make that I figured the money would cover but... It's sad and I feel like I'm stuck. This is not right. If I owed the IRS they would garnish my check, put LEINs on my home and whatever they want. It must be someone to report this to.

2010 Tax Refund for New Home

We amended our taxes on April 27 2010, and also mailed them in to the IRS that same day. We made certain we were completely closed on our home, and that the HUD form was noterized. We also mailed in a copy of our Utlitiy bill with the new address on it - We called IRS that day and made certain that we were including every document they required.

We called the IRS today to check the status, and they said that it is scheduled to be mailed out this Friday, June 18. Most of the stories that you read with the delays are coming from those that did not submit their paperwork correctly to the IRS, they just aren't including those details to their stories they are posting on the internet.

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