(Closed) Advice re: 1st time homebuyer credit here!

posted 9 years ago in Home
Post # 3
Member
2007 posts
Buzzing bee
  • Wedding: September 2009

That’s good to know!  I haven’t submitted our taxes yet but I’ve been debating on whether to claim it this year or next year.  We just closed 2 weeks ago but I’m not really sure what papers the IRS will need as proof that we actually bought a house.  Our taxes are completely done otherwise.  It’s actually kind of tempting to just hit submit and deal with it later!

Post # 4
Member
95 posts
Worker bee
  • Wedding: July 2010

Where did you call to follow up? My fiance ammended his 2009 return in November and we haven’t gotten anything yet 🙁

Post # 5
Member
1944 posts
Buzzing bee
  • Wedding: June 2009

@Caitlanc, if you go to IRS site it will tell you exactly what you need to send in. I can’t tell you for sure bc we built our home and had to wait until construction was complete and construction loans are different than when you buy and close on a home. Our accountant said the same thing. We were going to ammend but since we got married and then built the home and then…they extended it again, when we finally took possession of constructed home, we had to wait for the new updated forms which took the IRS 2 mths to get out it made better sense to wait and do it all at once. I know people who filed back in the fall who have not received theirs yet, but they are being very careful bc when this first came out there was a lot of fraud bc they did not ask for near the amount of forms they do now. Definetly need some patience with it! Thats awesome you are getting interest too! Still waiting to here from our accountant if he did it ok…..:(

Post # 6
Member
316 posts
Helper bee
  • Wedding: May 2010

Hmmm, maybe they just made a big mistake with yours?  We filed and ammended our return to get our credit and received it fairly quickly!

Post # 7
Member
1944 posts
Buzzing bee
  • Wedding: June 2009

Pinkmonkee does bring up a good point I forgot to mention. If there is anything wrong, I mean even a number, they will decline and send it back and you have to start all over from the beginning. Meaning you start from the back of the line again. My SIL did not send in the right settlement statement and they did not know for about 3 mths that it was the wrong one until they called and followed up and was told it was declined and had to redo it all over again. They don’t hold your place!

Post # 9
Member
1523 posts
Bumble bee
  • Wedding: September 2010

Sorry that happened to you! I don’t think it’s the best advice for everyone though. My Fiance amended his 2009 taxes after we closed on our house lat May. We had no problems and had our received our check 30 days later.

Post # 11
Member
3762 posts
Honey bee
  • Wedding: May 2010

I am working on my 09 taxes and all you need to send is your settlement statement.  They should give it to you before you close.  It tells how much you need to bring to the closing and what the sellers are responsible for. 

Post # 12
Member
5398 posts
Bee Keeper
  • Wedding: November 1999

Wow, I can’t believe you got lost in the shuffle like that, that’s ridiculous!  We actually did that and we luckily did not have the same problem and we got the $8,000 check pretty quickly.  We just did our taxes, though, and our tax guy said they are making it much harder to get now, so if possible, don’t wait until the last minute!

Post # 13
Member
2007 posts
Buzzing bee
  • Wedding: September 2009

Ooh!  Good to know, Lillindy!  Thanks!  I really need to quit procrastinating!  And I even have my settlement statement in my car!  I could totally finish them off right now if only I wasn’t at work!  Boo.  Thanks for all the info!

Post # 14
Member
5398 posts
Bee Keeper
  • Wedding: November 1999

@caitlanc: I guess you know what you’ve got to do when you get home tonight, lol.  😉

Post # 15
Member
2703 posts
Sugar bee
  • Wedding: September 2010

@erin, sorry you had to go through such a wait…

Fiance just filed his 2009 taxes in feb… it’s been about a month or so, we’re hoping he gets it another month 🙂

Post # 16
Member
946 posts
Busy bee

I amended my return too and it took FOREVER!!!!  My brother filed electronically and got his instantly.  It took me almost an entire year to get the full amount of the credit back!

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