Comments on: Details About the $8,000 First-Time Home Buyer Tax Credit

By: J80

J80 — Thu, 01 Jan 1970 00:00:00 +0000

I have to call the IRS tomorrow, my house burned down in July, do i still have to repay it since i bought it in 2008?

By: meemee

meemee — Thu, 01 Jan 1970 00:00:00 +0000

I bought a house at the beginning of 2011 and closed the deal april 30 2011. Can I still get a housing amendment tax credit for the purchase of my house. do they still have the housing tax credit for 2011

By: stevedenise

stevedenise — Thu, 01 Jan 1970 00:00:00 +0000

Also also, we studied the programs down to the fine print, if you live in an RV you are fine etc. We even have the dates correct but IRS MAIN LOCATION reply “applied prior to legislation passage, PLEASE PROVIDE PROOF OF HUD”. So hud papers cleared that up with local office agent. Why would they say before legislation passage. I am only concerned because the agent did what she could as a phone agent did once before then we were denied again. Each time they change their mind it costs $120 per month in late fees. I will opt out of ANY future tax credit plans. NO WAY. If I could pay the 8 grand back without the BS interest even though we currently owe nothing I think I would because someone can ping your return and it starts all over again.

By: stevedenise

stevedenise — Thu, 01 Jan 1970 00:00:00 +0000

We have been through the ringer with this. Approved, then 2 years later disallowed $9400 required ASAP, appealed with nice IRS agents. New letter Disallowance in ERROR by the IRS from the IRS. 2 months later bill for $9500 and threatening to seize property if not paid. Filed HUD papers and all good for now. What is scary and stinks is you can be OKAY then NOWAY? Also, I am so scared even though the IRS agent assured me all was well of getting another denial letter. Agents are generally nice.

By: CINDY10

CINDY10 — Thu, 01 Jan 1970 00:00:00 +0000

DOES ANYONE KNOW IF THEY ARE DOING THE REFUND FOR FIRST TIME BUYERS OF 2011..PLEASE LET ME KNOW.. THANKS

By: SammyJ

SammyJ — Thu, 01 Jan 1970 00:00:00 +0000

I am a recent home buyer. oct. 2011. i am wondering if there is anything for homebuyers still out there or not? please let me know

By: maryjanebrosnan

maryjanebrosnan — Thu, 01 Jan 1970 00:00:00 +0000

Great insights and discussions I find here! I hope somebody answers also my questions, my sister sold her house because she was afraid to pay her mortgage payments for the next month because she lost her job, but there still she hasn’t receive any foreclosure notice. The sale was successful, but after a month a notice came to the new owner of her former house stating that the house was in foreclosure addressed on my sister’s name. What shall we do?

Glad to hear answers. Thanks!

Las Vegas Foreclosures

By: maryjanebrosnan

maryjanebrosnan — Thu, 01 Jan 1970 00:00:00 +0000

Glad to hear answers. Thanks!

Las Vegas Foreclosures

By: fthbc

fthbc — Thu, 01 Jan 1970 00:00:00 +0000

i bought a home in december 2008 and moved 2.5 yrs later…now the IRS wants me to pay $1500 in penalties and $950+ in interest plus the $7500 back right away.

Is this right…how are we suppose to know that in this current job market, I would have to move and not be able to live in the house …..

By: Yanira C

Yanira C — Thu, 01 Jan 1970 00:00:00 +0000

Hello,
I still have a question now that year is ending and I haven’t complete the 5405 because I haven’t been sure about it…

If I enter into a contract on April 2010 with a builder to build my first new, and the house was to close on October but we closed on September 30th…am I still qualified?

I am asking the question because the form 5405 says something about the binding contract on July which is confusing…

Thanks!