Tax Credit Broker
July 11th, 2009
Question: First time home Buyers Tax Credit questions…….?
I met w/ my bank today for a pre-approval on a loan & have a few questions I can’t seem to find the answer to. First of all, does anybody know how long you can do an amended return? Is there are cut off date? Secondly, the mortgage broker said she didn’t know how it was possible but some of her customers are getting this money before they buy the house, then if you don’t buy the house you have to pay it back. Has anybody heard of that or have any info on it? Lastly, this doesn’t have anything to do w/ the credit, but b/c my husband has only been at his job a few months & his job says he’s “per diem” (even though he works nearly 50 hours a week) they will not use his income for our loan. Meaning the deed will only be in my name. I feel horrible about this & I can tell it really upset my husband. We are in PA, anybody know if there is anyway to get him on the deed afterward other than refinancing? The rate is so low, I don’t know what we would refinance to.
Answer: First, the loan would be in your name, but the deed (ownership) can be in both names.
You can ONLY get the credit if you have already settled. NOT BEFORE. If people are filing their taxes and claiming the rebate before actual settlement, this is FRAUD.
It is my understanding that if you settle before April 15 you can claim this year. If you settle after April 15, you claim next year.
Retailers faced tough year
A desperately slow spring and summer made Stocks Gentlemen’s Clothiers on Hyde Park Square pull the plug after 15 strong years. It joins many retailers and restaurateurs that closed in 2009, leaving holes in retail centers. Don’t expect the closures to stop.
HOw Do I Get My Tax Credit?
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