The Federal Tax Credits Blog

Question: what happends if your file for the home Buyers Tax Credit after nov.6 2009. unaware of the changes.?

i did attach a closing statement. will my refund be held up. this was not an amended return
i closed on nov 20, 2009 filed my very late 2008 taxes on nov 23, 2009 using the old version un aware of the changes. i did include a copy of my closing statement. will my refund be delayed

Answer: It wasn’t an amended return? What was it? Were you just filing very late for 2008? It’s too early to file a 2009 return. If you weren’t filing an original 2008 return, and just sent the form for the credit and the closing statement, they’ll probably send it back to you since it wouldn’t be a proper filing – and that isn’t something that changed with the new 11/6 law. When did you close? If you closed after 11/6 you are supposed to wait for a revised form 5405.

Tax credits fuel surge in home sales in April

MANATEE — Federal tax credits helped spur a home-buying spree in the Sarasota-Bradenton market last month, with sales of existing single-family homes 32 percent higher than a year ago, the Florida Realtors trade group said Monday.

First Time Home Buyer Tax Credits— You dont have to pay back!!!!

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