The Federal Tax Credits Blog

Archive for the ‘Tax Credit Payments’ Category

Question: tax credits overpayment! again! ?

2 years ago they overpaid me by £1400 which im still paying back. Now they have just written to me again saying i owe them another £477 from April 07 till Dec 07, this was nearly a year ago. Why do they keep doing this too me? im already paying back £100 a month and cant afford any more. its so frustrating i thought they were supposed to help people not keep getting them in debt. Theyu say there is nothing they can do about it but surely there is? they cant even tell me why it was overpaid. what can i do?

Answer: Go to your local CAB they will write a letter for you to them, they are pretty good at getting over payments over turned. If it was an error on their side then they should admit their fault and not charge you. Good luck

(AFX UK Focus) 2010-05-29 04:44 Glance-PRESS DIGEST – Financial Times – May 29

Financial Times

Senate Session 2010-04-14 (13:49:24-14:45:40)

Is Serbia right to apologise?

Serbia’s parliament has apologised for the 1995 Srebrenica massacre. Your reaction?

1/8/10: White House Press Briefing

Question: Question about the $7500.00 Tax credit for first time home buyers.?

I’m a First time home buyer and I have a question about the tax credit. I know I’m grasping here but I figured it was worth a shot. I closed on my home in March 2008 but was not required to make the first payment until May 2008. I know you must have made your purchase between April 2008 and June 2009. Is purchase date the day you closed or when you made your fist payment. I know what I want the answer to be but probably isn’t. Thanks!

Answer: Answer is when you first had occupancy of your house, which is usually the day you closed, unless you can prove that you did not move in until after April 9th (show a rentback agreement or a clause in th e contract from a builder). Sorry, it is not the first payment date.

Briefly: March 31

Read about what’s happening in and around Plymouth.

Recovery: Economic Recovery Payment Mistake – March 2010 (ASL, Captions & Voice Over)

Question: has anyone had an overpayment on their tax credits,if so what happened and did u have 2 pay it back?

Answer: Because hubby and I are self employed and they give us our tax credit on what they think we will make next year based on what we made this year, we got hit pretty hard. We made a rubbish profit a couple of years ago so last year they gave us some money. We then made a good profit last year and because we did they demanded all the money back that they had given us. Because this year’s is based on the good profit we made last year, we get nothing. So we are paying it all back in monthly installments.
If we make a rubbish profit this year, then theoretically they owe me for what they haven’t given me plus what they assume I will make next year. But I daren’t spend it in case they demand it all back the year after!!

It’s all so complicated and a totally stupid system, especially for the self employed.

MENIFEE: City launches finance review

A review of the city’s financial systems is slated to launch this week on the heels of several billing irregularities that have recently come to light.

Labor Unions Protest in New York Against Bailout

Question: Do they do a credit check on you to qualify you for the $8000 tax credit as a down payment for a new home?

There is a new neighborhood of new homes, they say that if you qualify for the $8000 tax credit, that you could use that as a down payment so I will put $0 down. Will they (not the IRS but the ones that are gunna sell us the home) do a credit check on me and my husband?

Answer: They have to do a credit check, not for the $8,000, but because they have to finance the rest of the apartment value. They are letting you use the $8,000 as down payment, which is fine. The $8,000 is for first time buyers, which I believe you are.

Sponsored By:

IN THE CIRCUIT COURT OF THE FOURTH JUDICIAL CIRCUIT, IN AND FOR NASSAU COUNTY, FLORIDA Case No. 2010 DR 104 Division: B Steven William Phelps, Petitioner, and Sebastian Otte, Respondent.

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