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Google Q1 2010 Earnings Call

Question: I received money from a QDRO/divorce. I used $20,000 of this for downpayment on primary residence. Tax credit?

I paid taxes on the entire amount and then paid the $20,000 downpayment on my new residence/primary residence. If there is a credit or something for this, what form/s would I use and where could I find more information on this?
Thanks!

Answer: In USA, you don’t get a tax credit for putting money down on a house – only for mortgage interest and real estate taxes once you begin making mortgage payments and you’ll get a 1098 form showing how much you can claim each year

Capitol Report looks at tax credit and exemption task force, primary care physician shortage

Builders Push ‘Green’ to Stand Out in Foreclosure-Filled Market

In the 20 years Ron Betenbough’s company has been building homes in west Texas, he’s always been willing to compete on price. Now, in a market crowded with cheap properties, he’s also touting environmentally friendly construction and energy-saving features.

23. Renewable Energy Policies

Market overview: FTSE 100 finishes down 34

1630: Close It was a dull finish for the Footsie as losses in the utilities and banking sectors offset strong gains for telecommunications stocks. Centrica led the fallers after saying it expects profits …

66Talking ED – New Market Tax Credit v2.mov

Question: Adoption Credit Form 8839?

I adopted a child as a second parent adoption and it was finalized in December of 2009. I did not report it on my 2009 taxes. I incurred expenses in 2009 and 2010.

I think I need to claim my 2010 expenses on my 2010 return and amend my 2009 return for those expenses.

I am working on my amendment to my 2009 return. I keep getting a 0 on line 18 of the 8839. I did not spend more than the 12150 maximum. Should I get a credit on my 2009 amended return for my expenses or do I have to use the carryforward worksheet?

Thank you.

Answer: yes

IRS Sticks To April 18 Tax-Filing Deadline Even If Government Shuts Down

The Internal Revenue Service will delay processing tax returns filed on paper if many government functions shut down April 8 because of the budget stalemate in Congress, potentially stalling refunds for millions of taxpayers.

Tax Tips 2010 #9 of 20