The Federal Tax Credits Blog

Posts Tagged ‘home’

Question: I just bought a house, how do I get the first-time home buyer tax credit?

I purchased a house recently. I met the deadlines for the tax credit; I had a signed offer before the end of April, and I closed shortly after that (deadline for closing is end of June, I believe). I filed my taxes before I bought the home. So now I’m assuming I need to ammend them. I used turbotax, can I use this same program to file the first-time home Buyers Tax Credit? Do I need any special forms? Which ones? Would you advise to possibly wait until next year and file it with my 2010 taxes?

I just need some direction… a place to start so I can get the ball rolling on getting some money back before Obama spends it all! Any resources are also appreciated. Thanks

Answer: the 4506 has to be submitted with your amendment and that form spells out the papers you need to submit with it and no this cannot be done efling, has to be manual
before he spends it all? you don’t think it has already been spent and generations down the line will pay?

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Seven Ways to Make Sure You Meet Your Home Buyer Tax Credit Deadlines

Question: Concerning the Home Energy Tax Credit, what happens if your contractor will not break out the pricing for you?

I recently had insulation installed in my home. I need the insulation contractor to break out the material from the total bill. They said it is not possible. Do they leagally have to? Why or why not?

Answer: I don’t know if you can force him to itemize the invoice. I personally would not deal with any contractor that would not agree to an itemized invoice in the contract before any work started. As for their statement that ‘it is not possible’. That is false. If they don’t know how much they paid for materials, they shouldn’t be in business.

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Interpreting the results of the Altas report Energy savings resulting from incremental insulation and incremental solar system capacity relative to AB 1558 tax credit guidelines …

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Question: Is it true that you get your $8000 check in the mail 2 months after you go to close on the buy new home credit?

someone at work told me they bought a new home couple weeks ago. and went to close . he said he will receive the $8000 check in the mail in about 2 months for the new home Buyers Tax Credit. is this true. because i thought you had to put it in when you file your taxes next year.

Answer: You either have to file an amended 1040X form for your 2008 taxes or wait until you file your 2009 taxes. If he filed the 1040X, two months sounds about right.

New tax credit good news for first-time home buyers.(Business)(Taxpayers may be eligible for up to $8,000 that does not have to be paid back): An article from: The Register-Guard (Eugene, OR) $9.95 This digital document is an article from The Register-Guard (Eugene, OR), published by The Register Guard on February 26, 2009. The length of the article is 655 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: New tax credit good ne…

Rent to Own Homes Explained – Atlanta Georgia, GA

Home Energy Assessments