The Federal Tax Credits Blog

Posts Tagged ‘realestate’

EEP100 – Lecture 10

2009 REALTOR Party Video Contest

Question: timeline for previous deployed soldier to recieve the $8,000 tax credit?

My husband and I are veterans. (me for a year now and he just got out a week ago, but is in the reserves for 2 years). He left for deployment last August and returned early in June. What is the time-line for us to receive the $8,000 tax credit. I had read awhile ago that he had a years from the month he returned. Recently a broker told me we have until April 2011 to sign-off on a home and till the end of June to close. Does anyone know the specific rule on this? Where I can find it? I have done research myself but have found conflicting info and am trying to get a final answer on this to resolve my question.
I shoud say- what is the timeline of the extension of the $8,000 tax credit for deployed soldiers

Answer: Here is the IRS page which discusses the tax credit for first time home buyers including military. It says you must purchase it by April 30 and close by June 30. I hope Obama gets credit for this one which is among many bills he signed and no one talks about.

http://www.irs.gov/formspubs/article/0,,id=203083,00.html

Warehouse would employ 500

Construction on the 1.4 million square-foot facility would begin almost ‘immediately’ after city approval, official says. A huge warehouse with the promise of 500 jobs could be under construction “almost immediately” at the business park on former Bethlehem Steel land pending city approval, which could happen next week.

$8000 Tax Credit Time Line

Question: Who should I contact if I’ve been scamed, out of my last years tax refund?????

I went to Express Tax in Millwaukee, WI in January 2006 to file my 2005 tax. I was approved for a RAL loan; however I was not informed at that time that I was due to receive the balance of my federal refund by check. It was not until today when I went to H&R block that I found out that I was due the balance.
When I contact Express tax service that informed me that the check was sent to there office and signed by some one who apparently frauded me out of my refund. Who can I contact to bring legal action against this company I did not even know about it and if I had received the check it would have been deposited into my personal credit union account. I feel that I have been scammed. Do I contact the IRS? Should I contact the bank and let them know I never received a check? When I asked the people at this company they refused to give me the name of the bank.

Answer: If you have been scammed then go to the local police and file a police report. Also put a freeze on your credit report.

Charlo woman sent to prison for bank embezzlement

MISSOULA – A Charlo woman will spend a little less than three years in federal prison for stealing more than $600,000 from a Polson bank. This spring, Kathy Sammons, 52, pleaded guilty to embezzlement from a credit union and money laundering.

ReceiveTax Credit? You May Owe Money to the IRS

Gillard reveals carbon price scheme

Australian households will be handed more than $15 billion in compensation to help offset the impact of the Government’s new carbon tax, Prime Minister Julia Gillard has confirmed.

NAR Info Central’s Video Update: Tax Credit Resources and your NAR Membership Card