Comments on: $8,000 Tax Credit for First Time Home Buyers!

By: NO extension for homebuyer tax credit! « Homebuyer's Advocate!

NO extension for homebuyer tax credit! « Homebuyer's Advocate! — Wed, 14 Apr 2010 13:55:55 +0000

[...] Tax Credit For First Time Home Buyers! [...]

By: Tax Credit Bonanza!!! « Homebuyer’s Advocate!

Tax Credit Bonanza!!! « Homebuyer’s Advocate! — Mon, 22 Feb 2010 22:00:50 +0000

[...] for 1st time home buyers extended until April 30, 2010, must close by June 30th, 2010. Click HERE for more [...]

By: JoJo John Jnr

JoJo John Jnr — Wed, 14 Oct 2009 23:30:45 +0000

Hello there.
I saw yer thread
Very absorbing
In fact I have been researching for this for ages
mybuyerbrokerblog.com is definitely on my bookmarksnow.
Great effort congratulations!
John

By: Michael

Michael — Thu, 24 Sep 2009 16:17:32 +0000

Dustin, Thank you for your comment. I’m really sorry about your problems with the 1st time home buyer tax credit. I’ve had many, many clients close this year and amend their taxes to receive the $8,000 tax credit. All of my clients have had no problem receiving the $8,000. Our experience has been totally opposite your experience. Most of my clients are amazed at how easy it is to amend their tax return and receive the 1st time home buyer tax credit.
Did you have an accountant or tax preparer help complete your taxes? Was all paperwork and documentation completed correctly?
Have you gone directly to the IRS web site. They have an excellent FAQ’s section dealing with the $8,000 tax credit.
Good luck,
HomeBuyer Advocate Mike

By: Dustin

Dustin — Thu, 24 Sep 2009 16:03:15 +0000

So I have the one golden question that I have posted to many sites and can’t get a solid answer on: What in the world is taking so long?? I mean this is ridiculous…I filed mine six months ago and nothing. As a matter of fact they are telling me it could be longer if they decide to put it under review. I need to get a job with the IRS because any job where they give you a 16 week deadline to get something done and if you don’t all they do is extend your deadline…that’s the job for me. I got a sneaky suspicion that something had gone bad with this plan. This is starting to sound like the same mess we got in when we started financing people houses when they couldn’t afford it. They need to realize that if you qualify for this credit..then $8000 is a lot of money to you, and you’ve probably put things off or took a mortgage that was more than you wanted because $8000 will solve a lot of problems and pay off a lot of bills. Maybe that’s just me though. Gimme my money Uncle Sam, if I owed you I could be put in jail for not paying, but when you owe me there’s absolutely no care in when I get paid!

By: bonnie

bonnie — Sat, 29 Aug 2009 01:25:59 +0000

hi. I was in a rental that went into foreclosure and had to move. I am on an owner contract on a mobile home its my first purchase. Do I qualify? my income does.

By: Michael

Michael — Thu, 13 Aug 2009 12:48:27 +0000

Martha, If you purchase the home just in your name then you would qualify. But, this means getting your mortgage loan ONLY in your name. If your husband is on the mortgage loan and/or he is using the new home as his primary residence then you will not qualify for $8,000 tax credit. I’m sorry. But, you should also check with a an accountant or qualified tax preparer before making any final decisions. Good luck!

By: Martha

Martha — Wed, 12 Aug 2009 22:20:07 +0000

My husband purchased a home way before we ever met and the house is in his name only. We are looking to sell his house and buy a new one. If I put the house in my name only, do we qualify for the first-time homebuyer tax credit?