Claim the First Time Buyer Tax Credit with IRS Form 5405

And hope that the estimated four-month wait period is shorter than presently indicated!

Right now, the IRS is requiring all who claim the credit to mail in their returns (no e-file) and to expect a 4 month delay.

More people took advantage of the credit than planned and there was also some pretty horrible fraud. There are cases of individuals who were first-time buyers over 100 times in 2009. Talk about “duh factor”… in any event, the IRS is still going ahead with the credits, you can get the credit, you can amend previous year’s returns… you just have to wait awhile since they are demanding:

  1. Prove it
  2. Earn it.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s