$8000 Where's The Credit?

By
Real Estate Agent with Coldwell Banker Residential Brokerage

One of my favorite clients, who has just passed the CPA Exam (congratulations Katya), became first time home buyers in 2009, the date was my birthday October 9, which is why I will always remember it.  Rather than wait for their 2009 return, she filed a revision for 2008 and was expecting the credit before the end of the year. 

As you can probably guess, we are in the last week of February and no credit yet, the IRS doesn't have the manpower to deal with this right now.  The good news is that she is getting 5% interest on the $8000 going back to December.  Guess who's paying for that?

For more information, check out www.MaineHouseValues.com

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Location:
Maine
Groups:
1st Time Buyers
Coldwell Banker Group
Maine ActiveRain
New England Professionals
Realtors®
Tags:
8000
8000 first time home buyer tax credit
tax credit
first time home buyer

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Rainer
156,491
Tom Boos
Sine & Monaghan Realtors, Real Living

The wheels of progress sometimes turn VERY SLOWLY.  Congrats to your Buyer.  Remember to tell them that Patience is a virtue.

February 24, 2010 10:09 AM
Rainer
405,885
Randy Ostrander
Real Estate Broker, Serving Big Rapids and West Central MI
Lake and Lodge Realty LLC

Not surprising. Some people count on a timely credit and will take issue. Thanks for pointing it out Rick so I can at least let them know there may be a delay.

February 24, 2010 10:12 AM
Rainer
133,547
Rick Beal
Coldwell Banker Residential Brokerage

Tom - They are quite content with the 5% rate of return, where else can you get that?

Randy - It's a strange world out there and we can't control it.

February 24, 2010 11:03 AM
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Rainer
133,547

Rick Beal

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