Updated First Time Home Buying Tax Credit Rebate Information
The April 30th deadline for filing for a first time home buyer federal tax rebate has technically passed. That being said – there’s a little wiggle room for those that qualify and have entered into a binding agreement. For those who did file on time, we’ve compiled substantial information pertaining to the filing process as well as what you should expect from the IRS as far as your rebate’s concerned.
Background Information:
On November 6, 2009, the Worker, Home-ownership, and Business Assistance Act of 2009 went into effect. This Act provided tax rebates up to $8,000 for qualifying first time home buyers in the U.S. In this case, the federal definition of a first time home buyer is, “a buyer who has not owned a primary residence during the three years up to the date of purchase,” (www.irs.gov.) The initial deadline for these rebates was last November, however, an extension was granted, allowing rebate applications up until last Friday, April 30th.
TurboTax.intuit.com provided the following help regarding Home Purchase Documents Required by the IRS (applicable to both 1st time home buyers and long-time home buyers)
- A copy of Form HUD-1, Settlement Statement, or other settlement statement. Find complete instructions here http://edocket.access.gpo.gov/cfr_2009/aprqtr/24cfr3500AppA.htm.
- For purchasers of mobile homes who are unable to get a settlement statement, a copy of the executed retail sales contract showing all parties’ names and signatures, property address, purchase price and date of purchase.
- For a newly constructed home where a settlement statement is not available, a copy of the certificate of occupancy showing the owner’s name, property address and date of the certificate.
For long-time home-buyers only:
To qualify, eligible taxpayers must show that they lived in their old homes for a five-consecutive-year period during the eight-year period ending on the purchase date of the new home. To claim the credit, long-time residents must attach the documents above. The IRS also recommends attaching any of the following to document the five-consecutive-year period:
- Form 1098, Mortgage Interest Statement, or substitute mortgage interest statements,
- Property tax records or
- Homeowner’s insurance records.
(http://turbotax.intuit.com/support/kb/tax-content/tax-tips/6360.html)
If a rebate remains in limbo one channel of recourse remains the simple phone call. While speaking with an IRS agent may not always provide a direct answer, it’s at least one way to obtain the current status of a rebate, even if it’s not the information one wants to hear. The IRS can be contacted at ww.irs.gov
For those in need of an official IRS phone number, contact the Examinations department at 866.897.0177.
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I filed my tax return 5 months ago and have not recived a check. Every time I call they give me the run around, last time I called they said my return was being reviewed and it would be at least another month!! I think they’re just stalling.
I am waiting for my first time buyers check, is there a contact phone number, i can call to check? it has been more than 12 weeks.
Thank you
carrie harden
Hi Ms. Anderson Harden,
Thank you for your comment. You are not alone in your quest to track down your refund - or at least get a straight answer from the IRS. The IRS lists this number to contact with general questions 1-800-829-1040. however many WhattoKnow community members have contacted their local Taxpayer Advocate for help. To find your advocate, visit http://www.irs.gov/advocate/content/0,,id=150972,00.html
Thanks for sharing a clear guide here. This will help the first time home buyers. Nice sharing the exact resources here. Keep posting.
I sent my rebate paperwork in on 24 May for my 8,000 dollar rebate, I have heard nothing, When can I exspect my rebate check?. I was told longer than 12 weeks is rare!
I’ve spoken to two different women at the IRS (1-800-829-0582 ext. 432) and received two different stories. The first woman said 2-4 weeks while the second said she had NO idea why I was told that. She said it takes 12-16 weeks at the least to process an ammended return.
I submitted Form 1040X Amended U.S. Individual Income Tax Return through HR Block on April 9, 2010. I have yet to receive any response whatsoever. Neither a request for additional documentation or anything.Do you know how I should proceed from hear. I’ve gathered all the telephone numbers in all of the earlier responses and tomorrow will hit the pavement and call all of them until I get an answer. Any other suggestions?
Sincerely,
Tax raped
It’s been over 33 weeks and I haven;’t received a peep! Please help any suggestions, the kids will be happy and I think I’ll be able to sleep a good night’s rest.