Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-31-2009, 12:29 PM
Junior Member
Join Date: Dec 2009
Posts: 4
First Time Homebuyer - News to me

My mom is eligible for the First Time... credit. We just learned through her amended 2008 tax return that the rebate is not, in fact, $8000. but 10% of the purchase price. Never in any advertising or conversations with CPA was the 10% mentioned. This is quite frustrating as major decisions were made as far as titling of the property, etc. with the $8000. rebate in mind.

Has this been revised - other than originally having to 'pay back' the rebate?

Why is there no mention of the alternate 10% -whichever is smaller- in the promotional ads? There is no notice to check for details or any fine print. It has always been, from what I have heard, $8000.
Thank you, in advance for any replies!

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ten Facts about the First-Time Homebuyer Credit Samatg Homeowner Tax 2 01-16-2015 01:32 AM
First Time Homebuyer credit confusion Chp223 Tax Credit 0 10-25-2009 12:48 PM
First-Time Homebuyer Credit and MRBs toofastcomet Homeowner Tax 0 02-05-2009 03:36 PM
First time Homebuyer credit bunny Homeowner Tax 2 01-25-2009 11:26 PM
First-Time Homebuyer Credit Between Taxpayers Who Are Not Married Samatg Tax News 0 01-15-2009 04:59 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning