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QUESTION FOR TAX EXPERTS & KNOWLEDGEABLES?
When a first time home buyer entered into a binding contract in February 2010 to purchase a home, and the purchase was completed on May 28, 2010, Does the first time home buyer qualifies for the first time home buyer tax credit claimed in his/her 2009 tax return? According to the IRS examiner the answer is "no" because the house was purchased after March 31, 2010. According to banks and real estate agents, the answer is "yes".
Note: If you need more details, feel free to ask by sending me a message.
Wayne Z, I also found strange that 3/3/2010 told by the IRS examiner.
If anyone else went through the same issue, please let me know what you did to resolve it. I hope the available option is not to sue the IRS.
To everyone. Thanks for your answers and comments. All documentary evidence was submitted in three separate occasions. IRS examiners (in Cincinnati) denies that the IRS extended any datelines. An appeal submitted through the IRS Taxpayer's Advocate Office (in NY).
To the tax preparer or lawyer who e-mailed me the info: You gave me your fax number, not your phone number.
7 Answers
- Anonymous1 decade agoFavorite Answer
Heck, it qualified even before the extension.
Print out page 9 and send it to him.
- Wayne ZLv 71 decade ago
As long as there was a binding contract by 4/30/10 and the purchaser closed by 9/30/10, the home buyer should get the credit. They should be able to get it on their 2009 or 2010 return.
I have not heard this March 31 date at all in reference to the credit.
- JudyLv 71 decade ago
If by "purchase was completed" you mean closing, yes you should be eligible. If you filed for the credit and it was rejected based on the dates, file an appeal. Did you include proof with your original filing that you had a binding contract in February? If you didn't, that could be the problem.
- Anonymous1 decade ago
He's eligible to claim the first time homebuyer credit since it was extended till September 30, 2010 and the person closed on the house way before that.
Source(s): www.nytaxpreparer.com - How do you think about the answers? You can sign in to vote the answer.
- nanceyLv 44 years ago
there isn't any scientific deduction for any therapy from scientific marijuana. The federal tax policies do no longer know the state's rulings approximately whether marijuana or the different controlled substance is criminal. alongside the comparable strains, expenditures incurred in the sales of drugs, including those incurred in working one among those marijuana pharmacies, are particularly no longer deductible under the federal tax code.
- 4 years ago
there is not any scientific deduction for any therapy from scientific marijuana. The federal tax regulations do not comprehend the state's rulings approximately however if marijuana or the different controlled substance is criminal. alongside a similar strains, expenditures incurred interior the sales of medicine, which incorporates those incurred in working a sort of marijuana pharmacies, are specifically not deductible below the federal tax code.
- troLv 71 decade ago
if you were eligible for the credit you can amend your 2009 return to claim it if this would result in a better refund for you
