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re: $7500 tax credit - clarification

Posted on 2/10/09 at 10:22 am to
Posted by TheDoc
doc is no more
Member since Dec 2005
99297 posts
Posted on 2/10/09 at 10:22 am to
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 2/10/09 at 10:23 am to
Me too, I'm just waitin on Prez to save us all, that's all I remember people saying on the news.
Posted by poboydressedplease
Member since Jul 2008
9174 posts
Posted on 2/10/09 at 10:23 am to
in your case you could get 7500 MORE back on top of the other 7500. I'd wait this week atleast Obama said he WILL sign this mess by presidents day.
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 2/10/09 at 10:24 am to
quote:

Obama said he WILL sign this mess by presidents day.


Only if the house and senate can have it ready by then? I hope so, that's the 16th, my closing date is supposed to be the 17th.
Posted by Ziggy
Member since Oct 2007
21512 posts
Posted on 2/10/09 at 10:25 am to
quote:

I'd wait this week atleast Obama said he WILL sign this mess by presidents day.

Yeah, but it all depends on which one he signs / gets enacted - which will determine if I get $15K or $0.
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 2/10/09 at 10:28 am to
People that pay little taxes have little income.
They are the ones that need the help. In order to pay 15K in taxes, you would have to make at least 90K, im guessing. Does that person need that much help to buy a home?
NO
Posted by TheDoc
doc is no more
Member since Dec 2005
99297 posts
Posted on 2/10/09 at 10:28 am to
quote:

which will determine if I get $15K or $0.


ouch
Posted by poboydressedplease
Member since Jul 2008
9174 posts
Posted on 2/10/09 at 10:29 am to
Obama will cut into prime TV every night and blowhard it to be rushed don't worry.

the sad thing is the whole bill is ludicrous yet has this money in it for some but you got to have all the ACORN peeps and lil league Baseball fields in PR and golf courses and doorbells getting theirs while you get yours! So no one can bitch! Obama is good, he is SO GOOD it is scary!

Should I go make a youtube video that OBAMA IS PAYING MY MORTGAGE and GAS bills?
Posted by Ziggy
Member since Oct 2007
21512 posts
Posted on 2/10/09 at 10:31 am to
quote:

ouch

Sucks doesn't it?

BTW, who did you use as your CPA?
Posted by TheDoc
doc is no more
Member since Dec 2005
99297 posts
Posted on 2/10/09 at 10:41 am to
didn't use a CPA, although i probably should have.
Posted by Ziggy
Member since Oct 2007
21512 posts
Posted on 2/10/09 at 10:43 am to
quote:

didn't use a CPA, although i probably should have.

Well how did you get the $7500 credit early then (i.e. before you actually closed)?
Posted by TheDoc
doc is no more
Member since Dec 2005
99297 posts
Posted on 2/10/09 at 10:55 am to
I actually went back and amended.

so technically didn't get it before closing.
Posted by Ziggy
Member since Oct 2007
21512 posts
Posted on 2/10/09 at 10:58 am to
quote:

I actually went back and amended.

so technically didn't get it before closing.

So, did you e-file?

If I'm understanding it right, you filed without the tax credit ON PURPOSE, then went back and did an amended return and claimed the $7500 tax credit?

I just want to know how exactly you managed to get around it, because on TaxSlayer you can't put in a "future date" when it asks for the "purchase date" on the credit form.
Posted by Ziggy
Member since Oct 2007
21512 posts
Posted on 2/10/09 at 11:13 am to
Let me know Doc..
Posted by TheDoc
doc is no more
Member since Dec 2005
99297 posts
Posted on 2/10/09 at 11:17 am to
quote:

TaxSlayer


there's the difference i guess

Posted by Ziggy
Member since Oct 2007
21512 posts
Posted on 2/10/09 at 11:18 am to
Well what did you use?
Posted by The Cable Guy
Baton Rouge
Member since Aug 2004
9692 posts
Posted on 2/10/09 at 11:21 am to
Well I guess I am screwed. I bought in 2008, already e-filed and got my 7500. Guess I have to pay it back.
Posted by TheDoc
doc is no more
Member since Dec 2005
99297 posts
Posted on 2/10/09 at 11:27 am to
looks like it.
Posted by Ziggy
Member since Oct 2007
21512 posts
Posted on 2/10/09 at 11:32 am to
Doc, what did you use to file bro?
Posted by TheDoc
doc is no more
Member since Dec 2005
99297 posts
Posted on 2/10/09 at 11:36 am to
jax hewitt
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