What other forms that I must be considered with the 5405 again to make sure I am Time Homebuyers Credit?

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My wife and bought a house in September and there were a few tires and frustration that we had been to qualify for the loan. The main problem was that the loan was subject to qualify as first time buyers under the same rules that apply to the tax credit. Although this purchase was actually my first home, my wife had been married and bought a house with his ex now, banking and building societies lawyers were convinced that this is not the purpose of owning a House in the last 3 years because the verbiage of the divorce decree, which he set at the house in his name, and met the discharge document that showed the three years have passed. The reason there was a problem because it is not refinanced their original loan, although not on the title it has been in the mortgage market, but it did not respond must be by the divorce decree. It should be noted, it is now completely Hypothek.Während this before I hope this will not argue with us, the tax credit disturbing, I fear that the IRS, if nothing else try to drag the process our tax returns. Am I in copies of the divorce decree and the Quit Claim deed together with all other forms? Or is it exaggerated or even cause a further delay? How does the IRS also track how long a person without owning a house party? I also wonder if I e-file without the use of credit and an amended return later so we can quickly the rest of our tax return to obtain advice Datei. Jede is expected.

  1. Reply
    May 15, 2011 at 12:38 am

    I have not heard of the IRS requiring proof that a home was not owned in the last 3 years. Was the Quit Claim Deed recorded so you can get proof she no longer owed the home with her ex-?

    You need to mail the 5405 with a copy of the HUD statement showing the buyers and sellers names. If you are buying a mobile home, you need a copy of the sales contract.

    You cannot e-file with a 5405 and the attachments. You can efile the 2009 return and get the remainder of your money. Then you can amend and get the rest. It can take up to 3 months to get the rest. You might also be able to amend your 2008 return.

  2. Reply
    May 15, 2011 at 12:43 am

    Latest from IRS:
    In addition to filling out a Form 5405, all eligible homebuyers must include with their 2009 tax returns one of the following documents in order to receive the credit:
    A copy of the settlement statement showing all parties’ names and signatures, property address, sales price, and date of purchase. Normally, this is the properly executed Form HUD-1, Settlement Statement.
    For mobile home purchasers 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.

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