I am closing escrow on a home in November. I am a first time home buyer and was planning on amending my 2008 taxes to receive the credit quicker. Can I get the tax credit in the form of direct deposit to expediate the process?
michal1980 said: and it seems to be taking longer and longeryes, my cousin bought a house back in May and just got his check this week.
EggplantWizard
Dismembered Member
posted: Sep. 3, 2009 @ 3:58p
Check only, but you're still better off amending 2008 rather than claiming it in 2009 because the IRS will pay you ~ $120 more dollars. (Accrued interest)
Zan86
Senior Member
posted: Sep. 3, 2009 @ 4:18p
I just amended mine mailed it in about 3 weeks ago, they said could take 16-28 weeks. I dont know about DD, the form wanted my bank info so i dont know how they pay you
nasheedb
Senior Member
posted: Sep. 3, 2009 @ 4:31p
rmhop said: michal1980 said: and it seems to be taking longer and longeryes, my cousin bought a house back in May and just got his check this week.
It doesn't matter when the house was purchased, what matters is when the paperwork was sent in... I sent mine in 8/15, and so far I've gotten nothing.
EggplantWizard
Dismembered Member
posted: Sep. 3, 2009 @ 4:44p
I have a friend who closed and amended her return in early may and received her check last week, to give you an idea of timeframes.
Zan86
Senior Member
posted: Sep. 3, 2009 @ 4:49p
EggplantWizard said: I have a friend who closed and amended her return in early may and received her check last week, to give you an idea of timeframes.
Great so about 4 months?? Doesnt matter though just going into a money market..
lgyeresi said: rmhop said: michal1980 said: and it seems to be taking longer and longeryes, my cousin bought a house back in May and just got his check this week.
It doesn't matter when the house was purchased, what matters is when the paperwork was sent in... I sent mine in 8/15, and so far I've gotten nothing.he sent the papers in immediately
PianoLawyer
New Member
posted: Sep. 3, 2009 @ 5:00p
I closed on July 1 and filed my amended return July 2; received my check August 11.
michal1980 said: and it seems to be taking longer and longer Sent in my paperwork by certified mail, return receipt requested on 7/20. Got my check 8/31. 5 weeks isn't bad.
No, you can't get it direct deposit.
No, you don't have to pay an accountant to do it. Turbo Tax made it easy for me to amend my return.
I sent mine in the first week of August and still waiting.... Stupid government and how slow they work.. I called to check on the status and the rep told me its been assigned and sitting on the guys desk. So hopefully couple more weeks and I will have my check
89transam
Senior Member
posted: Sep. 4, 2009 @ 6:55a
polo2883 said: I sent mine in the first week of August and still waiting.... Stupid government and how slow they work.. I called to check on the status and the rep told me its been assigned and sitting on the guys desk. So hopefully couple more weeks and I will have my check
Yeah cause there are lots of private companies that handle complex documents for 300 million people and are not only willing to accept late paperwork but will mail you a check for $8,000 within one week!
maxpower47
New Member
posted: Sep. 4, 2009 @ 7:49a
I received mine by direct deposit (never heard of anyone else getting it like that though). I filed it on an amended return back in May and got it about 8 weeks later.
nothingevertodo
Happy Member
posted: Oct. 24, 2009 @ 6:56a
I finally got around to filing my 2008 taxes on October the 12th and I received my $8k credit yesterday via direct deposit. So... took about 8-10 business days. I was expecting more like 8-10 business weeks!
Is the only way to get it ASAP to amend the 2008 return right after closing on the purchase?
I heard there was a way to actually use it as the downpayment to close escrow.
Xnarg
Senior Member - 5K
posted: Oct. 24, 2009 @ 9:51a
89transam said: polo2883 said: I sent mine in the first week of August and still waiting.... Stupid government and how slow they work.. I called to check on the status and the rep told me its been assigned and sitting on the guys desk. So hopefully couple more weeks and I will have my checkYeah cause there are lots of private companies that handle complex documents for 300 million people and are not only willing to accept late paperwork but will mail you a check for $8,000 within one week!No private company could stay in business doing what the government does.
I amended my 2008 tax return and until now I haven't gotten mine. Filed in June 7th. I'm just wondering for those who have gotten their credit, did you also have to sent in proof of home purchase?
nothingevertodo
Happy Member
posted: Oct. 24, 2009 @ 2:50p
cookie23 said: I amended my 2008 tax return and until now I haven't gotten mine. Filed in June 7th. I'm just wondering for those who have gotten their credit, did you also have to sent in proof of home purchase?
My 10 day turnaround time wasn't from an amendment- I had filed for an extension.
I didn't have to show any proof of purchase. There is quite a bit of fraud out there.
warrendj
Addicted Member
posted: Oct. 24, 2009 @ 4:00p
I filed an amendment in July and got the check in less than 2 months.
nothingevertodo said: cookie23 said: I amended my 2008 tax return and until now I haven't gotten mine. Filed in June 7th. I'm just wondering for those who have gotten their credit, did you also have to sent in proof of home purchase?
My 10 day turnaround time wasn't from an amendment- I had filed for an extension.
I didn't have to show any proof of purchase. There is quite a bit of fraud out there.
The government is starting to crack down, with the Inspector General of the Treasury issuing a scathing report regarding thousands of people who claimed some form of tax benefit for home ownership before and now claiming that they never owned a home in the last three years.
nothingevertodo said: ...I didn't have to show any proof of purchase. There is quite a bit of fraud out there.Fraud related to government hand-out programs?
I would like to seller finance some homes , but looking for a faster way for the buyers to get the $8000 than waiting months on their amended 2008 taxes.
Zan86
Senior Member
posted: Oct. 25, 2009 @ 10:34a
Closed August 5th, amended my tax return a week later and as of today, still nothing..
HEPennypacker
Senior Member
posted: Nov. 24, 2009 @ 10:04a
I amended my tax return in September, and got the check yesterday (with interest). I received my refund earlier in the year by DD.
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