One of my favorite clients, who has just passed the CPA Exam (congratulations Katya), became first time home buyers in 2009, the date was my birthday October 9, which is why I will always remember it. Rather than wait for their 2009 return, she filed a revision for 2008 and was expecting the credit before the end of the year.
As you can probably guess, we are in the last week of February and no credit yet, the IRS doesn't have the manpower to deal with this right now. The good news is that she is getting 5% interest on the $8000 going back to December. Guess who's paying for that?
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