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Home Buyer Tax Credit Update- You no longer can e-file. Did I mention delays?

By
Real Estate Agent with Keller Williams Realty

News! If you plan on filing for your $8,000 or $6500 tax credit, you will be unable to e-file your return. You will have to do it the traditional way...snail mail! Also, be prepared for long delays..some as long as four months. Why the delay? For once it is not the IRS...instead it is folks who are scamming the system who are slowing down the process for all and weeding them out! Unbelievable! 

 

If you plan on filing for your credit you must submit the 5405 Form ( can be found below) proof of residency, a signed mortgage statement & a copy of your drivers licence. You can still use the electronic forms, but is must be printed out and mailed with the items mentioned above. This all can take longer, but at least this will weed out the folks who will scam..and eventually the process will move quicker.  

 

The government has released the new filing form which can be found here in PDF format. http://www.irs.gov/pub/irs-pdf/f5405.pdf

 

 

 

Guess we can look at it this way...at least you will still get your credit...in due time.

Comments (3)

Gina Chirico
Lattimer Realty - Fairfield, NJ
Real Estate Agent - Essex County, New Jersey

Hi Kristina.  It's unfortunate that delays are now being forced due to scammers.  Better late than never, I guess. 

P.S. Still waiting on my husband's aunt and uncle to make a decision if they are interested in selling or not.  I'll keep you posted.  Thanks!

Jan 18, 2010 07:18 AM
Kristina Zack
Keller Williams Realty - Enfield, CT
Real Estate Specialist in Enfield

Thanks Gina! Thanks for the update and Happy New Year!  :)

Jan 18, 2010 07:23 AM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Hi Kristina. I wanted to congratulate you on your sale (other blog post) but comments were disabled. So kudos on Another Home Sold By Kristina Zack in Tolland, Connnecticut.

Mar 03, 2012 01:41 AM