LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

If you already filed for your 8K tax credit...

Posted By Message

ruby
you rang?

Member since 6/08

5573 total posts

Name:

If you already filed for your 8K tax credit...

Is it really as easy as it seems? I feel like I'm missing something... Just fill out the 5405 form on the website, send in a copy of that HUD agreement and we're all set? Do we also have to refile our taxes in general, is that what I'm missing?

Posted 6/21/10 11:04 AM
 
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource
  |   Long Island Weddings

HeatherRose
Life is Good :)

Member since 11/07

6605 total posts

Name:

Re: If you already filed for your 8K tax credit...

you can't just fill out the form and send it in, it must be attached to either an original return (if you haven't filed) or an amended return if you already filed 2009

Posted 6/21/10 11:36 AM
 

ruby
you rang?

Member since 6/08

5573 total posts

Name:

Re: If you already filed for your 8K tax credit...

Posted by HeatherRose

you can't just fill out the form and send it in, it must be attached to either an original return (if you haven't filed) or an amended return if you already filed 2009



Ok, so humor me for a minute since I'm tax clueless. We had our taxes done by a local tax guy, I'd rather not pay him more money so to amend our 09 taxes, is there another form we have to fill out to do this? TIAChat Icon

ETA: Just looked at the irs site, is it the 1040X that we have to fill out to amend?

Message edited 6/21/2010 12:02:03 PM.

Posted 6/21/10 11:59 AM
 

HeatherRose
Life is Good :)

Member since 11/07

6605 total posts

Name:

Re: If you already filed for your 8K tax credit...

Posted by ruby

Posted by HeatherRose

you can't just fill out the form and send it in, it must be attached to either an original return (if you haven't filed) or an amended return if you already filed 2009



Ok, so humor me for a minute since I'm tax clueless. We had our taxes done by a local tax guy, I'd rather not pay him more money so to amend our 09 taxes, is there another form we have to fill out to do this? TIAChat Icon

ETA: Just looked at the irs site, is it the 1040X that we have to fill out to amend?



I highly recommend you amend them with an accountant or CPA. Amended returns are the most reviewed returns. if he pushed it just a little bit, I would hate to see you get audited. It shouldn't cost you much to amend them with him for the credit and then you have peace of mind its done right.

Otherwise, you need to amend what he did on your own. not really that easy, unless you used 1040ez form the first time around.

Posted 6/21/10 12:41 PM
 

JessT
LIF Infant

Member since 6/08

323 total posts

Name:

Re: If you already filed for your 8K tax credit...

I had mine amended through my accountant. he only charged 60.00 total and we did my husbands and mine separately. very easy. it isn't e-filed though, so it took about 8 weeks to receive the money.

Posted 6/21/10 3:26 PM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
does anyone think they will extend the buyers tax credit for homes? rileysmama 4/10/10 13 Home
HURRY, time is running out for home buyers to take advantage of Federal Tax Credit. Law Office of Wendi A. Lindsey 3/9/10 0 Business Helping Families
Just a little FYI on the 8,000 tax credit... VirginiaDeb 3/21/09 2 Home
for all those getting the extra money in your pay check due to the "making work pay tax credit" a BIG FYI HeatherRose 3/13/09 15 Families Helping Families ™
can someone answer a question about the 8000 tax credit if you buy a house in 2009 04bride 3/11/09 1 Home
Will you claim the First-Time Home Buyer Tax Credit? CaMacho 7/31/08 48 Home
 
Quick navigation:   
Currently 357052 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows