I bought my first home in August (after three years of saving) which way would I get the 8000 first time home?
June 22nd, 2010 by
which way would be the fastest way to get $ 8000. first time buyer credit if
I amened my 2008 tax’s or
wait till I file my 2009 tax’s
I usually use turbo tax to file my tax’s, I get my return in 8 -15 days
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I would amend now.
If you wait until January to file, you may discover that the IRS refunds everything except the FTHB credit in 8 days.
The IRS is doing 100% verification on these credits so it’s slowing them down considerably.
Right now the wait time for amended returns is 16 to 20 weeks. Personally, I would wait and file for it on my 2009 return. It is true, however, that when you file next year, part of your refund may be withheld until the verification process is completed. So many people abused the system that the IRS was forced to place the whole program under scrutiny.
file your 2009 return including form 5405