Home Buyer Tax Credit Extended, Expanded Nov 11, 2009
Buyers can claim the credit on their 2009 taxes, even if the purchase is made in 2010 by filing an amended return. DiBenedetto said "This will also assist in selling the short sale inventory that those buyers were afraid to consider because of the time frame involved in closing them when they were on this deadline to close by the end of the month (November).". (RealtyTimes)
IRS Offers Tax Relief for Jumbo Home MortgagesA new IRS ruling is a boon to luxury homeowners. Nov 1, 2009
Moreover, taxpayers can file amended returns for the past three years and claim thousands in refunds ... (For more on time limits for filing an amended return and claiming a refund. (ABC News -- Business)
Time is Running Out for First-Time Home Buyer Tax Credit Oct 28, 2009
In the former case, an amended return can be filed. By all accounts the program has been extremely popular which is to say, successful. (RealtyTimes)
Jobless? It may be time to convert to Roth IRA Sep 20, 2009
You will get back the taxes you paid, plus interest, as soon as the amended return is processed. Undoing a conversion: That brings us to the second strategy. (San Francisco Chronicle -- Business)
Shapiro tax filing shows a steep loss Aug 5, 2009
The amended return for the Carl & Ruth Shapiro Family Foundation, a copy of which was obtained by the Globe, is for the tax year 2005 ... The Shapiro Foundation hired a new accountant to handle the amended return - Caras and Shulman in Burlington. (Boston Globe)
$8,000 tax credit delays amended federal refund Jul 21, 2009
The high number of amended returns filed this year because of the new 8,000 tax credit has caused the IRS to lengthen the normal time it will take to receive a refund check for an amended return from the IRS.. Normally, it takes from eight to12 weeks for and amended return refund check ... An IRS spokesman said people who have been waiting longer than 16 weeks, or four months, for an amended return refund for the 8,000 tax credit can call the IRS at 800-829-1040. (Fulton Sun, MO)
Tax refunds for Madoff victims? Jul 7, 2009
If Madoff victims already have filed their 2008 state taxes, they can file an amended return to reduce their taxable income based on their Ponzi scheme losses. Any losses can be claimed as an itemized deduction but can only be used to reduce future income. (Fresno Bee -- Business)
Get the most out of your homebuying tax credit Jun 16, 2009
If you bought a home this year and expect your 2008 income to be lower than next year's, it makes sense to file for the credit this year using a 2008 amended return. However, if you think your income will decrease, due to job loss, wage cuts or hour reductions, it makes more sense to file for the tax credit on your 2009 tax returns to get the most out of the credit, Meighan said. (MSNBC -- Business)
Tax credit boosts home sales in Callaway County Jun 16, 2009
An amended return can be filed in order to claim the money this year. The federal tax credit version passed last year offered first-time home buyers a 7,500 tax credit that had to be paid back through higher taxes spread over 15 years. (Fulton Sun, MO)
Stroger explains IRS tax lien May 15, 2009
He says he filed an amended return and has gotten on a payment plan to settle his debt. The Chicago Democrat said he would never shirk his responsibility to pay his taxes. (Crain's Chicago Business)
Amended return shows Rendell won at slots May 10, 2009
Search post-gazette NOW. HARRISBURG -- He considers himself a "pretty good" blackjack player and likes the ponies, though he has never really been all that lucky a gambler. (Pittsburgh Post-Gazette, PA)
Start planning for 2009 taxes to benefit from rule changes May 3, 2009
If you've already filed for 2008, complete an amended return on form 1040X, says IRS spokeswoman Peggy Riley. Don't, she emphasizes, file a new 1040 for 2008. (Boston Globe)
Stock questions? Ask Matt Apr 28, 2009
If you don't you have to file an amended return for that year. Usually, my recommendation is to sell the stock when the company files for bankruptcy, so you have a trading confirmation to back up your loss. (USA Today -- Money)
Can't pay your taxes? Don't panic Apr 15, 2009
If you've already filed a 2008 return, you can file an amended return and get a refund, or you can claim the credit on your 2009 return. . (AZCentral -- Business)
If you cant pay your taxes, dont hide from IRS Apr 15, 2009
If youve already filed a 2008 return, you can file an amended return and get a refund, or you can claim the credit on your 2009 return. Also in msnbc. (MSNBC -- Business)
Low rates, tax credits lure first-time homebuyers Apr 5, 2009
Robin Chute and his girlfriend, Stephanie Smith, are shown with Chute's 6-year-old twin sons, Carter and Kaleb Bleil, in the front yard of their future home in Morningside. Chute, who successfully made an offer on the three-bedroom house last weekend, is among the growing number of local first-time homebuyers who are qualifying for a new federal tax credit. (Sioux City Journal)
Is Congress Being Too Tough on Nominees' Taxes? Apr 4, 2009
"This is a new procedure on the Senate's part," complains one official, "and it has created an incredible anxiety on tax issues." Adds a prominent tax attorney who has experience in the confirmation process: "In the past, if something like that happened, an amended return would show up a couple of days later, and that would be it. It wouldn't be the public torture that is going on today." (Both sources like pretty much everyone else interviewed for this story insisted on anonymity, citing the... (Time.com)
Honest Tax Mistakes Fixable Mar 30, 2009
Amended Returns Can Make Up For Shortcomings ... If you didn't report all of your income or failed to claim a tax credit that you are due, then you should file an amended return, using Form 1040X. ... If you need to file an amended return, do it within three years after the date you filed the original, or within two years after the date you paid the tax, whichever is later. (Click2Houston, TX)
Breaks are available - even if you're not itemizing Mar 29, 2009
You can get a second time at bat with an amended return on form 1040X. You generally have three years to do that. Copyright 2009 Globe Newspaper Company. (Boston Globe)
Federal government sweetens first-time homebuyers tax credit Mar 11, 2009
An amended return can be filed in order to claim the money this year. Fulton first-time homebuyers who plan to do this are Annessa Wieners and her finance Wesley Green. (Fulton Sun, MO)
A few twists for parents, home buyers, the jobless Mar 1, 2009
So, if you buy a new home this year and qualify for the credit, you can claim it on your 2008 return, or if you've already filed that return, you can do an amended return for 2008, notes Massey. The payoff is not having to wait until you file your 2009 return next year to benefit from the credit. (Boston Globe)
Singletary: Separate fact from hearsay on stimulus plan Mar 1, 2009
You actually have up to three years to file an amended return. If you have already filed your 2008 return and qualify for the 8,000 credit but want to take it this year, you can file an amended return on Form 1040X, which is available at. (Green Valley News & Sun, AZ)
Our view: Want to support our troops? Feb 25, 2009
She has not had to file an amended return to correct any glitches. She did not have to make any changes on her tax returns relating to the controversial Kenai River land purchase she had made and later rescinded with Anchorage developer Bob Penney, a family friend. (Anchorage Daily News)
How Long Should Tax Records be Kept... Feb 20, 2009
For an audit or amended return, electronic information will probably have to be converted to paper. Things to be careful about. (Suite101.com)
Mutual Funds &Personal Finance Feb 14, 2009
A homebuyer can take the credit on either his 2008 using an extension or filing an amended return, as needed or 2009 return. It also ends the requirement for a homebuyer to repay the credit over 15 years unless he resells the home within three years. (Investors Business Daily)
Tax issues emerge in Daschle nomination Feb 8, 2009
"Senator Daschle estimated that he used the car and driver 80 percent for personal use and 20 percent for business use. On January 2, 2009, Senator Daschle filed amended returns for 2005, 2006 and 2007 reporting the value of the car service as income." ... "In preparation for his nomination, Sen. Daschle and his accountant identified some tax issues and fixed them. They filed amended return with the IRS and made payments with interest.". (Rapid City Journal, SD)
