Comments on: First Time Home Buyers Are Cry-Babies

By: New Credit Card Reporting Requirement Worries Some Taxpayers | Creditcard Processing For Small Business

Wed, 25 Jan 2012 06:51:48 +0000

[...] c’mon? Who didn’t want housing reform in 2008? Okay, maybe I didn’t. But I was in the minority. The bill passed, putting into place $15.1 billion in tax incentives, [...]

By: New Credit Card Reporting Requirement Worries Some Taxpayers | taxgirl

New Credit Card Reporting Requirement Worries Some Taxpayers | taxgirl — Mon, 12 Dec 2011 19:49:29 +0000

[...] c’mon? Who didn’t want housing reform in 2008? Okay, maybe I didn’t. But I was in the minority. The bill passed, putting into place $15.1 billion in tax incentives, [...]

By: New Credit Card Reporting Requirement Worries Some Taxpayers

New Credit Card Reporting Requirement Worries Some Taxpayers — Sat, 29 Oct 2011 22:56:23 +0000

[...] c’mon? Whο didn’t want housing reform іn 2008? Okay, maybe I didn’t. Bυt I wаѕ іn thе minority. Thе bill voted fοr, putting [...]

By: Homebuyer Tax “Surprise” Just a Figment of the Media’s Imagination | taxgirl

Fri, 10 Sep 2010 16:26:58 +0000

[...] what’s causing the uproar: the initial tax credit for first time homebuyers required a payback. At the time the credit was passed, in 2008, homebuyers who took advantage of the credit were [...]

By: Tweets that mention First Time Home Buyers Are Cry-Babies -- Topsy.com

Tweets that mention First Time Home Buyers Are Cry-Babies -- Topsy.com — Tue, 27 Apr 2010 12:11:54 +0000

[...] This post was mentioned on Twitter by Tom Young. Tom Young said: First Time Home Buyers Are Cry-Babies http://www.taxgirl.com/first-time-home-buyers-are-cry-babies/ [...]

By: watcherkatt

watcherkatt — Thu, 03 Sep 2009 00:38:33 +0000

hey tax girl there is a dirty little secret the IRS is withholding all those payments. It now takes 4,5,6, months to get your rebate. I wonder what is up? has the IRS sent out checks to people who dont meet the requrements so now they are punishing us all? IRS has its collective finger up its butt. but no checks.

By: Democrats Offer Up Version of Tax Bill | taxgirl

Democrats Offer Up Version of Tax Bill | taxgirl — Sun, 18 Jan 2009 01:22:11 +0000

[...] The Earned Income Tax Credit (EITC) would also be increased. Also on tap is a withdrawal of the repayment requirement for the first-time home buyers credit. [...]

By: Miranda

Miranda — Fri, 22 Aug 2008 12:48:42 +0000

Thanks, Rick, for correcting my math. Things have been a little stressful around here for me. At any rate, I agree that it might have helped, but collection and enforcement would have been a pain.

By: Kelly

Kelly — Thu, 21 Aug 2008 03:05:33 +0000

Oxnate,
Actually, my figures were off… You don’t have to begin repayment until 2 years after the initial credit (I forgot to work those 2 years into my calculations). With that, the interest would total 5,346.81 at 7%.

By: Another Tax Geek, CPA

Another Tax Geek, CPA — Thu, 21 Aug 2008 02:09:25 +0000

Oxnate,

I think you’re correct as far as the recapture of the credit in subsequent years. But when sold, if a gain, the remaining balance is due, and if a loss it’s forgiven (a sweet deal, too bad my lender doesn’t make such offers….). This is where I see do-it-yourselfers struggling. Can’t wait to see the form the IRS will design for this. I’m guessing it will be somewhat similar to the casualty loss form.