PDA

View Full Version : Rcv'd letter from IRS today


TriggerHappy
10-18-2010, 22:26
So, I opened a letter today from the IRS. Its states that the $8000 tax credit that I received from buying a new home in 2008 was to be paid back in full over the next 15 years. (It is actually an interest free loan from our govm't mumbo jumbo) WTF??!?!? The IRS would tack on an additional $500 a year to my taxes. Did anyone else get something like this? or did i piss someone off....
ChunkyMonkey
10-18-2010, 22:34
So, I opened a letter today from the IRS. Its states that the $8000 tax credit that I received from buying a new home in 2008 was to be paid back in full over the next 15 years. (It is actually an interest free loan from our govm't mumbo jumbo) WTF??!?!? The IRS would tack on an additional $500 a year to my taxes. Did anyone else get something like this? or did i piss someone off....

Yes, only the 2009 and 2010 is a tax credit. 2008 one is a tax advance. Both your realtor and mortgage broker better had not used this to get you into the purchase...

You are among dozens that I have heard from were misled about "the credit."
KevDen2005
10-18-2010, 23:29
So, I opened a letter today from the IRS. Its states that the $8000 tax credit that I received from buying a new home in 2008 was to be paid back in full over the next 15 years. (It is actually an interest free loan from our govm't mumbo jumbo) WTF??!?!? The IRS would tack on an additional $500 a year to my taxes. Did anyone else get something like this? or did i piss someone off....

Yeah it's true, and frankly I am more pissed off about the fact that I got the 2008 tax advance and others got the nice tax credit it 09 and 10
rockhound
10-19-2010, 09:07
I heard a new home buyer the other day that stated she was going to have her bathroom done when she got her $8000.00 check.

I had to break the news to her that she wasn't getting a check. I didn't ask who her agent was, but they need to do their homework.
ChunkyMonkey
10-19-2010, 10:33
I heard a new home buyer the other day that stated she was going to have her bathroom done when she got her $8000.00 check.

I had to break the news to her that she wasn't getting a check. I didn't ask who her agent was, but they need to do their homework.

If she just bought her house in 2010, it is a tax credit! Only the ones back in the 2008 are tax advances.
TriggerHappy
10-19-2010, 10:43
My accountant, out of all people, got this for me. Anyone know any good accountants that aren't super expensive but have experience with small (very small) business's? I think I am in the market.. FML would have never taken the $8k, didn't even need it at the time. ugghhh
ronaldrwl
10-19-2010, 11:08
That sucks IRS letters are never good. Knowbody ever wants to hear from them
SA Friday
10-19-2010, 15:49
Well, those son's-a-bitches are sure taking their time paying me from 2009.... Funny how that works. When they owe, you can wait (Or in my case, Oops, we missed that one). When we owe, you better have that shit in the mail by the deadline.[Rant1]
BigBear
10-19-2010, 15:55
Well, those son's-a-bitches are sure taking their time paying me from 2009.... Funny how that works. When they owe, you can wait (Or in my case, Oops, we missed that one). When we owe, you better have that shit in the mail by the deadline.[Rant1]


HAHA, rgr that. I had to pay $400 bucks last year for a '07 mistake... They said I had like 30 days to pay "or else"... Then, my refund from '08 was like two months late apparently "lost in the mail" when I didn't move from '07-'09. HAHA.
theGinsue
10-19-2010, 16:18
Well, those son's-a-bitches are sure taking their time paying me from 2009.... Funny how that works. When they owe, you can wait (Or in my case, Oops, we missed that one). When we owe, you better have that shit in the mail by the deadline.[Rant1]

Oh yeah, and if you owe them anything they tack on late fees, penalties, interest, and anything else they can come up with.

When they owe YOU, you're lucky to get the bare amount.
Hitman 6
10-19-2010, 16:51
I always thought that seemed too good to be true. [BooHoo] We the people, proper fucked yet again by the .gov. Oh well, it's for our own good right? I mean, what could we possibly accomplish without them?
CHA-LEE
10-19-2010, 16:59
I hate to say it, but there really isn't a "Free Lunch". Especially when it comes to dining with the Tax man.
tmckay2
10-19-2010, 17:06
I hate to say it, but there really isn't a "Free Lunch". Especially when it comes to dining with the Tax man.

yep. pretty much always have to be skeptical
steveopia
10-19-2010, 17:13
Damn. That sucks man.
[M2]
rockhound
10-19-2010, 18:18
If she just bought her house in 2010, it is a tax credit! Only the ones back in the 2008 are tax advances.


she just closed a month or so ago, so yes a credit
Irving
10-19-2010, 19:43
We've been having all kinds of problems with the IRS. The state wants you to go online or call in, but neither method is usable. Every time we go in, it takes seconds to fix. The Feds have been SENDING MONEY BACK, then sending letters saying they didn't get the money. This is the part where I'd usually end the rant with a big UNBELIEVABLE! But it is so common that it is to be expected; so I can't.