$o I just received my First Time Homebuyer tax credit, BUT...

3,471
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Joined Jan 30, 2005
Instead of sending me a check for $7,400, it's for $14,800!!

Now I'm not naive enough to think I'm gonna "get away" with it, but I'm just wondering what the protocal is for (what seems like) an error like this?

BTW, my house was $74,000, so my refund should've been 10% of that.

I did my regular taxes in mid-January, then amended them on Feb. 1st when I was legally allowed to claim the home buyer credit.

My original return was only $4,200 if that matters.

Here's a letter explaining the check:





And the $$$$:



   
   
 
1,850
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Joined May 13, 2009
I'm no expert but it doesn't seem to be a mistake...congrats though.
 
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Joined May 14, 2007
1.
Dump it straight into a safe, interest yielding account until the Federales come calling for their money back. May as well make something on top of their mistake.

2. Pics are nice, but they don't have to be 1080P
. Crashed my phone.
 
1,831
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Joined Dec 29, 2004
Originally Posted by Mr Fizzy Womack

1.
Dump it straight into a safe, interest yielding account until the Federales come calling for their money back. May as well make something on top of their mistake.

2. Pics are nice, but they don't have to be 1080P
. Crashed my phone.
Pretty much the exact same thing I would do.. Damn i need to buy a house before April 30th.. If only I made a few more dollars an hour.
 
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Joined Jun 4, 2006
Tell them before they come looking for it and try to charge you interest for how long you held onto it.
 
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Joined Feb 2, 2010
cash it and your good bro...tax checks can come back for up to 7 years i believe when deposited...any experts? is op good?
 
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Joined Jan 30, 2005
I plan on cashing it and putting the "extra" $7,400 into my savings account until I know whether or not this is a mistake.

There's a number on the letter that says if I don't agree or have questions about the retrun to call, but I'm just questioning whether this is a mistake that they won't catch unless I bring it to their attention?
 
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Joined May 25, 2008
Fed gov spends millions a day fuel a war operation. I doubt they'll miss 7400. And if they do, just make sure you have to give back. Knowing budget cuts, the guy that prob double checks the returns got canned.
 
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Joined Mar 14, 2006
Nice touch usin the "$" sign instead of "S" in ur title OP
Congrats, throw that into a savings acount like somebody else said
 
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Joined Oct 30, 2009
Originally Posted by Toy Collector123

Take that money, buy another house.

best response in this thread...

you seem to have things on track g...

you copped a house.... i'm sure transportation isnt an issue...

and i know you got food in the fridge...

that's all that really matters, g...

take that bread... cop another house...

then rent it out...

that way, they could be payin the mortgage FOR YOU...

and you can always have some lil spending change, too...

 
3,471
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Joined Jan 30, 2005
Originally Posted by handullz

Originally Posted by Toy Collector123

Take that money, buy another house.

best response in this thread...

you seem to have things on track g...

you copped a house.... i'm sure transportation isnt an issue...

and i know you got food in the fridge...

that's all that really matters, g...

take that bread... cop another house...

then rent it out...

that way, they could be payin the mortgage FOR YOU...

and you can always have some lil spending change, too...

I'm definately not hurting for money, but it's aways nice to have extra $$.

We're actually planning on buying a Dodge Durango. Just had our 2nd child in December, the car size we got isn't cutting it anymore.

As for buying/renting another house, that's more hassle/work than I got time for these days.

  
 
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