So I bought a new house on May 15th or so-just squeaked in under the deadline for the 10% new homebuyer’s credit. I duly filed an amended tax return the day after closing, and sat back to await my Big Ole Government CheckTM
I just called the IRS 800 number, and was told by the faceless government drone there that there was an expected wait of 12 weeks for the refund to be sent out, and that they had no record of my amended return since they had “only” had it for a month or so…
So here is my question to you oh wise Dopers: Has anyone on the Board had experience with filing an amended tax return to get the Homebuyer’s Credit, and if so, did it really take 3 months?
I haven’t filed an amended tax return at all, but 3 months really doesn’t strike me as a long time at all. They have tens of millions of returns that they’re still sifting through that aren’t amended. That shit takes time.
I meant to also note that something like 1/4 returns with the New Home Buyer credit are being audited. So the hold up might not be just processing your amendment (which can be done by a computer), but that your return is being audited. Hooray!
I guess you guys are right…hope it gets here before the snow flies, though or I’m gonna freeze my booty off-part of the money is going to be used for much needed upgrades to the heating system! Dio, I’m not too worried about the audit-my tax return is as simple as they come.
We bought our house in December and filed taxes in early March. We qualify for the tax credit for second-time buyers, but got a letter back in the mail asking for some form (a form we had submitted the first time around mind you, but whatever). Faxed it in and now have been waiting 6 weeks or so. We were instructed if we don’t get our refund by end of June to call again. our Acountant says that matches to what he’s hearing from other clients.
The thing that is making me grumpy is they have given us none of our refund, even the portion totally unrelated to this homebuyers thing. That part makes me grrrr.
I finally got my return, which included the buying again home owner credit, and because it took so long…I got $26 in interest from the IRS! That didn’t really take the sting out of waiting an extra six weeks, but I was happy to see it.
Wow stretch, whatcha gonna do with all that loot? I had no idea that the IRS would pay interest on your refund if it was delayed. That does suck Hedda-maybe you’ll get some interest on the full amount. Smellmywort, you should hie yourself to the accountant’s office right away! Maybe you’ll get your refund in time to buy a nice sled for winter…
I didn’t know they paid interest either. The only reason I knew it was interest is because called the IRS a couple of days before the deposit–I wanted to know what was going on and the IRS rep told me that I was getting a larger return and that it included interest.
