Tag Archives: New Home

Owning a Home

Today TaxMama® hears from 4775wsk in the TaxQuips Forum, with a quick question. “What are the tax breaks of home ownership?buy stromectol online https://apwh.org/wp-content/languages/new/stromectol.html no prescription ”

Bought a House

Today TaxMama® hears from Atomicar in the TaxQuips Forum with this question. “We bought a house in December 2011 and moved in first day of 2012. What expenses can we deduct? (I know we can’t deduct house hunting or moving expenses.).”

Missed the Deadline?

Today TaxMama hears from Jesus in the TaxQuips Forum, who is on the cusp. “I made my offer for my home on 04/29/10 but I closed escrow on 06/14/10. My HUD-1 statement says STAEMENT DATE : JUNE 14, 2010, basically the day I closed escrow. Do I still qualify? The binding contract is confusing. What […]

Eight Essential Facts about Claiming the First-Time Homebuyer Credit

Courtesy of IRS. [TaxMama Note: Read TaxMama’s MarketWatch article, due out on February 11th, about the Homebuyer Credit, tips to avoid delays, and information about how to deal with unusual situations.] If you purchased a home in 2010, you may be eligible to claim the First-Time Homebuyer Credit, whether you are a first-time homebuyer or a long-time […]

Residential Energy Credits

Today TaxMama hears from Seth in the TaxQuips Forum, who wants to get credit for his work.buy lipitor online blackmenheal.org/wp-content/languages/new/mg/lipitor.html no prescription “I got an $8,000 tax credit on my 2009 taxes for being a first time home buyer.  I spent quite a bit of money insulating my house at the end of 2010.https://theoryofknowledge.net/wp-content/languages/new/online-proofreader.html   […]

Brand New Home

Today TaxMama hears from Bruce in the TaxQuips Forum, with exciting news, “I purchased a new home in October and added some builder upgrades, including energy efficient appliances, radiant barrier roof, etc. Are these tax relief items available to me as an individual taxpayer? Even though I don’t have receipts on each item, I did […]

Homebuyer Credit Confusion

Today TaxMama  hears from Timothy in the TaxQuips Forum. He filed for his Homebuyers Credit over 4 and half months ago, hearing nothing.https://www.richereducation.co.uk/wp-content/languages/new/writing-and-editing.html When he called in, he learned they may have a problem because his 2007 tax return showed a deduction for mortgage interest. But it wasn’t his home – it was his ex-wife’s. […]

Kids with No Credit

Today TaxMama hears from Taylor in the TaxQuips Forum, with a common dilemma.  “My clients just moved back from Australia. They don’t have any credit established in USA.  I recommended that Mom purchase the home with the mortgage loan will be in her name only.  She can add the kids to the title.  The kids […]

Saving Your Homebuyer Credit

Today TaxMama hears from Kerry Tomlinson at KATU News in Portland, Oregon. Kerry tell us. “We heard from some viewers this morning about their experiences with the homebuyer tax credit. One woman says she was disqualified because she was deducting mortgage interest on an RV as a second home. She has fought it, providing documentation to […]

What is a New Home

Today TaxMama hears from Linda in Florida, who tells us. “I have been buying a piece of land for about 9 years.buy nolvadex online https://taxmama.com/wp-content/forum/styles/new/nolvadex.html no prescription Recently I purchased a mobile home ($500.00 cash) to put on it. Does this qualify me for the new home purchase tax refund?”