Discussion:E-file & first time homebuyer credit
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| Revision as of 23:40, 6 March 2009 Trillium (Talk | contribs) (add FTHB category) ← Previous diff |
Revision as of 00:07, 7 March 2009 Taxestaxes (Talk | contribs) (The one I sent i) Next diff → |
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| {{ForumReplyPost|UserID=Deback|Date=March 6, 2009|Text=I've had 11 homebuyer credits so far. One was bought in 2009, the credit was efiled for $7,500, and I recently sent that client a Form 1040X to receive the remaining $500. The IRS is not holding up any returns for the $7,500 credit, and I'm sure they'll process amended returns for the $500 balance. }} | {{ForumReplyPost|UserID=Deback|Date=March 6, 2009|Text=I've had 11 homebuyer credits so far. One was bought in 2009, the credit was efiled for $7,500, and I recently sent that client a Form 1040X to receive the remaining $500. The IRS is not holding up any returns for the $7,500 credit, and I'm sure they'll process amended returns for the $500 balance. }} | ||
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| + | {{ForumReplyPost|UserID=Taxestaxes|Date=7 March 2009|Text=The one I sent in was for $8000. Again, I just sent it in;have not received any confirmation yet; so I guess it will get rejected is what you are saying? Funny that IRS website says the form is updated and allows you to get the $8000 credit; but they arent allowing the efile to work? }} | ||
Revision as of 00:07, 7 March 2009
Discussion Forum Index --> Basic Tax Questions --> E-file & first time homebuyer credit
Discussion Forum Index --> Tax Questions --> E-file & first time homebuyer credit
| 6 March 2009 | |
| This is my 1st return with a 2009 home purchase and Lacerte's diagnostics says that I have to file it as a paper return "until the IRS system is updated, the reutrn will be rejected with a credit amount greater than 7,500 and must be filed as a paper return." Are we really waiting for the IRS to update or is it just waiting for Lacerte to update? Has anyone else been able to e-file one of these 2009 purchases? My client is in a real hurry for the cash so if it's just a Lacerte thing then I'll suggest he go someplace else so he can e-file now, but if it really is the IRS then nobody can e-file now and he can either wait or file a paper return. | |
| 6 March 2009 | |
| Just in case anyone else comes across this, I called Lacerte and they the IRS hasn't updated the system yet so nobody can e-file one of those returns. He also said it is not high priortiy for the IRS so it might be a while.
Side note - I seldom have to call Lacerte & I've heard many people complain about the wait time when calling, but I was only on hold for less than one minute. | |
Taxestaxes (talk|edits) said: | 6 March 2009 |
| Not for sure how true that is. I just went thru the efile steps and was able to send a return for someone who just purchased home and choose to take the credit on 2008 return. Now IRS may hold it up, but my program let me efile it? I use Tax Act. | |
| 6 March 2009 | |
| Did you claim $7500 or $8000? The issue with the IRS only affects returns that have $8000. The reject code is 0356. | |
| March 6, 2009 | |
| I've had 11 homebuyer credits so far. One was bought in 2009, the credit was efiled for $7,500, and I recently sent that client a Form 1040X to receive the remaining $500. The IRS is not holding up any returns for the $7,500 credit, and I'm sure they'll process amended returns for the $500 balance. | |
Taxestaxes (talk|edits) said: | 7 March 2009 |
| The one I sent in was for $8000. Again, I just sent it in;have not received any confirmation yet; so I guess it will get rejected is what you are saying? Funny that IRS website says the form is updated and allows you to get the $8000 credit; but they arent allowing the efile to work? | |
