First-Time Homebuyer Credit and Tax Refunds

Post Date: 5/29/11
Last Updated: 5/29/11

Summary

Some taxpayers, who filed Form 5405, First Time Homebuyer Credit and Repayment of the Credit, with their 2010 return, have not yet received their refund due to IRS processing issues. The IRS has recently updated information on these processing issues that are impacting a small percentage of tax returns involving repayment of the First Time Homebuyer Credit, primarily involving 2008 home purchases.
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