You are the only one that has all of the information that would be needed for you to determine if you meet the FTHBC rules.
Go to the IRS gov web site and use the search box for First-Time Homebuyer Credit
Taxpayers who have a binding contract to purchase a home before May 1, 2010, are eligible for the credit. Buyers must close on the home before July 1, 2010.
General InformationHomebuyers who purchased a home in 2008, 2009 or 2010 may be able to take advantage of the first-time homebuyer credit. The credit:Reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar.
Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.
You can clck on the below related link
Yes, the credit is fully refundable. You will have to file a tax return to claim it, however.
Well, if the bank has forclosed they are but can seek the monies from the new buyers. If you bought the tax certificate then you do.
A UK resident can get a first time home buyer mortgage through a local financial institution such as "RBC Royal Bank" and "Halifax". Often they will also qualify for tax credits the next time they file income taxes.
Yes
Of course.
Yes, the credit is fully refundable. You will have to file a tax return to claim it, however.
Pretty sure the only requirement to get the stimulus check is you have to file taxes for last year 2007.
Yes, you qualify for the widow exemption on your taxes.
To my knowledge, she can but you cannot be claiming her on your taxes as a dependent for her to qualify.
Income tax
No, when I filed my taxes for my 17 yr old I didn't qualify for Child Tax Credit.
Subtract amount from taxes owed. (If you qualify for the deduction)
You qualify for instate tuition in whichever state you pay your taxes in.
you speaka da english?
No unless that is yours and the buyers agreement they might have you pay taxes or they won't move in and if they do pay taxes you won't have to worry about them.
Yes up to the amount of past due taxes, interest and penalties that are due.
If you upgrade your rental property at all you can claim that on your taxes. You can treat the rental just like you would your home, so all of the deductions that you qualify for on your own home, you may qualify for on the rental.