The Small Business Tax Help Blog

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Question: Tax Return Question for First Time Home Buyer credit filed by mail?

I had heard of a lot of delays from the FTHB credit.So I decided to send it by mail for it would get reviewed quicker.So today the IRS website says its accepted and being processed and expect my refund on the march 17th.I had to pay taxes in this year so it did cut my credit in half.So question is since i filed by paper hoping it would be human reviewed first with out a computer spitting it out. Can I count on it being there on the date it shows with out it being delayed or did playing it safe and filing by mail just cost me more time. The only forms i filed were just my 1040 and self employment tax form along with form 5405 on the house i closed on in dec 08.

Answer: probably just costed you more time - it being accepted only means that all of the ss#'s matched the last names on the returns and the dates of birth - they don't actually review and audit your return - they have "data entry" people who do nothing but key in what you write on your return...same as you would have done if you had efiled it

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