The Small Business Tax Help Blog

Posts Tagged ‘irs estimated tax dates 2009’

Question: First Time Home Buyer- Do I qualify?

ok.. I have called the IRS 3 times received 2 different answers. I talked to 2 different tax professionals and received 2 different answers. I purchased a mobile home in 2003, it is on a rented lot in a mobile home park, I had a personal loan for the mobile and I pay personal property taxes not real estate. I am in the process of building a home estimated occupancy date mid December. Do I qualify for the 8000.00 tax credit for first time Home Buyers?

IRS stated twice yes I do since I did not pay real estate taxes
IRS stated once that no I do not qualify since it was my primary residence

same responses from tax professional. 1 HR Block said Yes, 1 independent said no..

Answer: Do you still own the mobile home, and do you live there or have you lived there at any time since mid December 2006? If so, no you aren't eligible for the $8000 credit since you would have owned your home in the last 3 years so would not be a first time home buyer. It doesn't matter what type of loan you have/had on the mobile home, or even if you bought it for cash and had no loan at all. And if it's your home, doesn't matter what kind of taxes you pay - a boat can be a home if that's where you live.

But if you owned it and lived there since you bought it in 2003, you'd probably qualify for the $6500 credit.

Circle these tax deadlines on your 2010 calendar

Circle these dates on your 2010 calendar if any of the following upcoming tax deadlines apply to you or your business.

Calculating Taxes : How to Make Estimated Tax Payments

Question: Does anyone know if I may get my refund before the IRS’ estimated date?

I have already filed my taxes online on January 24th and was notified on the 25th that it was accepted by the IRS . . . . I looked on the IRS website and it says that I should get my refund via direct deposit on Feb 10th. So I was just wondering if anyone knows if I might possibly get the refund any sooner???

Answer: It is possible that you may recieve it early. I worked for Jackson Hewitt a year ago and we would always suggest that the clients wait the 8-15 days because sometimes they would get it in 5-7. I would say you may get it on the 6th if you dont get it tomorrow. Good Luck!!

Toromont Announces Results for the Fourth Quarter and Full Year 2009

TORONTO, ONTARIO-- - Toromont Industries Ltd. today reported financial results for the fourth quarter and full year ended December 31, 2009. Revenues declined 26% from the records set in the fourth quarter of 2008, reflecting weaker economic conditions.

Hawaii Tax Day Tea Party '09 - Grassroot Institute