First Time Homebuyers Credit Audit Documentation

Eva Rosenberg — Fri, 23 Oct 2009 07:01:00 -0700

If you have filed for the First Time Homebuyers Credit and your refund has been delayed, it’s because IRS will, sooner or later contact you for proof of the purchase of your home.

[Source: IRS National Phone Forum Presentation Oct 2009]

Required Documentation for Audits

• Copy of closing contract (HUD-1 Settlement Statement)

• Most recent monthly mortgage statement

• Occupancy permit, if newly-constructed

• At least two of the following showing name and address:
– Current driver’s license or other state-issued identification
– Recent pay statement (within the last two months)
– Recent bank statement (within the last two months)
– Current automobile registration

Ask TaxMama :: Where taxes are fun and answers are free
www.TaxQuips.com :: The number ONE free tax podcast online

TaxMamas TaxQuips: First Time Homebuyers Credit Audit Documentation

First Time Homebuyers Credit Audit Documentation