The IRS Audit Blog

Archive for October, 2007

Question: Do I qualify as a first-time home buyer?

My husband and I are considering separation. Rather than renting an apartment, I’m interesting in buying a house. My name has never been listed on a mortgage or title, so I think I should qualify as a first-time home buyer. But the IRS publication I saw online stated that if someone is married, both spouses must be first-time home buyers in order to qualify. I intend to buy my house on my own and will not be listing his income on the mortgage application. Am I disqualified simply because I’m married?

Answer: I had a similar question so I called the IRS at 800-829-1040 they have a special department for first time home buyer tax credit questions. Hope this helps. www.msmiproperties.com

IRS taking note of gifts Haiti donations can be deducted

The Internal Revenue Service ruled recently that taxpayers who make charitable contributions to charities providing earthquake relief in Haiti may claim them as ‘gifts to charity’ on their 2009 income …

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