Back in February, I posted an article regarding the First Time Home Owner’s Credit. It gave a pretty thorough breakdown of the program requirements.  While doing my daily browsing to stay abreast on various topics, I ran across an article that’ s alarming to me!  This money is available, but only for qualified individuals.  No, the government isn’t giving away any free money or money that you were entitled to that someone didn’t tell you about…….

First Time Home Buyers still have time to take advantage of this first time refundable Home Owner’s Credit.  You have until November 31, 2009 to complete the closing on your new home.  Of course there are some requirements, view here, but you may be able to receive up to an $8,000 refundable credit.

If you have already filed your 2008 tax return, you may amend your taxes to include this credit. It will be refunded to you or you can include this information on your 2009 Return and it will be refunded if eligible.

Per the IRS, the credit is 10 percent of the purchase price of the home, with a maximum available credit of $7,500 ($8,000 if you purchased your home in 2009) for either a single taxpayer or a married couple filing a joint return, but only half of that amount for married persons filing separate returns. The full credit is available for homes costing $75,000 or more ($80,000 if purchased after Dec. 31, 2008, and . 1, 2009).

The IRS also states that you must have bought the home after April 8th, 2008 but before December 1, 2009 to qualify for the credit.  If you have a home constructed, the first day you occupy the home is the date that is considered as your purchase date.  You can’t claim the credit before the sale and purchase is completed at closing.  Furthermore, you aren’t even eligible if you have owned a principal residence three years prior to this purchase.

J. Russell George, Treasury Inspector General for Tax Administration, questioned the eligibility of some 100,000 claims out of the 1.5 million who have sought to take advantage of the $8,000 tax credit economic stimulus package enacted last February. incorporated in the

He said claimants include those who could possibly be illegal immigrants and that 580 people seeking $4 million from the first-time home buyer credit were under the age of 18. The youngest taxpayers receiving the credit were 4 years old, his office said.

George said more than 19,000 people filed 2008 tax returns or amended returns claiming the credit for homes they had not yet purchased. Those claims amounted to $139 million and it was not clear that the IRS planned to go back to verify that those purchases actually took place, he said.

He said his office had identified another $500 million in claims, by some 74,000 taxpayers, where there were indications of prior home ownership.

Yes, times are hard.  The Recession is real, but there is still no reason to legally obtain funds that you are not entitled to receive.  You see, Taxpayers suffer in the long run because of your poor decisions.  You may get this money, but you are risking fines, penalties, imprisonment, and your credibility forever!! Congress is debating whether to extend this credit deadline date, because of these fraudulent act. This could affect the individuals that really do qualify!

IF IT SOUNDS TO GOOD TO BE TRUE, IT IS! Ask yourself these questions:

• Why are we the only area that’s receiving this money?
• Why haven’t I seen this claim advertised by legitimate news sources?
• Why would the government front me a large sum of money in advance without wanting present or future verification?

These were just a few questions that would appear to be logical to the average person!  Even if you do not think logically, you still have an OBLIGATION TO RESEARCH INFORMATION TO THE BEST OF YOUR ABILITY!!

When there is any doubt or you just need confirmation about anything IRS related, go to www.irs.gov to research.  If you don’t find the answer you are looking for, call a representative Toll Free @ 800-829-1040 anytime Monday through Friday from 7:00 a. m. to 10:00 p. m. Eastern Standard time.  You will be able to speak directly with a Representative that will be more than happy to answer your questions!

Source 1

Source 2

Pic Source

• Works For Me Wednesday: ING Savings + FREE MONEY! For this weeks Works For Me Wednesday I have decided to share with you a little secret that I have known about for a long time, and more recently got my husband to jump on board. This little secret has helped me immensely, and has allowed me to do and buy things I didn't......
• Combining Finances When Getting Married. Just the other day, Green Panda Treehouse wrote up a great post discussing joint accounts, budgeting and married couples. And while I gave her my thoughts on it for her post, it reminded me that I wrote a post in May of 2007 about what we did after we got......
• IRA Donations The Emergency Economic Stabilization Act of 2008 renewed the rule allowing one (over 59-1/2) to made a charitable donation of IRA funds without claiming the money as income. If you itemize, you can already take donations off your taxable income so this would have no affect on you. But, if......
• First-Time Home Buyer Tax Credit Recently I visited my condo building for the grand opening weekend. I was not allowed to see my unit as the unit itself was not complete, but more importantly the third floor was not completed. The grand opening was the first time I was allowed to see the inside of......
• CollegeAdvantage is Giving Away More Free Money Several times in the last year (or longer) I have written about Ohio's CollegeAdvantage 529 Plan and their gift of free money. It seems like they are always giving away free money. If you missed the last opportunity, now you have the chance for $50 in free money again. Ten......

Is it true that some Restaurants are using “fake” chicken and steaks? Some people call it fake, because it is grounded up chicken or beef that has been reconstituted. Darker meats, especially in chicken, have higher Myoglobin which is excreted in muscles that are used more, such as legs and thighs in chicken. Some people always look at darker meat less desirably because of the higher fat content found in it. The meat processors run the meat through a centrifuge which separates the Fat and Myoglobin from the meat. The remaining meat is whiter and then bloated with brine or some water and some fillers such as starches, cereals, or flours amongst other things. What you have is a moldable chicken product or beef product, but they won’t tell you they are doing this. Restaurants use these products in chicken and steak salads. They basically use them in places where the meat is less suspect and/or noticeable.

Many consumers have reported these lower quality meats in many establishments where the price would ultimately suggest that traditional meats would be used! Other restaurants have been found using pork in the place of more expensive veal. Veal is grey or light brown. Look at the inside of the meat when you slice it. If it is white in the middle you most likely have pork!

Other Restaurants have been caught using whiting in the place of more expensive fish as well. When dining out you may also find that restaurants may use certain containers such as Heinz Ketchup containers but in reality they are refilling them with generics for cost cutting techniques.

Another Consumer reported that some Restaurants are selling cups and bowls of soups, wherein the more expensive bowl is actually the same amount just a different shaped container.

Interesting!!!!!

Source/Pic

• Roundup for week of 8 January 2007 Happy birthday to my daughter, who is now two years old!Happy weekend to everyone else!  Here are some links of interest from the folks at the MBN and elsewhere:Blueprint for Financial Prosperity plays the devil's advocate and says not to optimize your payroll deductions.Consumerism Commentary says that cutting back on......
• Venison Pot Roast Recipe It has been years since I Deer hunted. Through my friends some venison always seems to come my way. This is an excellent Venison Pot Roast recipe. The meat is so tender you can cut it with a fork. The gravy over mashed potatoes is as good as it......
• Acid Alkaline Diet Did you know that there is a connection between the food you eat, the level of acidity in your body and your weight? Until just a couple of years ago, I had absolutely no idea about this. That is until I read a book about the Acid Alkaline Diet which......
• WHY YIELD INVERSION FORETELLS RECESSION I came across this very interesting article WHY YIELD INVERSION FORETELLS RECESSION: Exposing the Fraud in FRS Study to Predict Recessions from Yield Inversion.This guy basically explains how the Feds are lying about the low chance of a recession coming up based on the Inverse Yield Curve. There has been......
• Prosper Release -- All Steak No Sizzle Prosper Andrew announced another Prosper release: Site Update – May 19, 2008 In his own words... One of the less glamorous sides to building web sites (or building anything, come to think of it) is that sometimes you have to stop working on the sizzle and get working on......