Because the World is Not Flat » Paula Jefferson & Associates blog: Tax Topics, Accounting, QuickBooks Education, and more!

Yes, it’s true! For all you lucky folks who were eligible to claim either the First Time Homebuyer or Repeat Homebuyer credit, but didn’t close by June 1st, you have another chance to cash in on this opportunity!
Congress has extended the deadline for taxpayers to complete the purchase of qualifiing homes for both first time homebuyers...

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Is it true that if I overpay my taxes, there is no time limit to claim the overpayment as a credit or refund?
No, unfortunately that isn’t true. According to §6511 of the US Code, there are firm limits on when you can obtain a credit or refund for an overpayment.
If you have filed a tax...

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