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First-Time Homebuyer Credit Account Look-Up Tool - Podcast text script

HI… I’M CHRISTINA… AND I WORK FOR THE INTERNAL REVENUE SERVICE.
    
THE I-R-S NOW HAS A TOOL TO HELP PEOPLE WHO HAVE TO REPAY THE FIRST-TIME HOME BUYER CREDIT.
   
THE FIRST-TIME HOME BUYER CREDIT ACCOUNT LOOK-UP TOOL IS AVAILABLE ON I-R-S-DOT-GOV… SO YOU CAN LOOK UP THINGS SUCH AS YOUR REPAYMENT BALANCE AND MORE.
        
WHEN YOU USE THE LOOK-UP TOOL… YOU’LL NEED TO PROVIDE YOUR SOCIAL SECURITY NUMBER… DATE OF BIRTH… AND COMPLETE ADDRESS. 
    
THE TOOL WILL GIVE YOU THE BALANCE OF YOUR FIRST-TIME HOMEBUYER CREDIT… THE AMOUNT YOU PAID BACK TO DATE… THE TOTAL AMOUNT OF THE CREDIT YOU RECEIVED… AND YOUR ANNUAL INSTALLMENT REPAYMENT AMOUNT .     AND YOU CAN PRINT THE ACCOUNT WEBPAGE FOR YOUR TAX RECORDS.  
    
FOR THOSE OF YOU WHO PURCHASED YOUR HOME IN 2008… AS YOU KNOW… THE CREDIT IS SIMILAR TO A NO-INTEREST LOAN AND MUST BE REPAID IN 15 EQUAL ANNUAL INSTALLMENTS THAT BEGAN WITH YOUR 2010 TAX RETURN.
   
ALSO… FOR THOSE OF YOU WHO SOLD YOUR HOME OR STOPPED USING IT AS YOUR MAIN HOME… YOU MAY HAVE TO REPAY THE ENTIRE CREDIT REGARDLESS OF WHETHER YOU PURCHASED YOUR HOME IN 2008… 2009… OR 2010.
 
IF YOU DON’T KNOW IF YOU NEED TO REPAY THE FIRST-TIME HOMEBUYER CREDIT… JUST GET A COPY OF THE INSTRUCTIONS FOR FORM 5405…WHICH IS THE  FIRST-TIME HOMEBUYER CREDIT AND REPAYMENT OF THE CREDIT FORM… AND FOLLOW THE INSTRUCTIONS. 
  
OR BETTER YET… USE OUR ONLINE LOOK-UP TOOL… WHICH IS FREE… AVAILABLE AROUND THE CLOCK…  AND ALLOWS YOU TO CHECK YOUR REPAYMENT BALANCE.  
   
FOR MORE INFORMATION… GO TO I-R-S-DOT-GOV

Page Last Reviewed or Updated: 18-Dec-2014