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Tax Tips & News: first time homebuyer

Tax Copies or IRS Transcript? How to Get Them and Which is Better.

3 minutes read

Keeping copies of your tax returns is essential for at least three years. However, if you accidentally dispose of some of that paperwork too soon, there's no need to panic. You can request a tax transcript from the IRS at no charge, and it serves as a valid alternative to your original tax return. Whether you need it for a home loan application or college financial aid, obtaining an IRS transcript is a straightforward process. Here’s how you can get your IRS transcript hassle-free.

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First-Time Homebuyers Credit and how it may affect your current tax return.

4 minutes read

The First-Time Homebuyers Credit was a government initiative meant to increase the sale of homes in the United States.  The credit has been offered for tax years 2008, 2009, and 2010.  However there are some fundamental differences from year to year which may affect your current tax filing.

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