Wednesday, January 27, 2010

It's that time of the year again!

Ha! Beat you to it this year. So many of you called last year and told me that. Well we are ready for another thrill ride through tax season. Already getting plenty of questions, especially about the first time home buyer's credit. Two things a little different this year on that one. Number 1 is if you want the credit you better be ready to prove that you qualify for it. The IRS wnats a copy of your closing statement. Which brings us to number 2, because of the closing statement requirement you have to file a paper return... no electronic filing. That means it will take an additional 4-6 weeks to process your return. You can blame the scammers from last year on the new rules. More tax items to follow.

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