Many have asked for guidance on how long you should retain your personal income tax records. These records may have to be produced if IRS (or a state or local taxing authority) was to audit your return or seek to assess or collect a tax. In addition, lenders, co-op boards, or other private parties may require that you produce copies of your tax returns as a condition to lending money, approving a purchase, or otherwise doing business with you.

We hope that the following will serve as a guide in helping you determine the length of time you should hold your records. more…

On February 17, 2009, the president signed into law the American Recovery and Reinvestment Act of 2009. As part of this act the First Time Homebuyer credit was modified from its original form under the Housing and Economic Recovery Act of 2008. more…

2009 federal tax credits for energy efficiency includes:

• Tax Credits for Consumers
• Efficient Cars
• Tax Credits for Home Builders
• Tax Deductions for Commercial Buildings
• Tax Credit Legislation

Link to energystar.gov/taxcredits for a complete list of tax credits and frequently asked questions.