The Worker, Homeownership and Business Assistance Act of 2009, signed into law on Nov. 6, 2009, extend and expand the first-time homebuyer credit allowed by previous Acts.
     Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return.

Tax Jokes

"65% of people say that cheating on your income tax is worse than cheating on your spouse. The other 35% were women." — Jay Leno "The IRS said today anyone with a refund coming from their 2001 taxes will lose it if they don't pick it up by April 15th. If it is more then three years they will just keep it. How come it doesn't work that way with back taxes?" — Jay Leno If a lawyer and an IRS agent were both drowning, and you could only save one of them, would you go to lunch or read the paper? What's the definition of an accountant? Someone who solves a problem you didn't know you had in a way you don't understand. When does a person decide to become an accountant? When he realises he doesn't have the charisma to succeed as an undertaker. What's the difference between an overzealous tax auditor and a rottweiler? A rottweiler eventually lets go! Why do sharks not attack tax auditors? Professional courtesy.