How to Set Up Household Files to Save Time and Avoid Tax Credit Recapture
At some tax credit sites, setting up a household file may mean randomly tossing all the paperwork concerning a household into a folder. Or household files may be organized in a way that’s understood by only one or two staffers. But practices like these can cost the owner its tax credits. When IRS or state housing agency auditors need to review your files, they could be sifting through decades’ worth of documents.