Results 1-9 of 9

2009-2010 Expiring Federal Tax Provisions
There are many federal tax provisions that will expire at the end of 2009 unless extended by new legislation. In addition, more provisions are scheduled to expire at the end of 2010. This article will give you a brief description of the major tax provisions that are expiring.
Read more »

2009: Worker, Homeownership, and Business Assistance Act of 2009
The Worker, Homeownership, and Business Assistance Act of 2009 (H.R. 3548) was signed into law by President Obama on November 6, 2009. The bill began as a simple extension of unemployment insurance benefits but then several tax provisions were added to it, namely the expansion and extension of both the home buyer tax credit and the net operating loss (NOL) carryback rules.
Read more »

American Recovery and Reinvestment Act of 2009
On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 into law. In passing the 2009 Act, Congress hopes to strengthen the economy by "creating jobs, cutting taxes and investing in our country's future." This article will look at the principal provisions of the Act that affect our income tax returns, both for businesses and individuals.
Read more »

American Recovery and Reinvestment Act of 2009 - Effect on Fixed Assets Management
In passing the American Recovery and Reinvestment Act of 2009, Congress hopes to strengthen the economy by "creating jobs, cutting taxes and investing in our country's future." The Act seeks to do so by a combination of investments and tax cuts. President Obama signed the American Recovery and Reinvestment Act of 2009 into law on February 17, 2009. This article will look at the principal provisions of the Act that affect fixed assets management. Most, but not all, of the tax provisions described below are temporary, usually effective only for 2009 or sometimes for 2009 and 2010.
Read more »

Economic Stimulus Act of 2008
The Economic Stimulus Act of 2008 (H.R. 5140), signed into law on February 13, 2008, is intended to jump start the economy. The Act provides rebate checks to the majority of taxpayers to encourage consumer spending and it also gives significant incentives to businesses to invest in new capital equipment.
Read more »

Emergency Economic Stabilization Act of 2008: Effect on Business Returns
The legislation, signed into law on October 3, 2008, actually contains three separate bills: the Emergency Economic Stabilization Act of 2008; the Energy Improvement and Extension Act of 2008; and the Tax Extenders and Alternative Minimum Tax Relief Act of 2008. While the main focus of this Act was to address the recent financial crisis, it ended up including $150 billion in tax incentives for both individuals and businesses.
Read more »

Emergency Economic Stabilization Act of 2008: Effect on Fixed Assets Management
The Emergency Economic Stabilization Act of 2008, signed into law on October 3, 2008, actually contains 3 separate acts: the Emergency Economic Stabilization Act of 2008; the Energy Improvement and Extension Act of 2008; and the Tax Extenders and Alternative Minimum Tax Relief Act of 2008. While the main focus of this Act was to address the recent financial crisis, it ended up including $150 billion in tax incentives for both individuals and businesses. Several of the provisions affect fixed assets management.
Read more »

Emergency Economic Stabilization Act of 2008: Effect on Individual Tax Returns
The legislation, signed into law on October 3, 2008, actually contains three separate acts: the Emergency Economic Stabilization Act of 2008; the Energy Improvement and Extension Act of 2008; and the Tax Extenders and Alternative Minimum Tax Relief Act of 2008. While the main focus of this Act was to address the recent financial crisis, it ended up including $150 billion in tax incentives for both individuals and businesses.
Read more »

Heroes Earnings Assistance and Relief Tax Act of 2008
The Heroes Earnings Assistance and Relief Tax Act of 2008 (H.R. 6081), which was signed into law on June 17, 2008, provides tax relief to members of the military who are receiving combat pay, saving for retirement, or purchasing a residence. In addition, it assists civilian employers in keeping jobs available for those called to active duty.
Read more »