IRS Issues Guidance on New Homebuyer Tax Credit for 2009 Returns
On January 15, 2010, the Internal Revenue Service issued Information Release 2010-6, providing filing guidance for eligible homebuyers claiming the first-time
2009 and Beyond: A Challenging Time for Tax Planning
Given the unprecedented state of the economy since mid 2008 and the recent administration change in Washington, tax planning will become even more critical, especially this year.
House Introduces Tax Extenders Act of 2009
HR 4213, the Tax Extenders Act of 2009 is proposed legislation thatextends through 2010, $32 billion of tax provisions that are due to expire at the end of 2009.
Still No Guidance From the IRS On Filing Requirements for Extended FBAR Filing Deadline
The IRS indicated that the Treasury Department intended to issue further guidance prior to June 30, 2010 clarifying the FBAR filing requirements pertaining to these specified persons. To date, this guidance has not been forthcoming from the IRS.