The American Jobs and Close Tax Loopholes Act of 2010 (aka Tax Extenders Bill) passed the House on May 28, 2010 quickly. In fact, so quickly that there wasn’t a lot of time for the lobbying groups to rally protests.
The bill extended unemployment compensation, various tax deductions and credits, changed the way interest charge was [...]

The IRS has been making changes to the Electronic Filing Mandate that originated in H.R. 3548 as  predicted when it first came out.
At this point in time they are saying for this next tax season they “anticipate” asking requiring preparers who do 100 or more returns to file electronically and then lower that threshold to [...]

Written by: Jessica Dorsett, CPA
Congress passed the HIRE Act into law March 2010.  This is a credit of 6.2% of the qualifying social security wages (essentially the employer’s portion of the tax) for the remainder of 2010 on qualifying new employees.  If a payroll company prepares your payroll, please check with them to make sure [...]

Every year, TaxMama and staff make the pilgrimage to the IRS Tax Forums in Las Vegas. We have a party for staff, clients, friends, students, etc. toward the beginning of the event. That way, people who’ve only met each other online have someone to keep them company as they take classes, explore the exhibits and participate in networking opportunities at the Tax Forums.

By Dana Andrews and  Don Dey
dana@maggiemayer.com
http://www.maggiemayer.com
Many Federal energy tax credits for home improvements like replacing older furnaces and air conditioning units with new, Energy Star-rated products will expire at the end of 2010. If your plans for your principle residence or second home include replacing older heating and cooling mechanicals, or other improvements such as a [...]