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Resources
-- TAX PLANNING: 2008-2009-2010
- - 2009 ECONOMIC RECOVERY (REINVESTMENT) PLAN:
- Highlights include Personal and Business items:
- AMT relief and exclusion,
- Sales tax relief on new vehicle purchases,
- Plug in electrical vehicle credit,
- Transit path benefits ($230/mo),
- Computers in 529 plans
- Educational Credits
- Refundable First time home buyer credit extended and increased
- Changes to small business capital gains from 50 to 75% (section 1202)
- Extension of small business NOL carry backs (5 yrs) and expensing ($250/800K)
- Delayed recognition of debt (CODI)
- Incentive to hire Vets and 'disconnected youth'
- Making Work Pay Tax Credit ($75K/150K)
- Economic Recovery Payment to Recipients of Social Security
- Refundable Credit for Fed and State Pensioners
- Increase in Earned Income Tax Credit
- Increase Eligibility for Refundable Portion of Child Credit
- Extend tax credits for Energy-Efficient Improvements to Existing Homes
- Temporary Suspension of Taxation of unemployment benefits (first $2,400)
- Increased Unemployment Compensation Benefits ($25)
- Extension of Emergency Unemployment Compensation (33 weeks)
- Premium Subsidies for COBRA continuation coverage for Unemployed (65% COBRA-9 months)
- - Official summary of plan to be signed by President Obama Feb 16th, 2009
http://finance.senate.gov/press/Bpress/2009press/prb021209.pdf
- - HOME TAX CREDIT: Way and Means Committee - Housing Assistance Tax Act of 2008
http://waysandmeans.house.gov/media/pdf/110/eresummary.pdf
- - HOME TAX CREDIT: CCH Tax Briefing: Housing Assistance Tax Act of 2008
http://tax.cchgroup.com/legislation/2008-Housing-Assistance-Act.pdf
-- FINDING A FINANCIAL ADVISER: 2009
-- EARTHQUAKE PLANNING: Useful Earthquake Information Links:
-- INTERNATIONAL TAX PLANNING:
Useful Tax Links:
- IRS Tax Forms & Publications:
http://www.irs.gov/formspubs/article/0,,id=100482,00.html
-- IRS on Tax Treaties:
http://www.irs.gov/businesses/small/international/article/0,,id=96383,00.html
-- Revenue Canada Tax Treaties:
http://www.fin.gc.ca/treaties/in_force-e.html#United%20States
-- Revenue Canada on Canadian Taxes while in the US:
http://www.fin.gc.ca/treaties/USA_e.html
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