First-time homebuyers credit extended on Nov. 6, 2009
Due to the massive number of foreclosures and short sales going on around the country may taxpayers will more than likely experience a "Cancellation of Debt". The following newsletter will help you understand and possible exclude the income from your tax return.
On July 30, 2008, President Bush signed into law the Housing Assistance Act of 2008. The Housing Act includes tax breaks for taxpayers such as a refundable credit for first-time homebuyers and a new state and local property tax deduction for non-itemizers in 2008. Click below for a brief summary of selected items.
What is the difference between a corporation and an LLC? What benefits and disadvantages are there to either? This newsletter will help you understand the advantages and disadvantage?
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How long should you keep tax records? If your attic is getting filled up with old records, perhaps this will help. Suggested holding period
OTHER NEWSLETTERS
As members of National Association of Tax Professionals (NATP) we are including some informative newsletters that NATP provided. We hope you find the following articles helpful. Please let us know!
Wells Income Tax
