Energy tax incentives in the American Recovery and Reinvestment Act of 2009 Mike Habib, EA Tax Relief & Tax Problem Resolution The recently enacted “American Recovery and Reinvestment Act of 2009” (the 2009 economic stimulus act) includes a package of tax incentives to encourage investments in renewable energy projects or…
Business tax changes in the American Recovery and Reinvestment Act of 2009 Mike Habib, EA Tax Relief & Tax Problem Resolution I’m writing to give you an overview of the key tax changes affecting business in the recently enacted “American Recovery and Reinvestment Act of 2009” (the 2009 economic stimulus…
Expanded college credit in the American Recovery and Reinvestment Act of 2009 Mike Habib, EA Tax Relief & Tax Problem Resolution The recently enacted “American Recovery and Reinvestment Act of 2009” (the 2009 economic stimulus act) includes a measure aimed at making college more affordable for low and moderate-income students.…
Enhanced first-time homebuyer credit in the American Recovery and Reinvestment Act of 2009 Mike Habib, EA Tax Relief & Tax Problem Resolution In hopes of spurring the housing industry, the recently enacted “American Recovery and Reinvestment Act of 2009” (the 2009 economic stimulus act) includes an enhanced tax credit for…
“Making Work Pay” tax credit in the American Recovery and Reinvestment Act of 2009 Mike Habib, EA Tax Relief & Tax Problem Resolution The recently enacted “American Recovery and Reinvestment Act of 2009” (the 2009 economic stimulus act) contains a wide-ranging tax package that includes tax relief for low and…
Tax changes affecting individuals and families in the American Recovery and Reinvestment Act of 2009 Mike Habib, EA Tax Relief & Tax Problem Resolution The recently enacted “American Recovery and Reinvestment Act of 2009” (the 2009 economic stimulus act) contains a wide-ranging tax package that includes tax relief for low…
IRS LMSB Memorandum targets artificially-generated foreign tax credits LMSB Tier I Issue Foreign Tax Credit Generator Directive – Revision 1 (LMSB-04-0109-002, February 19) Mike Habib, EA Tax Relief & Tax Problem Resolution In a Large & Mid Size Business Division (LMSB) Memorandum, IRS has focused on the problem of foreign…
Battle over UBS secret accounts is before US court Associated Press MIAMI_U.S. tax authorities should quickly gain access to the secret accounts of 52,000 wealthy Americans at Swiss bank UBS AG to stop continuing tax evasion, U.S. lawyers told a federal judge. “The United States does not believe justice is…
TIGTA assesses how well IRS Examination function scrutinizes all open tax periods during audits [Audit Report No. 2009-30-034]: IRS Examination function employees do not always appropriately inspect and examine prior and/or subsequent year tax returns when warranted, the Treasury Inspector General for Tax Administration (TIGTA) said in a new audit.…
IRS not obligated to accept offer in compromise Bennett, TC Memo 2008-251 Mike Habib, EA The Tax Court held that the IRS did not abuse its discretion when it refused to accept the taxpayer’s settlement offer, which was higher than the amount it had calculated the taxpayer could pay. Instead…