Richard Rogers, EA| January 20, 2010
For those of you that will need to file a California Tax return for 2009 I thought I would go over some of the more important California tax law changes that might have some impact on your tax return. Below are listed just some of the changes that I think may have the most impact.
Richard Rogers, EA| November 9, 2009
President Obama signed into law on November 6th the Worker, Homeownership and Business Assistance Act of 2009.
The major thrust of the new bill was to extend Unemployment Compensation by up to an additional 14 weeks for jobless workers but the new law also includes tax provisions for businesses and individuals, including new Net Operating Loss (NOL) provisions, increased penalties for S-Corporations and Partnerships for late filing of tax returns, the extension of the FUTA tax surcharge, plus a number of other changes. The law also extends the first-time homebuyer tax credit and makes modifications to allow existing homeowners to take advantage of the credit for the first time under certain circumstances
Richard Rogers, EA| September 1, 2009
Small Business have until September 15, 2009 (and eligible individuals until October 15 ,2009) to file their tax return to take advantage of the special NOL provision that was enacted with the American Recovery and reinvestment Act (ARRA). If the eligible taxpayer has deductions (including theft losses) in excess of income this provision expands the [...]
