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Congress working on tax deduction for Haiti donors

By NIRVI SHAH nshah@MiamiHerald.com Taxpayers may be able to write off cash donations made to relief efforts in Haiti on their 2009 income tax returns.The U.S. House unanimously passed a bill Wednesday that would make donations made after Jan. 11 and ... Read >

Tax on High-Value Health Plans Gains Momentum

Tax on High-Value Health Plans Gains Momentum After Obama Speech By Brett Ferguson and Heather M. Rothman Publication date: 09/11/2009 Senate Finance Committee Chairman Max Baucus's (D-Mont.) proposal to impose an excise tax on high-value health insura... Read >

New IRS Video Series

IR-2009-92, Oct. 14, 2009 WASHINGTON â€" The Internal Revenue Service has launched a new case study and video program to help exempt organizations and their tax preparers better understand the newly revised Form 990 series which must be filed for th... Read >

Crackdown on Tax Fraud leads to Tax return preparers E-filing your Tax Return

Tax return preparers will have to pay attention to an amendment added in the Senate version of the Worker, Homeownership, and Business Assistance Act of 2009, which extended the First Time Homeowner Credit and unemployment benefits, because beginning in 2... Read >

Deferred Income May Not Be Preferred-Bush Tax cuts Expiring!

Alix Stuart, CFO.com | US December 15, 2009 For executives who have been deferring parts of their compensation, 2010 may be the time to rake in their winnings. While it's rarely advantageous to pay taxes sooner rather than later, the likely expiration... Read >

IRS Updates Travel Expense Per Diem Rates

On Wednesday, the IRS released Revenue Procedure 2009-47, which is its annual update to the substantiation rules for business travel expenses when an employer provides a per diem reimbursement allowance. It sets the per diem rate for travel to high-cost ... Read >