Category Archives: Business

The President recently signed into law the “Hiring Incentives to Restore Employment Act of 2010” (the Act; PL 111-147). The Act gives a one-year lease on life to enhanced expensing rules under section 179 of the Internal Revenue Code, which … Continue reading →

This is the first of several articles I will post regarding recently passed federal tax legislation. Articles concerning tax provisions contained in the Patient Protection and Affordable Care Act (the Healthcare Act), signed by the president on March 23, will … Continue reading →

The Internal Revenue Service today issued a news release reminding eligible taxpayers that they must act soon if they want to take advantage of the expanded business loss carryback option included in this year’s American Recovery and Reinvestment Act (the … Continue reading →

Congress returns from its summer vacation tomorrow and has a lot on its plate. Health care reform will take most of Congress’ time. Wholesale tax reform is off the table until, my guess is, 2012. We can look for tax … Continue reading →

I haven’t cluttered your inbox with a tax update newsletter lately because, while a lot of tax proposals are floating around Washington, it is all posturing at this point. As things begin to jell somewhat, I’ll resume tracking legislation and … Continue reading →

The American Recovery and Reinvestment Tax Act of 2009 (also know as the Stimulus Act) contained important provisions that are applicable to 2008 business income tax returns currently being prepared. The amendments affects the carryback of 2008 net operating losses. … Continue reading →

The American Recovery and Reinvestment Act of 2009 (the Stimulus Act), which became law February 17, includes 27 pages (by my count) of changes to the health benefit provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly referred … Continue reading →

In a separate post, which most of you have received, I have published a brief summary of the recently enacted American Recovery and Reinvestment Tax Act of 2009 (also known as the Stimulus Act) as it applies to individuals. This … Continue reading →

It has been hard to write about the recently enacted American Recovery and Reinvestment Act of 2009 (the Stimulus Bill), because it is so terribly disappointing. I didn’t like it when I first read it, neither the market nor the … Continue reading →

As this is being written, the House and Senate are considering compromise economic stimulus legislation. The result may be available later this week. While I have been monitoring the separate bills as they have progressed through Congress, I have not … Continue reading →