Archive | Year 2009

Tax Changes 2009 Killer Information And Advice

Tax Changes 2009 Help From Joe Mastriano, CPA. The American Recovery And Reinvestment Act of 2009 intended to stimulate the economy and included several tax relief provisions mostly for moderately and low-income taxpayers. In addition, ARRA encourages small business owners and includes a variety of income tax breaks for business start-ups and expenses.The ARRA provides […]

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Tax Changes 2009 Killer Information And Advice

Tax Changes 2009 Help From Joe Mastriano, CPA. The American Recovery And Reinvestment Act of 2009 intended to stimulate the economy and included several tax relief provisions mostly for moderately and low-income taxpayers. In addition, ARRA encourages small business owners and includes a variety of income tax breaks for business start-ups and expenses.The ARRA provides […]

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Energy Saving Credit – Killer Advice

Energy Saving Credit New Changes And Help From Joe Mastriano, CPA. For 2009, taxpayers who install solar, geothermal or wind systems in their homes to generate electricity are eligible to receive a tax credit of 30% of the costs of all qualifying improvements. The credit rate is increased from 10% applied in 2006 and 2007.No […]

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2009 Foreign Earned Income Tax Exclusion

2009 Foreign Earned Income Tax Exclusion Qualifications If you are a U.S. citizen or a resident alien who works and earns income abroad, you may qualify for a the 2009 foreign earned income tax exclusion on up to $91,400 of your income. The maximum amount of foreign earned income exclusion increased from $87,600 in 2008. […]

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Estate Tax Exemption Killer IRS Tax Information

Estate Tax Exemption Changes And Qualifications For 2009, the federal estate taxes apply only for estates larger than 3.5 million (up from 2 million in 2008). Most people would not be subject to pay a federal estate tax on their inherited property. There are few tax law exemptions and deductions that may leave you estate […]

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Tax First Time Home Buyers Killer Information

Tax First Time Home Buyers – $6,500 Tax Credit For Existing Home Buyers Beginning with 2008, existing home buyers who purchase a new home as a replacement for their current residence may qualify for a tax first time home buyers credit equal to $6,500.In order to qualify for this tax first home buyers credit, you […]

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