Congressional Dysfunction and Its Impact on Taxpayers
Congressional dysfunction is not limited to financial oversight, immigration, energy policy, or health care. It is also abundant in tax policy. Taxpayers are currently facing major challenges in tax planning and so far there is little evidence that Congress will timely resolve them. ...
Charitable Donations for Haiti Relief Deductible for 2009
Congress has enacted a law that permits taxpayers to deduct contributions to qualified charitable organizations providing earthquake relief in Haiti on either their 2009 return instead of their 2010 return if certain conditions are met. Read...
NOL Carrybacks
CONGRESS ENACTS EXPANDED NOL CARRYBACKS
The Worker, Homeownership, and Business Assistance Act of 2009 (“Worker Act”) allows taxpayers to elect to carry back net operating losses (NOLs) incurred in tax years ending after December 31, 2007 and beginning before January 1,...
American Recovery and Reinvestment Act of 2009
California Sales Tax
WHEN IS THE SALE OF A BUSINESS SUBJECT TO SALES TAX LIKE AN OVER-THE-COUNTER RETAIL SALE? IN CALIFORNIA, MOST OF THE TIME
When is a sale of a business deemed a retail sale in California and subject to sales tax? Marilyn discusses the broad application of the sales tax laws...
