Real estate and property tax | AccountingWEB.com

New tax legislation creates, renews many breaks

12/27/2010 - 11:32 - 5479 reads

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 is packed with new provisions. Following is a rundown of what you can expect from this legislation.

Update: Obama signs tax bill into law

12/17/2010 - 10:57 - 6379 reads

President Barack Obama signed a tax bill into law Friday that allows tax cuts for all income levels to continue for another two years and extends unemployment benefits for the next 13 months.

Senate approves tax package that includes extending tax cuts, unemployment benefits

12/15/2010 - 17:10 - 4419 reads

The U.S. Senate today gave broad bipartisan approval to a tax bill that extends the Bush era income tax rates, capital gains and dividend rates for individuals, and adjusts exemptions for the AMT.

Obama strikes tentative deal to extend tax cuts, unemployment compensation

12/07/2010 - 13:25 - 3720 reads - 1 comment

President Barack Obama announced a compromise with Republican congressional leaders to extend the Bush-era income tax rates, extend unemployment compensation, and cut payroll taxes.

Year-end tax planning tips

12/01/2010 - 12:08 - 4375 reads

As 2010 winds down, there is still plenty of time to put last-minute tax-planning techniques into play, according to Grant Thornton LLP.

Tips to consider when making year-end estate planning decisions

11/24/2010 - 12:32 - 3289 reads

Big changes are coming to the estate tax in 2011 with or without Congressional action. At the end of this year, the estate tax reform passed in 2001 is set to expire. Lawmakers still have not made up their minds what to do about estate tax reform.

Update: President signs into law fix for homebuyer credit

07/02/2010 - 17:55 - 7397 reads - 1 comment

On Friday, July 2, President Barack Obama signed into law the Homebuyer Assistance and Improvement Act of 2010, legislation designed to give homebuyers extra time to get financing and finish paperwork and still qualify for the homebuyer tax credit.

Recession has strong impact on state, local business taxes

04/27/2010 - 16:07 - 2885 reads

upset angry frustrated man businessman stressed

The recession has had a huge impact on state and local business tax collections, according to a recent study. This decline has legislators scrambling to fill huge budget gaps by raising taxes and reducing government spending.

New tax forms 5405 and Schedule L complicate tax returns

01/19/2010 - 22:45 - 31911 reads

Claiming the First Time Homebuyer Credit and additions to standard deduction gets complicated with new tax forms and required documentation.

Business Tax Index ranks state tax systems

06/19/2009 - 13:28 - 4155 reads

In April, 2009, the Small Business & Entrepreneurship Council (SBE Council) published the "Business Tax Index 2009: Best to Worst State Tax System...