Reporting of Uncertain Tax Positions - Increased Disclosure Requirements
Mar 10, 2010
Effective Date of Changes The changes applie to those corporations and other business taxpayers having (i) assets with a value in excess of $10,000,000, and (ii) financial reporting under which reser...
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Carryback of 2008 and 2009 Net Operating Losses to Generate Tax Refunds
Mar 10, 2010
Scope of New Legislation Under Section 172 of the Internal Revenue Code of 1986, as amended, NOLs are generated when a taxpayer has an excess of allowable deductions over taxable income, i.e. when th...
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First Time Homebuyer Credit Expansion
Mar 10, 2010
Scope of Credit Subsequent legislation, the Worker, Homeownership and Business Assistance Act of 2009 (the “WHBAA”), extended the deadline. Taxpayers who have a binding contract to purchase a home b...
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