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TAX LAW NEWS - TAX LITIGATION
From the daily archives:
The IRS (Internal Revenue Service) recently mailed an information package to 130 million households and individuals who regularly file tax returns related to the recently signed Economic Stimulus Payments.
It is important to understand that the tax stimulus payments are not applicable or available to the following individuals:
* Non resident aliens.
* People who are claimed as [...]
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President Bush today signed the housing stimulus bill (H.R. 3221, The Housing and Economic Recovery Act of 2008). The House had approved the bill 272-152 and the Senate 72-13.
There are four main tax cuts in the $15.1 billion tax package:
* Refundable tax credit for first time home buyers (10% of the purchase price, up to [...]
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