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Thursday, November 12, 2009

IRS Concern For The Home Buyer Credit

by taxnick on November 12, 2009

The dead line for The First Time Homebuyer Credit is November 30, 2009, which is just around the corner.  As we know, the Housing and Economic Act of 2008 allows a tax credit of $ 8,000 for qualified first time home buyers. This credit is available for the homes purchased from April 8, 2008 to [...]

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Democrat Questions Catholic Group’s Tax-Exempt Status

by taxnick on November 12, 2009

Catholic bishops did nothing wrong in pressing Congress to bar federal funding of abortion in the Democrats’ health care reform bills, and any IRS investigation resulting from the bishops’ stance would be construed as harassment, the Catholic League said on Wednesday.
The Catholic League was responding to a Democratic lawmaker, who questioned whether the U.S. Conference [...]

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