by taxnick on March 30, 2010
The Internal Revenue Service today issued proposed regulations allowing the IRS to require that tax return preparers use Preparer Tax Identification Numbers (PTINs) as the preparer’s identifying number on all tax returns and tax refund claims that they prepare. These regulations when final will implement some of the recommendations in Publication 4832, Return Preparer Review.
“These [...]
by taxnick on March 30, 2010
First-time home buyers will be eligible for a $10,000 tax credit under legislation signed this week by Gov. Arnold Schwarzenegger (R-Calif.)
The governor believes there is historical evidence from the San Joaquin Valley that suggests the tax credit could stimulate the economy.
“La Ventana Homes (in Fresno) saw a 300-percent increase in sales when the tax credit [...]