11/13/2009 1:19:27 PM EST Recently signed legislation extends the first-time homebuyers tax credit and expands the scope and reach of the law to make home ownership even more accessible than it was previously. The U.S. Senate had passed a bill that the House or Represen ... Create an account or login to post comments. | Comments (0)
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11/13/2009 5:28:27 PM EST H.R. 3548 - the Worker, Homeownership, and Business Assistance Act of 2009 ("the new Act") - was signed into law on November 6, 2009. Businesses of all sizes may now elect to carRy back 2008 or 2009 net ... Create an account or login to post comments. | Comments (0)
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11/9/2009 9:14:40 AM EST An uphill battle awaits the health care reform movement as all eyes turn to the Senate, following passage of H.R. 3962 on November 7th. The key element in the House bill is the government health insurance plan, which appears not to have supp ... Create an account or login to post comments. | Comments (0)
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11/3/2009 7:17:04 PM EST Isolating Cost Impact. The objective of a cost impact study is to determine the difference in costs allocated to contracts because of changes to one or more cost accounting practices or failure to comply with CAS. Other changes in cost ... Create an account or login to post comments. | Comments (0)
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11/3/2009 3:16:07 PM EST Terminations for Convenience. One may wonder why a contractor would challenge a termination for convenience. Several cases illustrate that challenges can be successful and sometimes are necessary to air all of the circumstances of the ... Create an account or login to post comments. | Comments (0)
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10/22/2009 12:33:16 PM EST Unfavorable global economic conditions are presenting new transfer pricing options and decision-making dynamics for multinational taxpayers. This environment accentuates the impact of transfer pricing strategies on the earnings of multinationals.& ... Create an account or login to post comments. | Comments (0)
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10/12/2009 8:24:36 AM EST Amendments to Tax Court Rules of Practice and Procedure announced in September 2009 will align Tax Court Rules more closely with Federal Rules of Civil Procedure. One noteworthy change announced by Chief Judge John O. Colvin is that depositions of part ... Create an account or login to post comments. | Comments (0)
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9/9/2009 6:18:16 PM EST The Service issued Notice 2009-72 on August 13, 2009, establishing the qualifying advanced energy project program pursuant to IRC Section 48C(d). Notice 2009-72 announces an initial allocation round of the qualifying advanced energy project credit ... Create an account or login to post comments. | Comments (0)
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9/25/2009 11:22:09 AM EST IRS Rev. Proc. 2009-37 guidance clarifies cancellation of indebtedness (COD) relief under new IRC Sec. 108(i), created pursuant to the American Recovery and Reinvestment Act of 2009 (ARRA). The new Revenue Procedure also leaves open a few ... Create an account or login to post comments. | Comments (0)
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3/18/2009 5:36:01 PM EST A new tax provision that extends the additional 50-percent first-year depreciation deduction under IRC Section 168(k) for certain qualified property that is acquired through 2 ... Create an account or login to post comments. | Comments (0)
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9/24/2009 4:31:41 PM EST The resurgent emphasis on environmental concerns, the need to reduce pollution hazards, and remedies to mitigate them is calling renewed attention to tax credits made available even before the American Recovery and Reinvestment Act of 2009 beca ... Create an account or login to post comments. | Comments (0)
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8/26/2009 2:18:41 PM EST The Uniform Division of Income for Tax Purposes Act (UDITPA) was conceived more than 50 years ago. ... Create an account or login to post comments. | Comments (0)
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8/20/2009 6:13:45 PM EST The pending NAIC principle-based model would use principles to govern reserve valuation as a way to more accurately capture the underlying risk of the contract by using principles of risk management, asset adequacy analysis and stochastic modeling. The ... Create an account or login to post comments. | Comments (0)
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