Jumpstarting the 2009 tax year

  • January 5, 2009

Happy New Year! As 2009 gets underway, and you prepare for the 2008 filing season, it's important not to overlook a number of valuable tax planning opportunities that apply right away to the 2009 tax year. Here are 10 considerations for tax planning as 2009 starts.

A Quiet Windfall For U.S. Banks

  • December 24, 2008

The financial world was fixated on Capitol Hill as Congress battled over the Bush administration's request for a $700 billion bailout of the banking industry. In the midst of this late-September drama, the Treasury Department issued a five-sentence notice that attracted almost no public attention.

Congress Passes Emergency Pension Tax Relief/Technical Corrections

  • December 19, 2008

The continuing drumbeat of bad economic news has spurred the lame-duck Congress to pass an emergency package of pension recovery provisions and pension-related technical corrections.

IRS lowers business standard mileage rate to 55 cents-per-mile for 2009; Rate for medical/moving also drops

  • December 17, 2008

The IRS has just released the 2009 optional standard mileage rates, effective beginning on January 1, 2009.

Year-end brings tax cutting opportunities for individuals and businesses

  • December 17, 2008

December is always a busy month with a flurry of holiday and year-end activities. In the rush of events, it's easy to forget that the end of the year is also a very important time for tax planning. This year is no exception. Indeed, 2008 has been one of the busiest years for federal tax legislation.