title>Tax Guru-Ker$tetter Letter Wizard Animation

                 

Tax Guru-Ker$tetter Letter
Saturday, December 19, 2009
 
Explanations of some new tax laws

From the latest issue of Intuit’s ProConnection newsletter



Quick Tax Relief for Clients with Net Operating Losses. Longer Carryback, Larger Scope


Three Versions of Homebuyer Credit May Confuse Clients  – On a related note, the folks at Jennings Seminars have a handy table of the different applications of the homebuyer’s credits available for download.


New Law Mandates Electronic Filing by Return Preparers If Filing Ten or More Returns – As a stubborn hold-out on e-filing so that I can attach a lot of explanatory details to tax returns, this was something I was not happy to see.  I will be investigating the penalties for not complying with  this request and will most likely continue to only prepare paper tax returns. The Bob Jennings seminar speaker a few weeks ago mentioned that e-filing is going to allow attachments of pdf pages in the next few years, so that may be what I need to be able to attach all of the self defense documents that I like to include with tax returns.  Until that is possible, I will continue to refuse to e-file.


 

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