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Tag Archives | Tax Planning

Congress Adjourns Leaving Taxpayers With A Mess

Merry Christmas from Congress.  In their rush to railroad through the overhaul of our health care system, the Senate left many pressing tax issues unresolved.  The Kiplinger Tax Letter says, “The gridlock could lead to a train wreck on taxes in 2010.  Not only will unfinished business have to be taken care of, but Congress will […]

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Even Scrooge Might Like This Way of Giving

Charles Dickens has a scene in A Christmas Carol where two charity workers approach Scrooge on Christmas Eve:           . . . “a few of us are endeavouring to raise a fund to buy the Poor some meat and drink and means of warmth. We choose this time, because it is a time, of all […]

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Is It Time to Buy a House? Look Beyond First-Time Homebuyer Tax Credit

I’ve been seeing last-minute real estate ads reminding potential home buyers about the federal first-time homebuyer tax credit that expires at the end of 2009. The credit equals 10% of a home’s purchase price, up to a maximum of $8000. For the right buyers in the right place at the right time, taking advantage of […]

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