Main Page

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Revision as of 21:01, 8 February 2008 by MikeD (Talk | contribs)
Jump to: navigation, search
The free online tax research resource and
community for tax professionals.

Overview · Quick Start Guide · A-Z Index · Explore · Help

Tax Research Library

Discussion Forums

Content by Category:

Featured article

Economic Stimulus Act of 2008

Congress Passes Stimulus Tax Relief for Lower- and Middle-Income Families

Final bill provides relief to more than 20 million seniors, 250,000 disabled veterans

WASHINGTON – The U.S. House of Representatives voted in strong bipartisan support for the Senate Amendment to H.R. 5140, the Economic Stimulus Act of 2008.

H.R. 5140 will now go to the President’s desk where he is expected to sign the bill into law.

Provisions included in H.R. 5140 will:

  • Put hundreds of dollars into the hands of more than 130 million American families including seniors and disabled veterans – who will spend it immediately to reinvigorate the economy;
  • Build on the child tax credit by offering a one-time rebate of $300 per child;
  • Expand financing opportunities for Americans in danger of losing their homes because of the mortgage crisis;
  • Promote small business investment in plants and equipment; and
  • Help create 500,000 jobs by the end of the year.


Ways and Means Committee Chairman Charles B. Rangel (D-NY) issued the following remarks during consideration of the bill on the House Floor:

“I want to thank Speaker Pelosi, the Republican Leadership and Secretary Paulson for their willingness to work toward a bipartisan agreement on this critical bill. I also want to thank the Senate leadership for recognizing the urgency of this relief, and for finally getting to work to ensure its quick passage today, enabling the House to pass the Senate amendment and deliver the bill to the President for signature.

In the News

Current Tax and Accounting

  • Tax Extenders Legislation Advances in Senate Accounting Today
  • Simplified Option for Claiming Home Office Deduction Now Available; May Deduct up to $1,500; Saves 1.6 Million Hours A Year IRS
  • House Ways and Means Chairman Camp Releases Tax Reform Proposal Accounting Today
  • IRS Offers Health Care Tax Tips to Help Individuals Understand Tax Provisions in the Affordable Care Act IRS

Recent Discussions

- This site is CLOSED - go to
- COD exclusion-why use if don't need?
- Canadian NR has business in US
- Active S-Corp Dist in Excess of Basis and NII
- So much for June 1!

Recent Articles

- Equitable or Beneficial Ownership
- Current events
- Australia Protocol
- Internal Revenue Bulletin 2007-16
- Internal Revenue Bulletin Index - 2007

Did you know?

Five Key Websites For Tax Season

Did you know that TaxAlmanac was selected as one of the five key websites for Tax Season? Read more in The CPA Technology Advisor's article, Five Key Websites For Tax Season .

Contact Us – Submit Feedback – TaxAlmanac Media Coverage – Community Feedback

Personal tools