Well, here is the bad news I promised on the Housing Assistance Tax Act of 2008 and that is the closing of a “loophole” that was a great piece of tax planning for clients with rental properties. I fail to see the “assistance” in this tax act…
Under current law, you can take a property that [...]
Posts Tagged ‘Housing Assistance Tax Act of 2008’
Housing Assistance Tax Act of 2008 – Part I
Posted in Individual Tax, Tax Acts and New Tax Laws, tagged 2008 1040 changes, Housing and Economic Recovery Act of 2008, Housing Assistance Tax Act of 2008, Individual Tax, new tax law, property tax deduction on August 4, 2008 | Leave a Comment »
President Bush signed the Housing and Economic Recovery Act of 2008 on Wednesday, July 30th, 2008, which contained tax provisions titled the Housing Assistance Tax Act of 2008. There are many changes that will affect the 2008 tax year, and I hope to cover them in the next week for you.
Here are some great resources:
CCH [...]
PDXCPA Twitter Tax Updates
- Worker, Homeownership, and Business Assistance Act of 2009 - great CCH summary now available: http://bit.ly/3Sf5O3 1 week ago
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