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First-Time Homebuyer Credit Closing Deadline Extended to September 30, 2010
The deadline for the completion of qualifying First-Time Homebuyer Credit purchases has been extended. Taxpayers who entered into a binding contract before the end of April now have until September 30, 2010 to close on the home. The Homebuyer Assistance and...
Deadlines Extended for Certain Retirement Plans in Eight States
In Notice 2010-48, the IRS provides administrative relief for sponsors of defined contribution plans, such as §401(k) plans, that were affected by the storms and other severe weather in those counties in Alabama, Connecticut, Massachusetts, Mississippi, New Jersey,...
Tax credit debuts for life science firms
A federal tax credit that aims to spur more research and development on the best ways to treat chronic diseases will soon be available to Massachusetts’ life science companies.Starting today, the Therapeutic Tax Credit is a two-year credit that businesses with 250 or...
IRS Issues Regulations on 10-Percent Tax on Tanning Services Effective July 1
WASHINGTON — The Internal Revenue Service today issued regulations outlining the administration of a 10-percent excise tax on indoor tanning services that goes into effect on July 1. The regulations were published today in the Federal Register. In general, providers...
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