Small Business Tax Strategies

Smart small business owners save thousands of dollars per year on their personal and business taxes by taking advantage of the legal loopholes that the government creates for their unique tax situation. Small Business Tax Strategies cuts through tedious tax code to reveal the bonanza of completely legal opportunities to grow personal wealth and secure an enjoyable retirement.  Learn more about Small Business Tax Strategies and the two free reports you’ll get when you subscribe...

The IRS recently announced that taxpayers who claim the first-time homebuyer credit on their 2009 returns cannot file electronically. (IRS News Release IR-2009-18) Also, the IRS has revised Form 5405, First-Time Homebuyer Credit, to reflect new law changes.

Caution: If you’re claiming the credit on your 2009 return, you must use the revised form, no matter when the home was purchased. However, if you purchased a home before Nov. 6, 2009, and are claiming the credit on an original or amended 2008 return, you may use the prior version of Form 5405.