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Daily Archives: August 3, 2010
IRS Adds New FAQs on HIRE Act Credits
The IRS has added new frequently asked questions (FAQs) on the 2010 payroll tax exemption for hiring unemployed workers and the tax credit for retaining such workers. These tax breaks were enacted by the HIRE Act. The new questions and…
Posted in Accounting & Tax
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IRS Removes Debt Indicator for 2011 Tax Filing Season
WASHINGTON — The Internal Revenue Service today announced that starting with next year’s tax filing season it will no longer provide tax preparers and associated financial institutions with the “debt indicator,” which is used to facilitate refund anticipation loans (RALs).…
Posted in Accounting & Tax
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Mullen: US has viable Iran attack plan
The United States has a viable military plan to attack Iran and its nuclear facilities, Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, said on Sunday, stressing, though, that such a strike was probably a bad…
Posted in Government
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California Comptroller: Every Day Brings The State Closer To “Fiscal Meltdown”
California Governor Arnold Schwarzenegger declared a brand new budget emergency in California, where a $19.1 billion shortfall will force state employees to take time off, with the possibility that the state may bring back last summer IOUs to pay its…
Posted in Economy, Government
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