Tax Articles
New Tax Landscape with the American Recovery and Reinvestment Act of 2009
By: Terry Myers and Dee DeScherer
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The American Recovery and Reinvestment Act of 2009 spells changes in income and payroll taxes that affect the current year, creating new obligations and new opportunities for your clients. We’ve collected several resources and links so you can learn more, including analysis of the effect of the new law on individuals and businesses, and sample letters to adapt for income tax clients.
Why Now? We know you’re heads down in 2008 returns, but we also know you’ll be doing most of your talking to tax clients around this time and we want you to be ready.
Income Taxes
Tax specialists Terry Myers and Dee DeScherer analyze the effects of the new legislation on income taxes for your individual and business clients for the tax year 2009. And they provide these time-saver drafts for client letters you can adapt to mail or email to clients as appropriate.
Recovery Act Offers More than Pay Hikes for Individuals
New Law Creates, Expands, and Extends Tax Breaks for Businesses
Payroll Taxes
Intuit’s payroll group has created this page for you to stay up to date on how the new act will be affecting payroll taxes here:
Terence M. Myers, J.D. and Dorinda D. DeScherer, J.D. are nationally renowned writers on tax topics for such publications as Accountants Tax Weekly, Tax Return Preparer's Letter, Nonprofit Tax and Financial Strategies, and Executive's Tax and Management Report. For many years Myers was Managing Editor and DeScherer Assistant Managing Editor for many Prentice Hall tax newsletters. Myers and DeScherer have published books and other publications with Harcourt Professional Publishing, Aspen Publishers, Prentice Hall, and the AICPA.
Last Updated: 03/25/2009
