Latest Tax News

2010 Haiti Relief Donations Deductible for 2009

New law provides taxpayers the option to claim charitable cash contributions made between January 12, 2010 and February 28, 2010 as a charitable deduction on their 2009 federal tax return. To qualify, contributions must be made to a domestic legitimate charitable organization that is assisting Haiti. For more information regarding qualified legitimate organizations and required documentation please contact one of our many tax advisors.

COBRA Assistance Coverage Under ARRA Extended

The December 19, 2009 amendment of The American Recovery and Reinvestment Act of 2009 (ARRA) extends the COBRA qualifying event period to February 28, 2010 and the maximum period for receiving the subsidy an additional six months (from nine to 15 months). The extension may require additional notices to be provided to qualified individuals. For more information on how this impacts you contact us or go to http://www.dol.gov/ebsa/COBRAmodelnotice.html.

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