One of the frustrating things from a tax professional’s point of view about the magically shifting world of tax credits and deductions on the whims of Congress is that it confuses taxpayers. For 2011, tops on the list of things taxpayers can’t understand is the disappearance of the Making Work Pay Credit. But second? Repayment…
The Housing Assistance Tax Act of 2008 made headlines as part of the larger Housing and Economic Recovery Act of 2008, or HERA, signed into law by President Bush. HERA was introduced as HR 3221 by Rep. Nancy Pelosi (D-CA), with the title: A bill to provide needed housing reform and for other purposes and…
Okay, maybe not all of them. I was a first time home buyer once, too. ** Oh sorry, I just drifted off to a dreamland involving no screaming kids or barking dogs. ** But the latest rounds of criticisms of the Housing and Economic Recovery Act of 2008 have gotten to me. I’ll just say…