Dear Valued ADP Client:
On March 18, 2010, the federal government enacted the Hiring Incentives to Restore Employment (HIRE) Act. This $18 billion package is designed to help employers create more jobs for Americans and reward them in the process of doing so.
Central to this act is a provision for a payroll tax holiday that enables [...]

Start-up costs are amounts paid or incurred for: (a) creating an active trade or business; or (b) investigating the creation or acquisition of an active trade or business. Start-up costs include amounts paid or incurred in connection with an existing activity engaged in for profit; and for the production of income in anticipation of the [...]

The American Opportunity Act was expanded under the American Recovery and Reinvestment Act (ARRA) of 2009, so that more parents and students will be eligible for a tax credit over the next two years to pay for college-related costs.

IRS Tax Tip “Seven Important Facts About the First-time Homebuyer Credit” (No. 2010-27), dated February 9, 2010, reminds taxpayers of key factors in claiming the credit. Both first-time homebuyers and long-time residents purchasing a new home may be eligible for the credit it they bought a home in 2009 or early 2010.

New York state Tax Department established the “Penalty and Interest Discount” (PAID) program giving taxpayers with old, delinquent tax bills an opportunity to save up to 80% of the penalties and interest owed.
Under PAID, taxpayers can save up to 80% of the accrued penalties and interest on delinquent tax bills issued on or before December [...]