CCH Tax News Headlines - January 18, 2010

Jan 18, 2010 1 Replies

CCH Tax News Headlines - January 18, 2010 Federal Headlines:



1/18/2010 - _IRS Prepares for Rush of Early Filers Seeking Refunds (IR-2010-4; IR-2010-5)_
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1/18/2010 - _IRS Releases First-Time Homebuyer Credit Form; More Documentation Required (IR-2010-6)_
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State Headlines:
1/18/2010 - _Illinois --Multiple Taxes: Governor Calls for Tax Reform in State of State Address_
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1/18/2010 - _Missouri --Multiple Taxes: Proposal to Replace Income and Sales Taxes With "Fair Sales Tax" Introduced_
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1/18/2010 - _Virginia --Sales and Use Tax: SST Conformity Legislation Introduced_
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Interesting, the form says the higher AGI limit for the credit applies to homes purchased Nov 7 or later.

6 If the date purchased is: Before November 7, 2009, enter $75,000 ($150,000 if married filing jointly), or After November 6, 2009, enter $125,000 ($225,000 if married filing jointly)

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