New Tax Law signed - Homebuyer Credit officially extended

The Worker, Homeownership & Business Assistance Act of 2009 was signed into law last week making the extension and expansion of the Homebuyer credit official.

All of the proposals I mentioned in the last article are included.

This law also has some interesting business items such as a generous expansion of the loss carryback rules which could put cash in your pocket if your business suffers a loss this year. Contact me at tperricelli@scottmcelveen.com for details.

See here & here for more details.