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Tax Updates

August 19th, 2006 at 05:36 pm

There have been a large number of press releases by the IRS the last week. most of them probably have little impact on those that visit here, but here is a rundown on the off chance that one or two may apply to you. The full pres release for all of them can be found at the tax press release site:

Proposed Regulations Issued for Capitalization of Tangible Assets
New Law Expands IRA Options for Military Many Can Still Contribute for 2004 and 2005
IRS Begins Outreach to Entertainment Industry on Gift Bags Following Academy Agreement
New Directors Named for LMSB
Purchasers of Honda Hybrids Still Qualify for Tax Credit
Purchasers of Ford and Mercury Hybrids Still Qualify for Tax Credit

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