How to Get Recovery Credit

You are may be eligible for the recovery rebate credit this year.

The recovery rebate credit is a one-time benefit for people who didn’t receive the full economic stimulus payment last year.

Know the amount of your economic stimulus payment.

How much was my 2008 stimulus payment. 

IRS Tax Tip 2009-29

How to Correctly Claim the Recovery Rebate Credit on your 2008 Return

Business Taxes

Topics on Business Taxes that the IRS published. Click on the link below that may interest you:

Amount of the potential credit varies by type of vehicle and which of the four credits applies.

Provisions that will affect abusive tax shelter promoters, advisors and investors.

Audit Techniques Guides (ATGs)

Special tax law provisions may help taxpayers and businesses recover financially from the impact of a disaster.

Click here for more IRS Business Tax Publications.

Victims of Ponzi Investment Schemes

Below are links to the IRS publications

The IRS provides two items of guidance to help taxpayers who are victims of losses from Ponzi-type investment schemes… Read More

If you invested money directly in an investment that turned out to be a Ponzi scheme. How do you deduct your losses?…  Read More

Commissioner Shulman’s Senate Finance Testimony on Ponzi Schemes and Offshore Tax Evasion Legislation… Read More