President Obama yesterday signed into law H.R. 3548, the Worker, Homeownership, and Business Act of 2009, with seven major tax provision:
- Extension and Modification of First-Time Homebuyer Credit (§ 36)
- Five-Year Carryback of NOLs (§ 172)
- Exclusion from Income of Qualified Military Base Realignment and Closure (§ 132)
- Delay in Application of Worldwide Allocation of Interest (§ 864)
- Modification of Penalty for Failure to File Partnership or S Corporation Returns (§§ 6698 & 6699)
- Expansion of Electronic Filing by Return Preparers (§ 6011(e))
- Time for Payment of Corporate Estimated Taxes (§ 6655)
Documents:
- Bill Language
- Joint Committee on Taxation, Technical Explanation (JCX-44-09)
- Joint Committee on Taxation, Estimated Revenue Effects (JCX-45-09)
Press and blogosphere coverage:
