U.S. Senate approves rapid tax deduction for Haiti relief contributions-
In a whirlwind procedure, the U.S. Senate by voice vote approved legislation this afternoon to allow taxpayers who make contributions to the Haiti earthquake relief effort between January 12 and February 28, 2010, to take a deduction for those contributions on their 2009 income tax returns.
Those who have already filed their 2009 income tax return may amend to take advantage of the new deduction.The language of the bill states that a taxpayer may treat any contribution, defined as a "cash contribution made for the relief of victims in areas affected by the earthquake in Haiti on January 12, 2010, for which a charitable contribution deduction is allowable under section 170 of the Internal Revenue Code of 1986," made after January 11, 2010 and before March 1, 2010, as if such contribution were made on December 31, 2009.
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Red Cross texting info:
This is so very sad and every little bit helps for sure!
Text "Haiti" to 90999 for a $10 quick donation for starters.
(Your Cell phone carrier will add it on the next bill)
This way you are sure that your donation gets to the right place and you will also have a receipt!
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Joan has experience closing all sorts of loans: first and second mortgages, open-ended credit lines, fixed equity HELOCS, FHAs, balloon mortgages, reverse mortgages, purchases (first and second home/investment properties), construction loans, rental properties, time-stares, and interest-only loans. You can rest assured that one has the know-how to handle your documents properly.
Joan also has experience with other notary work such as hospital notarization, passport, parent permissions, Insurance claims, deposition and other important documents.
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(IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.)