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TaxingTimes Aug 2010 Issue:
TaxingTimes Jul 2010 Issue:
The Worker, Homeownership, and Business Assistance Act of 2009 was signed into law on November 6, 2009. The new law extended and modified the first-time homebuyer tax credit. In addition, the law allows businesses with net operating losses (NOLs) for 2008 or 2009 to carry back those losses for up to five years.
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