Commerce Clearing House published a summary of the federal tax provisions to be extended under the Tax Extenders Act of 2009.  CCH says

The House of Representatives approved a package of tax extenders on December 9, 2009, largely along party lines by a vote of 241 to 181.  The $31 billion Tax Extenders Act of 2009 (H.R. 4213) extends more than 50 popular but temporary tax incentives through December 31, 2010.  Most of the incentives would have expired after December 31, 2009.  Two revenue raisers – a change in the taxation of carried interest and heightened information reporting and disclosure requirements for foreign bank and fi nancial accounts – would pay for the one-year extensions.  President Obama has indicated he will sign the extenders bill as passed by the House, but the bill’s fate is uncertain in a Senate focused almost exclusively on heath care reform.

Related posts:

  1. IRS Extends Amnesty Deadline for Off-Shore Bank Users
  2. 54+ Cash Withdrawals from Banks + Unreported Income = Prison for Tax Evasion
  3. Is The IRS Coming To Audit You?
  4. Summary of Tax Provisions in the Senate Health Care Bill
  5. Numerous Tax Provisions Expired at End of 2009
  6. New IRS Form 1099 Rules: Stealth IRS Changes Mean Millions of New Tax Forms
  7. IRS ‘Wealth Squads’ On The Way
  8. What You Need to Know About Roth IRAs
  9. How Your Tax Bill Can Benefit From Low Rates
  10. New Federal Law to Find Tax Evaders Denounced