To
receive our free monthly network newsletter enter your
email address below:
ADVERTISE!
Our sites have more than 200,000 highly targeted visitors
every month. With cost-effective marketing solutions to suit
any budget, we feel confident that we can deliver the results
you need.
>
Information provided on this site is for general guidance only and
is often simplified. Actual IRS procedures are complex, and taxpayers
should obtain professional assistance or use IRS sources for complete
information.
US Congress Passes Haiti Charitable Relief Plan,
by Leroy Baker, Tax-News.com, New York
Monday, January 25, 2010
On January 21, the United States Senate passed, by unanimous consent, legislation to facilitate charitable giving by Americans to the emergency aid and rebuilding efforts in Haiti.
The law allows US taxpayers to make charitable contributions to Haiti relief
programs before March 1, 2010, and claim those contributions on their 2009 income
tax return.
The Senate vote followed unanimous approval of the legislation in the House
of Representatives on January 20.
The Haiti Act of 2010 is similar to 2005 legislation to encourage Indian Ocean
tsunami relief donations and allows taxpayers to deduct cash donations made
to Haiti relief efforts on their 2009 tax filings.
“Today, Congress unanimously agreed to extend the tax deadline for charitable
giving so Americans can continue to help the relief efforts in Haiti,"
commented Senate Finance Committee Chairman Max Baucus (D- Mont.). "In the
days since the earthquake first struck, millions of Americans have donated millions
of dollars to trustworthy organizations demonstrating the compassion and concern
Americans know and the world expects."
"We developed this legislation to make it easier, and encourage people,
to donate to the relief efforts in Haiti and I thank my colleagues for their
strong support in the House," said House Ways and Means Committee Chairman
Charles Rangel (D-NY) following the House vote.
“To the extent this legislation can encourage Americans to increase what
has already been an outpouring of generous support for the people of Haiti,
it deserves the support of every member of this House, the Senate and the President’s
immediate signature,” added Ways and Means Ranking Member Dave Camp (R-Mich.).
.
PROTECT AND GROW
WEALTH OFFSHORE
Protect
Yourself and Your Assets against Devaluation of the Dollar, Currency
Controls, tax hikes and nationalization!
Discover legal ways to protect what is rightfully yours.
Truth revealed about Secure Multi-currency Banking, Family Foundations,
offshore gold/silver storage, Second Passports and more. Get your
"plan B" in place. Don't suffer from the crisis - profit from
it!
One of the web's
largest and most authoritative business and investment information
sources. Alongside topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly
updated intelligence reports cover every important aspect
of 'offshore' and international tax-planning in depth, including
banking secrecy, the EU's savings tax directive, offshore
funds, e-commerce, offshore gaming and transfer pricing. Reports
are available for immediate downloading or as subscription
services with news pages.
Lowtax Network Sites
Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail.
Tax News: Global
tax news, continuously updated through the day.
Law & Tax
News: Daily news and background data on tax and legal developments
for international business.
Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources.
US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers.
Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures.
IMPORTANT NOTICE:
THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting
the information contained on this site, but accepts no responsibility
for any financial or other loss or damage that may result from its use.
In particular, users of the site are advised to take appropriate professional
advice before committing themselves to involvement in offshore jurisdictions,
offshore trusts or offshore investments. All materials on this site copyright
The Lowtax Network 1999 - 2012.
All content on this
site has been provided by BSIRN.
USA-TAX-NEWS.COM 
