Monday, March 29, 2010

Save the Date! - Client Appreciation Party

Mark your calendar for Friday, May 7, 2010 for eeCPA's client appreciation party. Get ready for Casino Night and plenty of food, music, gambling, and prizes. Why? Because we appreciate you! More details to come...

Tuesday, March 16, 2010

Client Spotlight - Germain Kirk

Germain Kirk is an online designer, developer, and consultant based in Scottsdale, Arizona. Through his company, KirkInteractive, Germain offers small and mid-sized businessess and organizations professional web site design, doman and hosting plans, E-mail marketing, Search Engine Optimization (SEO), consultation, analytics, and site management services. Germain has been involved with internet services for more than 13 years, starting when he was in college at the University of Washington in Seattle. Since then he has worked with inline properties in the broadscast TV industry in Washington state and Arizona- most recently at 3TV KTVK as the Site Master for AZfamily.com

Currently, Germain is a national online consultant for Cox Communication (
www.cox.com) and also does online consultation and web development for the Metro Phoenix Parternship for Arts & Culture. If you are interested in any online services, you can email Germain at germain@kirk-interactive.com, call at 1-888-335-3439 or visit www.kirk-interactive.com.

Tuesday, March 9, 2010

Homebuyer Tax Credit - It is No Longer Just for First Time Buyers

On November 6, 2009, President Obama signed into law the “Worker, Homeownership, and Business Assistance Act of 2009.” The new law extends and generally liberalizes the tax credit for first-time homebuyers and includes some restrictions to prevent abuse of the credit. What can this mean for you? The new law will make it easier for you to buy or sell a home and aims to improve the real estate markets. Best of all, the changes can be a tax-saving tool!


Here are the facts about the revised homebuyer credit:

· Deadline Extended. Previously, the homebuyer credit applied only to purchases after April 8, 2008 and before December 1, 2009. Now the homebuyer credit is extended to apply to a principal resident bought before May, 1, 2010. Additionally, homebuyers can use the credit if they bought a principal residence before July 1, 2010 if they entered a written contract before May 1, 2010. With the extra months available, homebuyers can apply the credit if they find a home they like but cannot close on it before May 1, 2010.

· “Long-Time Resident” Credit. The homebuyer credit no longer applies to first time home purchases. If you maintained the same principal residence for any period of five consecutive years during the eight years ending on the date that you buy the subsequent principal residence, you can claim credit of up to $6,500. In order to qualify, you do not need to sell your current home; rather you can buy the replacement home to meet the new deadlines.

· Now available to higher-income taxpayers. The homebuyer credit phases out over higher levels of modified AGI, range is between $125,000 and $145,000.· New home-price limit for the homebuyer credit. The homebuyer credit cannot be claimed for a home if its purchase price exceeds $800,000.

The restrictions:

· Settlement Statement. The homebuyer credit cannot be claimed unless the taxpayer attaches the settlement statement to the return.


Please call us today to find out how you can benefit from the homebuyer credit!