* Some good news this past tax season as AccountantsWorld.com reports that “H&R Block Prepares Fewer Tax Returns This Year”. Unfortunately it did not hurt Henry and Richard’s pockets, due to “higher average fees”.
* I recently reported on the upcoming NJ State Tax Amnesty Program. Kay Bell reports on other scheduled state tax amnesties in “Owe State Taxes? Check Out Amnesties” at DON’T MESS WITH TAXES.
* Williams Perez correctly answers a much-asked question in his post “Can Freelancers Write off the Value of Time for Charity?” at WILLIAM’S TAX PLANNING BLOG (About.com).
He also points out why it is “more better” for a freelancer to donate his/her time than to charge the charity for the services performed and then turn around and donate the fee back to the organization.
* Peter Pappas of THE TAX LAWYER’S BLOG reports that “Senate Adopts Obama Budget, $750 Billion of Tax Cuts Included”.
Pete points out that the budget includes an extension of the 10% bottom income tax bracket, the child tax credit, marriage penalty relief, education incentives, and all of the other 2001 and 2003 GWB tax cuts, but, as BO had promised, only for those families making under $250,000.