Extended Due Date

The due date for Corporation tax returns that filed an extension for 2008 is due September 15th, 2008. For individuals and Partnerships the due date is October 15th, 2008.

Capital Gain exclusion on Primary residence

As per IRC 121-When you sell your primary residence, you can make up to $250,000 in profit if you’re a single owner, twice that if you’re married, and not owe any capital gains taxes if you meet the ownership and use tests. You will generally only need to...