Economic Recovery Resources
Up has become down, and down has become up for your clients in today’s economic climate. To help you better serve your clients and navigate the economic waters—not just for today, but or all market conditions—CalCPA and CalCPA Education Foundation offer the following resources.
CalCPA
|
AICPA
|
Federal
|
Other
ARRA 2009
|
Recorded webcasts
|
|||
CalCPA Resources
CalCPA Personal Financial Planning Committee
Along with articles from PFP Committee members, you'll find federal information and other financial publication.
California CPA
Magazine
Investment Success in Turbulent Times
(January/February 2009)
This historic market downturn can instill an understandable fear in your clients. Here are five steps CPAs can take as trusted advisers to help clients gain back some of that investor confidence.
Tax Aspects of Foreclosures, Short Sales
(January/February 2009)
California experienced a record 800,000-plus foreclosures in 2008, and with various foreclosure related tax laws changing, here’s what you need to know.
Emergency Economic Stabilization Act
(December 2008)
Highlights of the 2008 Emergency Economic Stabilization Act, which carries news regs regarding preparer penalties, AMT patch, IRA distributions and more.
2008 Housing Assistance Tax Act
(October 2008)
First-time homebuyers credit, standard deduction for state and local real property taxes, no exclusion of gain on sale of principal residence for nonqualified use, and more are among the highlights of the act addressed here.
AICPA Resources
AICPA Economic Crisis Resource Center
Videos, whitepapers and more, broken out into topics and business categories, can be found here.
Effects of Emergency Economic Stabilization Act Provisions on Individuals
An article from the AICPA’s January 2009 issue of
The Tax Adviser
.
"Life Crisis" Section of 360 Degrees of Financial Literacy
Client Credit Crisis Communication
Surviving the Economic Crisis—Strategies from the Experts
California Resources
California Economic Recovery Portal—With an estimated $85 billion in federal economic stimulus headed toward California over the next two years, track where those dollars are going.
Federal Resources
From the IRS: Tax Provisions in the American Recovery and Reinvestment Act of 2009
ARRA Summary from the Senate Finance and House Ways and Means Committees
[PDF]
A rundown of the actions taken by the SEC with other regulators in the U.S. and around the world.
The “What Ifs” of an Economic Downturn
Comprehensive resources and guidance from the IRS.
Q&A: Do Your Clients Qualify for Mortgage Relief?
More in the Paycheck? New Withholding Tables Include Provision of Stimulus Bill
U.S. Chamber: The State of American Business 2009
Other Resources
CCH's Financial Crisis Update
A blog packed with news and resources related to the crisis.
The Economic Bailout: An Analysis of the Emergency Economic Stabilization Act of 2008
[PDF]
A white paper from banking law analysts.
