American Recovery and Reinvestment Act of 2009

Going Green and Reducing Taxes

These days everything is pushing us towards a greener lifestyle.  But did you know that making the choice to invest in green products not only can save you money on your utility bills and possibly get you a rebate from … read more

Nonbusiness Energy Property Credit

Are you thinking of going green and making energy efficient improvements to your home?  Well, now is the time to act! The American Recovery and Reinvestment Act of 2009 has increased the tax credit from 10% to 30% of the … read more

New NOL Provisions Under the Worker, Homeownership and Business Assistance Act of 2009

Did you have income during the last 5 years, but find your business is now in a loss situation in 2009?  The new NOL provisions under the Worker, Homeownership, and Business Assistance Act of 2009 (WHBAA), signed into law November … read more

Making Work Pay and Government Retiree Credits

There is a new credit on the Form 1040 this year – computed on the new Schedule M (see prior post on Schedule L and Schedule M).  This credit is named the Making Work Pay and Government Retiree Credit and … read more

Schedule L and Schedule M – Not Just for Business!

For those of us that have been around the federal tax forms for a long time – or even maybe just a wee bit of time – there was something that could always be counted on.  And that was if … read more

New Vehicle Sales Tax Deduction

Recently, while looking over my vehicle repair bills from the past year or so, I decided that it was time to look into replacing my 8-year old car. With all of the great prices and incentive programs available it seemed … read more

Don’t Miss the Election to Elect A Longer NOL Carryback!

Hopefully you’re not too late. Calendar year corporations only have until September 15, 2009 to make the election of a long net operating loss carryback, but eligible individuals have until October 15, 2009 to make the election. The longer carryback … read more


There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.

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