Okoye & Associates LLC
Okoye & Associates LLC

Get in Touch With Us.

Call us at +1 301 3527333 with any questions or to schedule an appointment.

 

Okoye & Associates, LLC

3233 Superior Ln

Suite# B 1

Bowie, MD 20715

Fax: (301) 352-7338

Cell: (240) 426-3985

 

Or you may use our contact form.

 

Office Hours

You can reach us during the following hours:

 

Monday - Friday 9:00 AM to 6 PM

 

The office is open Saturdays by appointment only from January 15 through April 15.

 The office is open Saturdays by appointment only from January 15th through April 15th.

 

 

 

Get Connected!

We Keep You Up to Date

Visit our News page for regular updates on tax regulation and the latest developments at our firm.

New Tax Laws for 2009

 

We keep you informed of the most important changes:

 

The American Recovery and Reinvestment Act of 2009, signed into law on Feb. 17, 2009 allows qualifying small business to choose a net operating loss (NOL) carryback period for certain losses of three to five years, instead of the usual two-year period. Selecting the right carryback period ensures tax benefits for the business, taking into account the carryback itself and its tax picture for the current and previous years.

Disclosure and Use of Taxpayer Information – New IRS regulations provide taxpayers with greater control over their personal tax return information. The Internal Revenue Code, Section 7216, Disclosure or Use of Tax Information by Preparers of Returns, became effective January 1, 2009. These regulations limit tax return preparers' use and disclosure of information obtained during the return preparation process.

Anti-abuse rules – Act Sec. 1211(c) gives IRS the authority to issue rules which are necessary to prevent the abuse of the purposes of Act Sec. 1211, including anti-stuffing rules, anti-churning rules (including rules relating to sale-leasebacks), and rules similar to the regulations under Code Sec. 1091 relating to losses from wash sales.

 

Please schedule an appointment to learn more about important changes in tax law.

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