Timely points of particular interest

Solar Energy Credits--Under the new economic stimulus law, you may qualify for an enhanced energy credit of 30% (up from 10%) for installing a solar electric system in 2009. However, the IRS says in an information letter that a homeowner cannot base the credit on the full cost if the utility company provides a discount. For example, if you buy a $30,000 system and receive a $14,000 subsidy, the credit is limited to $4,800 (30% of discounted cost of $16,000).

Age Discrimination Claims--An employer may be liable for damages if it discriminates against an employee because of his or her age. But the U.S. Supreme Court has tightened the standards for plaintiffs. In a controversial new case, the court said that an employee needed to prove that age was the primary factor--and not just one of several factors--resulting in a demotion. Note: The case was decided by a narrow 5-4 margin.

TAX ADVICE DISCLAIMER: In accordance with IRS Circular 230, any tax advice included in this communication, including attachments, is not intended or written to be used, and cannot be used by you or any other person or entity, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions, nor may any such advice be used to promote, market or recommend to another party any transaction or matter addressed within this communication. If you would like such advice, please contact us.