John O'Donnell is both an attorney and accountant.  He is a member of the National
Society of Accountants, and he has been providing income and estate tax services for
over 25 years. During this time he has demonstrated that you do not have to pay high
fees to receive quality service.  Unfortunately, too many taxpayers try to save their
precious dollars by preparing their own tax returns, or by using non-professionals.  
These can often be costly mistakes. Mr. O'Donnell provides a wonderful alternative.
His fees are competitive with even those storefront preparers who come around only
during tax time.

Mr. O'Donnell is available the entire year to answer all of your tax questions, and to
assist with all of your tax-related needs--including tax planning. Mr. O'Donnell
personally prepares each tax return, unlike many other accountants and tax preparers.

Every client receives personal care and attention, along with vigorous and experienced
service. Clients appreciate and respect Mr. O’Donnell’s commitment to hard-working
people. He knows how precious your hard-earned dollars are to you.  

Please feel free to call Mr. O'Donnell at (646) 733-1900 to schedule your appointment.
LAW OFFICES OF
JOHN HUGH O'DONNELL
INCOME & ESTATE TAX SERVICES
A Tax Practice
Dedicated to
Hard-Working
People
NOTE: This website constitutes "Attorney Advertising." The information provided on this page, or at this website, is not, nor is it intended to be, legal advice. You should consult
an attorney for individual advice regarding your personal situation. The information provided herein should not be interpreted as establishing an attorney-client relationship.
Copyright 2010 by John O'Donnell, all rights reserved
Please feel free to call John O'Donnell at (646) 733-1900 with any questions that you may have.
Or, if you prefer, you may send John O'Donnel an email to: john@odlaw.net
PERSONAL INCOME TAX RETURNS
LONG FORM RETURN $175*
SHORT FORM RETURN $150**
*FOR TAX YEAR 2009.  COMPLETE FOR MOST PEOPLE.  INCLUDES FORM 1040, SCHEDULE A (Itemized Deductions), NY  IT-201 or NJ 1040.
**FOR TAX YEAR 2009.  INCLUDES FORM 1040A and, NY IT-201 or NJ 1040
ADDITIONAL FORMS / SCHEDULES EXTRA (starting at $2 per form).  
PLEASE CALL FOR A FREE ESTIMATE AS TO YOUR PARTICULAR SITUATION.
ABOUT OUR SERVICES...




FULL SERVICE PRACTICE INCLUDING:
Personal & Business Income Tax Returns
Estate Tax Returns
Trusts & Estates Income Tax Returns
Electronic Filing (included)
Prior Years and Amended Returns
Comprehensive Review of Prior Tax Returns for New Clients (included)
Resolution of IRS Notices
Tax Planning
Estate Planning
ONE PENN PLAZA, 36TH FLOOR • NEW YORK, NY 10119
(646) 733-1900

The Earned Income Tax Credit or the EITC is a refundable federal income tax credit for low to moderate income
working individuals and families. Congress originally approved the tax credit legislation in 1975 in part to offset the
burden of social security taxes and to provide an incentive to work. When the EITC exceeds the amount of taxes owed,
it results in a tax refund to those who claim and qualify for the credit.

To qualify, taxpayers must meet certain requirements and file a tax return, even if they did not earn enough money to be
obligated to file a tax return.

The EITC has no effect on certain welfare benefits. In most cases, EITC payments will not be used to determine
eligibility for Medicaid, Supplemental Security Income (SSI), food stamps, low-income housing or most Temporary
Assistance for Needy Families (TANF) payments.

Will you qualify for EITC this year?

Find out if you are eligible for the Earned Income Tax Credit by answering some questions and providing basic income
information using the EITC Assistant provided by the IRS.
Earned Income Tax Credit
The newly-enacted Worker, Homeownership And Business Assistance Act Of 2009 extends and expands the first-time
homebuyer credit. The new law also expands the Net Operating Loss (NOL) provision.

Here are some key highlights:

• Making Work Pay Tax Credit. This tax credit means more take-home pay for many Americans.

• First-Time Homebuyer Credit Expands. Homebuyers who purchased in 2009 can get a credit of up to $8,000 with no
payback requirement. November 2009 legislation extends and expands this credit to homes purchased by April 30, 2010.
New documentation requirements apply.

• Money Back for New Vehicle Purchases. Taxpayers who buy certain new vehicles in 2009 can deduct the state and
local sales taxes they paid or other taxes and fees they paid in states with no sales tax.

• Education benefits. The new American opportunity credit and enhanced benefits for 529 college savings plans help
families and students find ways to pay higher education expenses.

• Enhanced Credits for Tax Years 2009, 2010.

• Increased Transportation Subsidy. Employer-provided benefits for transit and parking are up in 2009.

• Up to $2,400 in Unemployment Benefits Tax Free in 2009. Individuals should check their tax withholding.

• Energy Efficiency and Renewable Energy Incentives.

• COBRA. Workers who lose their jobs may qualify for reduced COBRA health insurance premiums for a period of up
to 15 months. Visit the U.S. Department of Labor's COBRA Web site, www.dol.gov/cobra, for details on this recently-
extended and expanded subsidy.

• Health Coverage Tax Credit. The credit increases from 65 percent to 80 percent of qualified health insurance
premiums, and more people are eligible.

More information on these and other provisions of the recovery program will be available on this Web site, IRS.gov, as it
becomes available.

For information on the broader economic recovery program, visit recovery.gov
IRS Information Related to the American Recovery and Reinvestment Act of 2009
INFORMATION FOR TAXPAYERS
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Nassau, Suffolk and New Jersey