Bush Tax Cut Extension Benefits and Baggage

In passing the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Relief Act), Congress has ended chronic anxiety over relief desired to mitigate unemployment woes and stimulate the economy. Now that President Obama has signed the bill into law, the 2010 Tax...

Finally a New Tax Law (For Now)

The long-awaited legislation concerning the estate, gift, and generation-skipping transfer taxes has been passed by both houses of Congress, and signed into law by the President. The legislation is known as the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. Here is a...

Estate Tax Reinstated

Over the last few weeks we all have been diligently watching and waiting to see what would become of the Bush tax cuts and while most would agree that a continuation of at least some of the tax cuts were necessary to keep the economy moving forward, it was the estate tax that was the sticky spot. Republicans...

Renewable Energy Treasury Grant Program Extended

Treasury's popular renewable energy grant program was extended with the passage of The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This legislation also extends certain tax depreciation benefits available for renewable energy projects. ... Extension of...

Finally a New Tax Law (For Now)

The long-awaited legislation concerning the estate, gift, and generation-skipping transfer taxes has been passed by both houses of Congress, and signed into law by the President. The legislation is known as the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. Here is a...

Thorns in Making Work Pay Credit for Some Taxpayers, Says TIGTA

The Making Work Pay Credit, an economic stimulus provision included in the American Recovery and Reinvestment Act of 2009, was intended to provide an increase to employees' take home pay by reducing the amounts withheld from employees' paychecks throughout the year. The credit, which was designed...

2011 Energy Credits at Hand, Albeit Attenuated

In recent years, tax policy has been coupled with environmental policy. In an effort to promote the more effective use of resources, certain credit provisions are enhanced to encourage taxpayers to engage in energy improvement projects. Although the energy efficiency home improvement credits were extended...

Taking Advantage of the Tax Relief Act of 2010

On December 17, 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 ("2010 Tax Act") became effective. Pub. L. No. 111-312. This new legislation provides planning opportunities for estates of decedent's dying in 2010 and for individuals and estates...

The Looming "Fiscal Cliff" and Business Risk

On Tuesday, the country will elect its President for the next four years. Exactly one week later, Congress will return to take up a critical piece of deferred business that could dramatically affect the country for the next four years and even beyond, regardless of who wins the Presidential election...