Tax Law

Recent Posts

New Jobs Bill's Tax Provisons Favor Employers
Posted on 25 Mar 2010 by Patricia Hughes Mills, J.D., L.L.M.

Hiring Incentives to Restore Employment Act ("HIRE" Act) tax provisions include a payroll tax holiday for employees hired in 2010, along with an employer tax credit if those employees are retained for a year. HIRE also increases business assets... Read More

Reporting Requirements for U.S. Owners and Grantors of Foreign Trusts
Posted on 18 Jul 2011 by Diane L. Mutolo

The Hiring Incentives to Restore Employment Act ("the HIRE Act"), signed into law by President Obama on March 18, 2010, amended and added provisions of the Internal Revenue Code with the aim of increasing foreign account tax compliance. The... Read More

Reporting Obligations of U.S. Beneficiaries of Foreign Trusts and New Form 8938
Posted on 20 Apr 2012 by Diane L. Mutolo

In 2010, Congress enacted the Foreign Account Tax Compliance Act (FATCA) as part of the Hiring Incentives to Restore Employment Act ("the HIRE Act"), and the legislation amended the Internal Revenue Code with the goal of increasing foreign account... Read More

Hiring Incentives to Restore Employment Act - An Analysis
Posted on 26 Mar 2010 by Gerald W. Paulukonis, J.D.

This article discusses the tax provisons of H.R. 2847, which was signed into law by President Barack H. Obama on March 18, 2010 and enrolled as Public Law 111-147. Although a key focal point of the legislation was extending jobs, there were numerous tax... Read More