Tax Law

Recent Posts

Portability of Unused Estate and Gift Tax Exemption Between Spouses
Posted on 31 May 2011 by LexisNexis Tax Center

Editor's Note : The following is an excerpt from 2-38 Trust Administration and Taxation § 38.00[4A] (Matthew Bender) ... The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act (the "2010 Act") enacted a... Read More

Estate Tax Reinstated
Posted on 20 Dec 2010 by Patricia Tyler

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... Read More

Thorns in Making Work Pay Credit for Some Taxpayers, Says TIGTA
Posted on 19 Jan 2011 by Susan Hughes

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... Read More

Taking Advantage of the Tax Relief Act of 2010
Posted on 24 Jan 2011 by Patricia Tyler

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... Read More

Just in Time for the Holidays: A Temporary Tax Compromise
Posted on 18 Dec 2010 by Deanne Morton

Early Friday morning, December 17, 2010, the U.S. House of Representatives took the final step required to seal the fate of The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, H.R. 4853 (see 2010 Bill Tracking H.R. 4853... Read More

2011 Energy Credits at Hand, Albeit Attenuated
Posted on 24 Jan 2011 by Susan Hughes

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... Read More

Bush Tax Cut Extension Benefits and Baggage
Posted on 17 Dec 2010 by Peter Miller

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... Read More