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Just in Time for the Holidays: A Temporary Tax Compromise

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 ). An $801 billion package of tax cuts and $57...

Extension of Renewable Energy Tax Grants Comes Not a Moment Too Soon

By Jane C. Luxton and Todd B. Reinstein The renewable energy industry received a hoped-for holiday gift when President Obama signed the bipartisan tax bill, H.R. 4853, on December 17, 2010. One of the bill's key provisions extends an important tax grant program that has proven to be the magic...

Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 - An Analysis

On Friday, December 17 th , President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Pub Law 111-312). The Act contains numerous tax provisions meant to stimulate the American economy. It is vital for tax professionals to have a thorough understanding...

Changes To The Federal Estate, Gift and Generation-Skipping Transfer Taxes For 2011 And 2012

By Trusts, Estates & Nonprofit Organizations Group, Morrison & Foerster LLP On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Authorization Act ( H.R. 4853 , "the Act"). The Act affects a wide range...

Year-End Legislation Extends Key Provisions for Businesses, Provides 100 Percent Expensing for Certain Assets and Enacts New Foreign Procurement Excise Tax

By Robert A. Clary II , David G. Noren, James A. Riedy PC and Rachel E. Aaronson As part of legislation enacted at the end of 2010, the U.S. Congress extended several beneficial tax provisions for businesses, including the research credit, active financing exception under Subpart F and look-through rule...

Changes To The Federal Estate, Gift and Generation-Skipping Transfer Taxes For 2011 And 2012

By Trusts, Estates & Nonprofit Organizations Group, Morrison & Foerster LLP On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Authorization Act ( H.R. 4853 , "the Act"). The Act affects a wide range of taxes...