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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...

Additional First-Year Depreciation for Certain Property

An additional first-year depreciation deduction equal to 50 percent of the adjusted basis of qualified property is allowed for qualifying property that is acquired during calendar years 2008 through 2012. The additional first-year depreciation deduction is allowed for the taxable year in which the property...