by mariettacp | Feb 11, 2011 | Money Tips, Tax Planning, Tax Tips
The 2010 Tax Relief Act made many beneficial changes to the estate and gift tax rules. One new rule make a particularly significant change to the gift tax. Years ago, the gift tax and the estate tax were unified, meaning they shared a single exemption and were...
by mariettacp | Jan 17, 2011 | Money Tips, Tax Planning, Tax Tips
The Tax Relief Act contains a trove of other tax breaks for businesses and individuals. One area of the tax-cut rules to be extended are those under JGTRRA. The bill defers for two years the sunset rule of Sec. 303 of the Jobs and Growth Tax Relief Reconciliation Act...
by mariettacp | Jan 14, 2011 | Money Tips, Tax Planning, Tax Tips
Congress passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 on December 16, 2010 and President Barack Obama signed it into law on December 17, 2010. This sweeping tax package includes, among many other items, an extension of...