On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. In addition to extending the Bush-era tax cuts for two years, the new legislation addresses the unusual situation that was created by the … [Read more...] about Tax Relief Act of 2010: Estate, Gift and GST Tax Changes
Tax relief act
The Tax Relief Act provided significant new opportunities for lifetime gifting and passing a greater amount of assets at death without adverse gift or estate taxes. While Congress and the President surprised many of us in 2010 with more taxpayer friendly provisions than were … [Read more...] about Will Provisions to the Tax Relief Act Be Extended?
On September 29, 2017, President Trump signed the Disaster Tax Relief and Airport and Airway Extension Act of 2017 (Disaster Relief Act), which provides relief for employee benefit plan participants who are victims of Hurricanes Harvey, Irma and Maria (Hurricanes).In addition, a … [Read more...] about The Disaster Tax Relief and Airport and Airway Extension Act of 2017 and Agency Relief for Employee Benefit Plans Impacted by Hurricanes Harvey, Irma and Maria
This Alert summarizes the changes recently made to federal estate, generation-skipping and gift tax laws under the 2010 Tax Relief Act. A chart summarizing the effects of the new law for 2010 through 2013 is included below.Under the provisions of a prior Tax Act adopted in … [Read more...] about 2010 Tax Relief Act: Estate, Gift and Generation-Skipping Tax Changes
The IRS has announced that “affected taxpayers” in areas of Florida, Georgia, Puerto Rico, Texas, and the U.S. Virgin Islands designated as “covered disaster areas” are eligible for the postponement of time to file returns, pay taxes, and perform other … [Read more...] about IRS Provides Tax Relief for Victims of Hurricanes Harvey, Irma, and Maria