On December 16th, 2010, the House of Representatives by a vote of 277–148 passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, HR 4853, which would postpone the sunset of the 2001 and 2003 tax cuts, reduce the estate tax, extend a large number of expired provisions, and extend unemployment benefits. [...]
Today’s economic environment can be summed up with one word: uncertainty. The same holds true for the forecasted tax picture in 2010 and 2011. We are all waiting to see if the tax cuts enacted under former President George W. Bush will in fact expire at the end of 2010, thereby pushing personal [...]
A host of new changes have arrived with the new year, and in order to get your finances off to a good start in 2010, it’s important to be aware of the following new tax laws:
1. Starting in 2010, individuals with any amount of modified adjusted gross income can switch a traditional IRA to a [...]