Tax Law Changes For 2010

Please Contact Us for details of the 2010 tax law changes and their impact on business and individuals for the current tax year.

The tax provisions added from the Health Care and Education Reconciliation Act of 2010, The American Jobs and Closing Loopholes Act and finally the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 provide many significant enhancements and breaks to existing deductions and credits.

Tax planning is now more important than ever.

Estate Tax Issues

For individuals who died in 2010, executors may choose to have no estate tax apply or comply with the newly passed act that puts in a $5,000,000 taxable estate floor. Generally only estates greater than the exemption amounts would elect not be taxed.

Please Contact Us for strategic planning and wise counsel.