December 2010 archive

Gift Tax Exemption a Joyous Surprise

What a Christmas present surprise to the American taxpayer we have before us:  President Obama has signed the massive tax cut bill HR 4853 known as the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. (Tax Relief Act) On December 15, the Senate passed the compromise package with an 81–19 vote, with …

Continue reading