On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The changes under the law are much more complex than a simple extension of the Bush-era tax cuts, and the Act could have important implications for a wide range of clients, including individuals, businesses, and estates.
The new Act includes many tax changes for the individual. The Act contains an extension of the Alternative Minimum Tax relief, as well as an extension of individual tax rates. Additionally, changes to unemployment insurance, and the temporary employee payroll tax cut, are part of the new tax law.
Several changes under the tax law will also affect businesses, including business credits, recovery periods, and accelerated deductions. The Act also has an impact on S Corporations.
Finally, the new Act has ramifications for trust and estate clients and creates important tax considerations for decedents’ families. Among them, changes were made to the estate gift tax.
The program will also be available as a homestudy in three formats: audio CD, MP3 download or online video on-demand. The course materials will also be available in printed form or via electronic download.