How the Tax Cut Extensions Affect Family Businesses
Unless you have been mired down with holiday gift buying and year-end celebrations, you have heard that on December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, or H.R. 4853, a bill that extends the President G. W. Bush-era tax cuts, including retaining favorable tax rates on long-term capital gains and qualified dividends, providing estate and gift tax relief and an AMT “patch” for all Americans for another […]