The recently enacted "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010" is a sweeping tax package that includes, among many other items, an extension of the Bush-era tax cuts for two years, estate tax relief, a two-year "patch" of the alternative minimum tax (AMT), a two-percentage-point cut in employee-paid payroll taxes and in self-employment tax for 2011, new incentives to invest in machinery and equipment, and a host of retroactively resuscitated and extended tax breaks for individuals and businesses.
Click here to look at the key elements of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 package.
To contact a member of Skoda Minotti's Tax Planning & Preparation Group, call 440.449.6800 or visit www.skodaminotti.com.
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