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BLOG, TAXES  |  29 Feb 2012

2012 not only marks the end of the Mayan calendar, but also the tax cuts of 2001 and 2003 under George W. Bush. With the aspect of likely higher taxes looming in 2013 some Congressional aides have termed the upcoming expiration of the Bush tax cuts as “Taxmageddon”. Are the expiration of the tax cuts…

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Summary Of The Major Provisions Of The Tax Relief Act Of 2010

BLOG, TAXES  |  12 Jan 2011

With much fanfare, and after months of uncertainty and eventual compromises between Democrats and Republicans, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. We can just call it the 2010 Tax Relief Act, (2010 TRA) or TRUIRJCA 2010 if you prefer. It will extend what was known as…

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What’s Behind Door # 1? (A Brief look at 2011 income taxes)

BLOG, TAXES  |  6 Aug 2010

As you probably know by now the Bush tax cuts which were enacted in 2001 and also 2003 are set to expire at the end of 2010. If Congress fails to act on taxes soon, these lower rates will be a memory, and higher tax rates will begin in 2011. Actually the rates would revert…

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