Tax Relief Act of 2010: Agricultural Businesses

By dtrachtenberg | February 14, 2011

On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the “2010 Act”), which extended the so-called “Bush Tax Cuts” through 2012, thereby maintaining the current federal income tax rates, capital gain rates and dividend rates through 2012. In addition, the 2010 Act contained the following…

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Portability of Estate Tax Exemptions: General Rules

By ACIdesigns | January 17, 2011

We waited a long time, many would say too long, for estate tax legislation, and when it arrived in December, 2010, it provided some surprises. Perhaps the most significant surprise is the addition of portability of estate and gift tax exemptions between spouses, which had been included in prior bills but was not anticipated to…

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