A significant meeting today between Congressional leaders and the President is postponed until November 30, 2010. Is this just business as usual? What's being held up by the inability of these leaders to meet? Just a few small things...
- Action on the Bush Tax cuts that are set to expire on December 31, 2010. That's right. They are going to meet for the first time 30 days before these tax cuts expire to work out a deal. Really?
- Action on tax extenders package. This includes the what seems like the every year extension of the alternative minimum tax exemption increase and popular tax credits like the research and experimentation credit. Failure to pass the extenders package will have a significant impact on middle class tax liabilities when they discover the increase in their alternative minimum tax liabilities.
It appears that most action on tax planning is going to have to wait until you have had your turkey dinner and started your holiday shopping. I am sure you will be excited to be spending additional time with your accountants in the holiday season.
3 comments:
Awesome post. Really enjoyed reading your blog posts.
О! Hai completato alcuni buoni punti là. Ho fatto una ricerca sul tema e ha trovato la maggior parte delle persone che avranno la stessa opinione con il tuo blog.
Questa è una meravigliosa risorsa utile che si sta fornendo e vi darà gratuitamente assente di carica. Amo vedere i siti web che comprendono il valore di fornire una risorsa di qualità utile per libero. It? S il vecchio che torna in dietro di programma.
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