Welcome Guest. Register Now!  


For 2010 Tips for tax year 2010.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-09-2010, 12:32 AM
Samatg's Avatar
Administrator
 
Join Date: Jan 2007
Posts: 291
Smile What Are the Important Highlights Of 2010 Tax Law Changes

Despite folks in Washington clamoring for a simplified tax code at the end of 2009, it appears that 2010 is “shaping up to be one of the most surprising years on record for uncertainty with respect to taxes” with the potential to both cost or save taxpayers thousands of dollars in their tax liabilities!

The following list represents the 2010 top ten changes in federal individual income tax law that could have significant impact on taxpayers tax liabilities when filing their 2010 individual tax returns.

Click below to download this pdf document (requires login)
Important Highlights Of 2010 Tax Law Changes



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 12-16-2010, 06:04 PM
Junior Member
 
Join Date: Dec 2010
Posts: 1
Additional standard deduction for property tax

Click below to download this pdf document (requires login)
Important Highlights Of 2010 Tax Law Changes[/quote]

In this document, there is no mention of the removal of the "additional standard deduction for property tax". In 2008 and 2009 single taxpayers could claim additional $500 and married an additional $1000 if you do not itemize deductions.

Is it true that this additional deduction will not be available in 2010? I'm trying to decide whether to pay my 2010 property tax in 2010 or wait until 2011 so that I can itemize in 2011, and this makes a difference for me.

Thanks!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #3 (permalink)  
Old 12-27-2010, 05:42 AM
Banned
 
Join Date: Dec 2010
Posts: 17
Earl Nunes

The estate tax in the United States is a tax imposed on the transfer of the "taxable estate" of a deceased person, whether such property is transferred via a will, according to the state laws of intestacy or otherwise made as an incident of the death of the owner, such as a transfer of property from an intestate estate or trust, or the payment of certain life insurance benefits or financial account sums to beneficiaries. The estate tax is one part of the Unified Gift and Estate Tax system in the United States. The other part of the system, the gift tax, imposes a tax on transfers of property during a person's life; the gift tax prevents avoidance of the estate tax should a person want to give away his/her estate.
---------------------------------------
Earl Nunes



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #4 (permalink)  
Old 02-17-2011, 01:18 PM
Junior Member
 
Join Date: Feb 2011
Location: Tampa
Posts: 1
More Tax Relief.

What should also be kept in mind is that the capital gain and dividend rates were also extended by the Tax Relief Act of 2010. This is welcome new especially for IC-DISC shareholders.


Last edited by TaxGuru : 11-27-2011 at 03:57 PM.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #5 (permalink)  
Old 11-25-2011, 06:58 AM
Junior Member
 
Join Date: Nov 2011
Posts: 3
The constantly changing tax laws have left most Americans in a state of confusion, so it is timely that BOSS Business Services has published a Special Report on the 2010 Tax Law Changes that summarizes the various tax law changes and how they will impact many taxpayers. The HIRE Act, Health Care Reform and phase outs of laws enacted during the Bush era are just some of the topics covered in this 17 page report.
“We wanted it to be easy to read and a useful resource for our clients” commented attorney Toby Mathis, President of BOSS Business Services. Mathis expanded “Our attorneys and accountants work extremely hard to break down difficult code sections into something any of our clients can understand. There are so many critical changes in the tax laws for 2010 that we decided to make the report available to all taxpayers.”
The Special Report includes 2010 Tax Information and convenient charts for individuals and businesses as well as summaries of the most important changes made by the recent tax acts. For example, the report not only gives a list of tax benefits that have expired in 2010, but it lists out new tax credits, expanded deductions for certain transactions and even breaks down the changes due to health care reform.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Five Important Tax Credits Samatg Tax Credit 6 11-21-2017 12:27 PM
What Are Some Of Highlights of the 2009 Tax Law Changes? TaxGuru For 2009 2 11-25-2011 07:00 AM
IRS Marks EITC Awareness Day; Highlights Expanded Tax Credit Samatg For 2009 0 01-29-2010 11:53 PM
What are the most important tax credits that are going to expire in 2010? TaxGuru Miscellaneous 0 01-10-2010 10:51 PM
Highlights of 2008 Tax Law Changes: Tax Breaks Renewed, Homeowner Relief.. Samatg Tax News 0 01-21-2009 12:43 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning