Preparation Through Disaster

  • February 1, 2011

written by Chris Griesemer I am looking out the window at the enormous amounts of snow falling. Am I thinking how...

National Taxpayer Advocate Says Tax Reform Cannot be Delayed

  • February 1, 2011

National Taxpayer Advocate Nina Olson has told Congress that the time for comprehensive tax reform is now. Olson delivered her annual report to Congress and also testified before the House Ways and Means Committee in January. Olson used both occasions to urge Congress to simplify the Tax Code.

FAQ: Who is Eligible for the Small Business Stock Exclusion?

  • February 1, 2011

Included among the many important individual and business incentives extended and enhanced by the massive tax bill passed in late December is a 100-percent exclusion of gain from the sale of qualified small business stock. Under the Tax Relief, Unemployment Reauthorization and Job Creation Act of 2010 (2010 Tax Relief Act) individuals and other noncorporate taxpayers should not overlook the benefit of investing in qualified small business stock considering the ability for qualifying taxpayers to exclude 100-percent of gain from the sale or exchange of the stock.

Tax Law Changes for 2011 Impact Individuals and Businesses

  • February 1, 2011

Legislation enacted during the past few years, including the Small Business Jobs Act of 2010 and the more recently enacted Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, contains a number of important tax law changes that affect 2011. Key changes for 2011 affect both individuals and businesses. Certain tax breaks you benefited from in 2010, or before, may have changed in amount, timing, or may no longer be available in 2011. However, new tax incentives may be valuable. This article highlights some of the significant tax changes for 2011.