The Tax & Accounting business of Thomson Reuters has issued an analysis of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.
The complete analysis of every provision of the act is linked to relevant committee reports, amended codes and analytical products, and is available on Checkpoint, an online system that connects research, guidance, news, and customizable search options for accounting and tax professionals, according to the company.
Links also are provided in the Learning tab on Checkpoint to webinars that can be separately purchased, which offer overviews of the new Tax Relief law, as well as CPE credit. These webinars also are available on Checkpoint Learning, a platform for training and certification for tax and accounting practitioners.
The Tax Relief Act of 2010 extends for two years the Bush-era tax cuts, provides significant estate tax relief, and includes a two-year AMT patch. It also contains many other tax breaks for businesses and individuals, including 100 percent first-year write-offs of qualifying property placed in service after September 8, 2010, and before January 1, 2012; a payroll/self-employment tax cut of two percentage points for 2011 for employees and self-employed individuals, and a host of extenders for businesses and individuals.
Also available now on the Checkpoint platform are RIA Special Studies, providing deeper dives into the new Tax Relief Act, and offering additional insight with the following titles:
- 2010 Tax Relief Act's two-year sunset relief protects key individual tax breaks
- Economic stimulus incentives in the 2010 Tax Relief Act
- Estate and gift tax relief in the 2010 Tax Relief Act
- Business tax breaks retroactively reinstated and extended by the 2010 Tax Relief Act
- Tax breaks for individuals retroactively reinstated and extended by the 2010 Tax Relief Act
- Energy-related tax breaks and disaster relief provisions extended by the 2010 Tax Relief Act
Thomson Reuters complete analysis of this new act also covers tax provisions from:
- The 2010 RIC Modernization Act
- The 2010 Claims Act
- The 2010 Medicare and Medicaid Extenders Act
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The Tax & Accounting business of Thomson Reuters is a leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Ann Arbor, Dallas, Hyderabad, London, Sydney, and Toronto.