Take Advantage of Unprecedented Gift Tax Planning Opportunities Now

On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“the Act”). The Act provides a temporary two-year extension of many Bush-era tax cuts including significant federal gift tax relief.

The passage of the Act implements dramatic changes to the federal gift tax only during calendar years 2011 and 2012.

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Published In: Tax Updates