Bush-era Tax Cuts Extended Delaying Filing Process

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There have been a huge number of new laws passed by the Obama administration last year and one of the latest to be passed by congress was the Tax Relief, Unemployment Insurance Authorization and Job Creation Act 2010 which came into effect December 17. This is actually an extension of the law during the Bush presidency. The good thing about the law is that it offers benefts to taxpayers but the bad thing is the timing of its passing. Had it been passed earlier, the whole process of fling your tax would not be affected.

As it turned out, with the passing of this law the tax forms used for fling your tax returns had to be changed to refect the law. Designing tax forms is no easy task for it needs to do two things – its provisions must refect the laws that are in effect and its instructions must be user-friendly enough for people to understand and use.

Please see full article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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