Monthly Archives: December 2010

Happy holidays from our team here at Clifton Douglas! We’re taking a little holiday break, and will be back online with new tax developments beginning Monday, January 3rd. Here’s to a great 2011!

Public Law number assigned to 2010 Tax Relief Act. A Public Law number has been assigned to the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Relief Act), which was signed into law by … Continue reading →

Congress Passes 2010 Tax Relief Act. Late in the evening of December 16, the House of Representatives by a vote of 277-148 approved the Senate-passed Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Relief … Continue reading →

Senate passes 2010 Tax Relief Act; swift action expected in House. On December 15, the Senate by a vote of 81-19 approved the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Relief Act). The … Continue reading →

2010 Tax Relief Package sails through the Senate on a 81-19 vote Wednesday and now awaits action by the House as early as Thursday. http://link.email.washingtonpost.com/r/7CWL7Z/A74M3X/RH6BNR/TM8I8O/JGYTY/OS/h For more information, visit washingtonpost.com

Momentum picks up for passage of 2010 Tax Relief Act. On December 13, the Senate, by a vote of 83-15, invoked cloture (i.e., voted to cut off debate) on the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of … Continue reading →

IRS issues final reg on reporting of uncertain tax positions for returns filed in 2009 (T.D. 9510, 12/13/2010 ; Reg. § 1.6012-2 ). IRS has issued a final reg giving it the regulatory underpinning to require certain corporations to attach … Continue reading →

California SBE Rules EZ Hiring Credits and Manufacturer’s Investment Credit (MIC) Can Reduce AMT. by Fidel Mendoza, Esq. (RIA) The State Board of Equalization (SBE) has adopted November 17 a formal opinion allowing a corporation to apply its enterprise zone … Continue reading →

Cloture vote on 2010 Tax Relief Act advances measure in Senate but prospects for swift action fade. Monday afternoon, December 13, the Senate began voting on cloture (i.e., to cut off debate) on the Tax Relief, Unemployment Insurance Reauthorization, and … Continue reading →