Confused about the details of the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010?” Not sure how it might apply to your situation? We are happy to share with you this excellent summary from our friends at law firm Venable LLP. As noted, some of the provisions and their implications are complex and may require a discussion with your tax advisor, but this article should help shed a bit of light on the topic.
Happy holidays!