The middle of December, and finally Congress passes a last minute change impacting virtually every taxpayer. Congress and the President agreed on an extension of the Bush Tax law with some additional clauses on December 6. We may not know all of the changes until after the first of the year, but I am going to cover as many as possible in the next few posts.
While most of the changes do not impact the 2010 taxes, some of the changes do impact most of our clients.
