TR 2-10 Dec 2010 Tax Law – Radio Interview

Recorded interview on KKNW 1150 am – Femme Finance with Debbie Whitlock
Broadcast January 2011

Subject: The New Tax Bill passed December 2010
“Tax Relief Unemployment Insurance Re-authorization and Job Creation Act of 2010”
(TR 2-10)

(note: these can take a minute or two for loading depending on your internet speed)

TR 2-10 Part 1 – 11 minutes

• Introduction
• 4 main components
  • 1. Extension of Income Tax Cuts
  • 2. $57 million extension of emergency unemployment benefits
  • 3. 1-year reduction in individual social security payroll tax rate
  • 4. 2-year reduction in estate taxes
• Other Components of TR 2-10
• Social Security Implications
• Political Significance

TR 2-10 Part 2 – 11 minutes

• Estate Taxes and the Deficit
• Changes over the past few years
• 2011 & 2012
  • $5 million per person inheritance exemptions for federal taxes
  • Gift up to $5 million per person
    

TR 2-10 Part 3 – 9 minutes

• Review
• Estate Tax implications and philosophy
• Uncertainty issues going forward