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Reply #33: An interesting dynamic I hadn't thought of was brought up in this [View All]

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harun Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 05:02 PM
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33. An interesting dynamic I hadn't thought of was brought up in this
article:

http://money.cnn.com/2010/12/02/news/economy/bush_tax_cuts/index.htm?hpt=T1

Meanwhile, the head of the IRS wrote a polite letter to the top tax writers in the House and Senate this week essentially begging them to avoid a predictable mess and not let key tax decisions on the AMT and the package of tax extenders for businesses and individuals get pushed into 2011.

"I want to stress that it would be extremely detrimental to the entire tax filing season and to tens of millions of taxpayers if tax law changes affecting 2010 are deferred and then retroactively enacted in 2011," IRS Commissioner Douglas Shulman wrote.


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