Tax Relief Act

IRS Allows Extension for Small Estates that Want Portability

Every U.S. person has a lifetime exclusion from federal estate and gift taxes.  The 2010 Tax Relief Act created the “deceased spousal unused exclusion amount” (DSUEA). (See separate article describing the DSUEA here.)  For a surviving spouse, the DSUEA is … read more

New Estate Planning Dilemma: Portability or a Credit Shelter Trust

The estate planning landscape radically changed when the Tax Relief Act of 2010 authorized estates of decedents dying after 2010 to elect to transfer any unused exclusion to the surviving spouse and when the act drastically raised the exclusion amount … read more

New Market Credits

With the passage of the American Taxpayer Relief Act of 2012, the government extended the new markets tax credit which is available for investments made in entities involved in development in low- and moderate-income areas throughout the United States, Puerto … read more

IRS Expands Taxpayer Relief

For a number of years the IRS has had programs aimed at helping struggling taxpayers remain in good standing and providing a path back to compliance for those taxpayers that have already fallen behind. In the past few months the … read more

Tax Relief Act Provides Businesses with Enhanced Investment Incentives and More

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, passed by the Senate Dec. 15 and the House Dec. 16, may be best known for extending lower income and capital gains tax rates for individuals. But the … read more

Tax Relief Act Offers Many Income-tax-saving Opportunities for Individuals

The extension of the lower income and capital gains tax rates set to expire Dec. 31, along with significant reductions to the estate tax, has probably received the most media coverage. But the Tax Relief, Unemployment Insurance Reauthorization, and Job … read more


There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.

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