Biggest Tax Stories of 2011

There was not a ton of tax news this year, due to a welcome lack of legislation. So for one year in a row, the Internal Revenue Code was not a constantly moving target. Thank you Congress. Still, there were two significant developments and one significant non-development. Here, in my opinion, are the three biggest tax stories for 2011.

  1. No Grand Tax Compromise
  2. Temporary Social Security Tax Cut
  3. New Estate and Gift Tax Regime Takes Effect

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