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