The much-anticipated economic stimulus package, the American Recovery and Reinvestment Act of 2009 (the “Act”), became law on February 17th. The $787 billion new law, which contains nearly $300 billion in tax relief, sets in motion a wave of direct spending and tax incentives. Although a significant part of the Act is aimed at low and middle income taxpayers, the bill contains several provisions that may be applicable to high-net-worth taxpayers and their families.
Click here for a Special Report on the Act’s tax provisions and its implications, provided by CCH.
For more information about any of the information discussed in this Client Alert, or any other income or estate tax planning or asset protection planning assistance, please contact Jeffrey M. Verdon Law Group,LLP at jeff@jmvlaw.com or (949) 263-1133.