The news services have been reporting that the 2010 tax stalemate over the “Bush-era” tax cuts has ended in December 2010.
Are we counting our proverbial chickens before they hatch?
On December 6, 2010, President Obama and the GOP came to a handshake agreement to extend the Bush-era tax cuts for an additional two years for all taxpayers. I caution taxpayers that this is just a handshake agreement to extend tax cuts and not officially tax law.
We have not yet seen a bill presented and voted on by the House of Representatives or the Senate and definitely not signed by President Obama. …