SOURCE: Thomson Reuters Corporation

December 21, 2010 15:02 ET

Thomson Reuters Offers Complete Analysis of Tax Relief Act of 2010 on Checkpoint

NEW YORK, NY--(Marketwire - December 21, 2010) -

Thoroughly linked to committee reports, amended codes and analytical products

New York, December 21, 2010 - The Tax & Accounting business of Thomson Reuters has issued the most comprehensive analysis of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

The complete analysis of every provision of the act is linked to relevant committee reports, amended codes and analytical products, and is available on Checkpoint®, the easily-searchable online system that connects research, guidance, news and customizable search options for accounting and tax professionals. Links are also provided in the Learning tab on Checkpoint to Webinars that can be separately purchased, which offer overviews of the new Tax Relief law, as well as CPE credit. These webinars are also available on Checkpoint Learning, the comprehensive platform for training and certification for tax and accounting practitioners.

The Tax Relief Act of 2010 extends for two years the Bush-era tax cuts, provides significant estate tax relief, and includes a two-year AMT "patch." It also contains many other tax breaks for businesses and individuals, including 100% first-year write-offs of qualifying property placed in service after Sept. 8, 2010 and before Jan. 1, 2012; a payroll/self-employment tax cut of two percentage points for 2011 for employees and self-employed individuals, and a host of extenders for businesses and individuals.

Also available now on the award-winning Checkpoint Platform are RIA Special Studies, providing deeper dives into the new Tax Relief Act, and offering additional insight with the following titles:

  * 2010 Tax Relief Act's Two-Year "Sunset Relief" Protects Key Individual
    Tax Breaks
  * Economic Stimulus Incentives in the 2010 Tax Relief  Act
  * Estate and Gift Tax Relief in the 2010 Tax Relief Act
  * Business Tax Breaks Retroactively Reinstated and Extended by the 2010
    Tax Relief Act
  * Tax Breaks for Individuals Retroactively Reinstated and Extended by the
    2010 Tax Relief Act
  * Energy Related Tax Breaks and Disaster Relief Provisions Extended by
    The 2010 Tax Relief Act

Thomson Reuters complete analysis of this new Act also covers tax
Provisions from:

  * The 2010 RIC Modernization Act
  * The 2010 Claims Act
  * The 2010 Medicare and Medicaid Extenders Act

Checkpoint is relied upon by 100 of the top 100 U.S. CPA firms, 95 of the top 100 U.S. law firms, and 93 of the Fortune 100 Corporations with more than 450,000 users.

In 2010 Accounting Today named Checkpoint Learning its "Top New Product" in the Learning category. Click the hyperlinks for more information on Checkpoint Learning's available courses and webinars.


About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to

The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Ann Arbor, Dallas, Hyderabad, London, Sydney, and Toronto. For more information, go to

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(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Thomson Reuters Corporation via Thomson Reuters ONE


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