TAX NEWS UPDATE

TAX BREAKS For New Brownsville Corporations formed in 2011

Tax Notes from the Reid Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. New provisions in this act allow for great savings on the future sale of small business stock purchased or acquired in 2011. This is great news for Harlingen Businesses and allows great structuring opportunities. Generally, non-corporate taxpayers may exclude 50