Working Families Tax Relief Act of 2004 extends many expiring individual, business-related provisions.Several expiring ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. tax provisions affecting individuals and businesses were extended when the Working Families Tax Relief Act of 2004 was signed into law by President Bush in Oct. In addition, the legislation includes a "uniform definition of child" provision that the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). and others had long sought in an effort to simplify the tax code. It also makes "technical" corrections to tax legislation as far back as the Small Business Jobs Protection Act of 1996. One important business-related provision is the retroactive Having reference to things that happened in the past, prior to the occurrence of the act in question. A retroactive or retrospective law is one that takes away or impairs vested rights acquired under existing laws, creates new obligations, imposes new duties, or attaches a (and reportedly "seamless") extension of the research and development credit that expired June 30. Others include enhanced deductions for computer donations, mental health parity parity or space parity, in physics, quantity that refers to the relationship between an object or process and the image that it can produce in a mirror. , and work opportunity and welfare-to-work tax credits. The Act also extends marriage penalty relief and child tax credits through 2010, increases assistance to military families, extends alternative minimum tax relief through 2005, and broadens and extends the disclosure authority relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc terrorist activities as well as provisions allowing the disclosure of tax return information for student loan repayment administration. |
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