The Tax Relief and Health Care Act of 2006 passed Congress on Dec. 9, 2006, and was signed by President Bush on December 20. Most of the provisions are good news for taxpayers - extending popular tax breaks, many of which had expired at the end of 2005.Still, the timing could have been better.
The Internal Revenue Service was forced to go to print with many of its major 2006 tax forms and instructions before the legislation passed. The IRS does not intend to revise those forms. This means that supplemental instructions will be used to explain how to insert these last-minutes changes on existing lines of the form, with explanatory coding.
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