Although the new law’s primary purpose is to solve the credit crunch in the financial markets, it is also one of the largest tax bills in recent years with almost 300 changes to the tax code, more than $150 billion in tax breaks for individuals and businesses and $42 billion in tax increases for certain targeted groups. The new law includes an AMT patch, an extensive tax extenders package, energy-related tax incentives, disaster relief and more.

CCH covers the full spectrum of the issues, providing expert analysis, examples and planning strategies for professionals with the following resources:

• Law, Explanation and Analysis of the Emergency Economic Stabilization Act of 2008 – A must-have resource for tax professionals who need to make sense of and apply the changes enacted. This resource provides clear and concise guidance on the many tax provisions, offering full coverage to help professionals quickly understand, comply with and plan under the new tax law. (Approximately 600 pages; $65.)
• Highlights of the Emergency Economic Stabilization Act of 2008 – This booklet provides clear and practical explanation of the tax changes affecting individuals and businesses in the Emergency Economic Stabilization Act of 2008. Highlights is a practical tool for tax practitioners, tax preparers and financial planners to inform their clients about important tax changes. (Approximately 400 pages; $9.)
• Emergency Economic Stabilization Act of 2008, Text of H.R. 1424 and JCT Explanation – Reproduces the full text of the Act and relevant Joint Committee on Taxation reports explaining the current law, the changes made and when each of these changes will go into effect. (Approximately 168 pages; $39.)

Subscribers to CCH’s Tax Research NetWork (TRN) have full access to the Law, Explanation and Analysis of the Emergency Economic Stabilization Act of 2008 with explanations and analysis; full text of the Internal Revenue Code as added, amended and repealed; Committee Reports; client letters; effective dates; and special tables. In addition, CCH’s Tax Briefing highlighting the changes made by this legislation can be found on TRN or by visiting CCHGroup.com/Legislation.

Visit onlinestore.cch.com for more information.