Breaking legal news or news items of importance to lawyers and the rest of the legal community have gained great importance since last few years. Why not? The number of channels for communications has increased like never before, also the legal community has been continuously expanding. Attorneys and other legal practitioners are available to work on very specific practice areas and very specific cases. With technological advancements and globalization, the world has become so small that professionals want to keep an eye on news relating to not only the neighboring countries but also developing countries in other continents. The violation of human rights, child abuse, terror outfits, corporate governance, mergers, international crime, international finance, globalization and several other topics have become the heart of the legal news industry. There are various news websites that let out breaking legal news for attorneys and other legal professions. The various media which professionals have access to, can be named as news websites, legal job sites, legal journals, periodicals, television and community magazines for the purpose of getting breaking legal news.
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The news has recently been abuzz with the new tax legislation passed by Congress and approved by the President. This newsletter will explain in more detail a substantial portion of the content of the recently passed tax legislation and how the new relief provisions may affect you.