It doesn't take a psychic to foresee that Jan. 1, 2011, could be a dark day for contractors. That's when the federal estate tax is scheduled to come roaring back in full force. It's also when Section 511 of the Tax Increase Prevention and Reconciliation Act of 2006 is set to take effect. Section 511 would require a 3 percent withholding from any business having a contract with any government agency—federal, state or local—with an annual procurement budget of $100 million or more. It includes contractors and even suppliers.
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