ILN Today Post
January 14, 2013
On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012 (the Act), which prevented income tax increases that would otherwise have come into effect on January 1, 2013 as part of the fiscal cliff.
The Act does increase income tax rates for certain high income individuals as well as extend various tax provisions applicable to individuals and businesses that were otherwise
set to expire at the end of 2012. Below is a summary of certain income tax provisions of the Act as well as other provisions taking effect in 2013. More…
January 8, 2013
Former Congressman Steve LaTourette of McDonald Hopkins Government Strategies was interviewed by NPR on the Political Junkie program “After ‘Fiscal Cliff’ Debate, the State of the GOP.”
Click here to listen to the program.
January 4, 2013
On January 2, 2013, President Obama signed into law the American Taxpayer Relief Act of 2012. The new law is a partial resolution to avert the looming fiscal cliff, and it addresses many tax provisions that were set to expire at the end of 2012. The following is a summary of some of the major provisions included in the Act as they pertain to:
ILN Today Post
December 6, 2012
From Lommen Abdo’s Corporate Practice
TRANSFERRING ASSETS ON A TAX-EFFICIENT BASIS COULD BE IMPACTED BY FISCAL CLIFF
Several pending changes make year-end planning important, especially if your goal is to transfer assets to future generations or non-spouses on a tax-efficient basis. Read the article by Karen Schlotthauer on estate, gift and GST tax opportunities and what planning opportunities you can take advantage of. More…