The Forbes Guide To The Fiscal Cliff Tax Deal   

On January 2, President Obama signed the American Taxpayer Relief Act of 2012, the so-called "Fiscal Cliff" legislation to prevent tax hikes from affecting over 98% of American taxpayers. The Act, in essence, is a permanent extension of the 2001/2003 Bush-era tax cuts (EGTRRA).  

Also, the legislation permanently fixes the AMT and estate tax, but increases income tax rates and long-term capital gains rates on higher earning taxpayers. The Act incorporates many business and individual extensions of the so-called "annual extenders."   

As your  accounting firm, all eleven of our Certified Public Accountants are busy studying this massive tax legislation.   

In an effort to keep you informed in a timely manner,  we have identified a great summary of the law which has been published by Forbes.   

Click here to go the Guide  

Or click on any of the individual subcategories presented in the guide, as follows;  

1. New: Updated Tax Brackets For 2013! 
2. After The Fiscal Cliff Deal, The Estate And Gift Tax Explained 
3. Capital Gains And The New Higher Rates: How They Really Work 
4. Roth  401(k) Conversions Can Now Spread, Thanks To Fiscal Cliff Budget Gimmick Deal 
5. What The Tax Deal Means For Small Business 
6. Eight Ways To Protect Your Finances From Washington's Craziness 
7. You Can Give IRA Assets To Charity Again; Act Fast For A Special January 2013 Break 
8. Planning To Some Green Home Remodeling? Uncle Sam Might Kick In A $500 Tax Credit 
9. Planning To Some Green Home Remodeling? Uncle Sam Might Kick In A $500 Tax Credit 
10. Good News For Transit Commuters: Bigger Tax Break For 2012 And 2013 
11. Fiscal Cliff, Dairy Cliff, But What About The Payroll Tax Cliff? 
12. Ten Things You Should Know About The Fiscal Cliff Deal 
13. Five Post Fiscal Cliff Facts To Consider 
14. Secrets Of The Fiscal Cliff Deal: Section 179 Expensing And Mortgage Debt Forgiveness Are Back 
15. Four Important Payroll Updates And Tax Changes For Small Business 
16. Wind Power Tax Credit Survives Fiscal Cliff Deal 
17. What The Deal Means For Long Term Care