Description: Now that the Fiscal Cliff has been averted, join John Burns and Ralph Levy as they discuss how the recently enacted American Tax Relief Act of 2012 will affect you and your clients. This comprehensive legislation raises most ordinary income tax rates, raises top capital gains and dividend rates to 20%, sets the top estate and gift tax rate at 40% and provides for a $5 million lifetime exemption, as adjusted for inflation, and provides for permanent AMT relief. In addition, the Act extended a number of tax breaks that were set to expire such as IRC Sec. 179 deductions and bonus depreciation, and provided for a retroactive reduction of the built-in-gain tax waiting period for S Corps.

Join John and Ralph on February 11 as they discuss the foregoing topics and more, including the 3.8% Medicare Tax on net investment income and 0.9% tax on wages and self-employment income.

SAVE MONEY: Use the prepaid CLE credits that come with your TBA Complete Membership and take this course for free! Not a TBA member, join now to start saving.”