In this February 25, 2013 125-minute presentation, Steven G. Siegel provides a practical explanation of the American Taxpayer Relief Act of 2012 relating to the income taxation of individuals, estates and trusts, estate, gift and generation-skipping taxes, retirement savings, individual tax extenders, business tax provisions, business tax extenders and energy incentives. Mr. Siegel, a nationally-recognized tax and estate planning adviser and also author of The Siegel Post, which is located at www.NLFforms.com, provides many useful planning and drafting suggestions you might want to consider for your clients.
 

ü Introduction to the Act

ü Social Security And Medicare Taxes

ü Multiple Thresholds For Individual Taxes

• Medicare tax, personal exemptions and Itemized deductions, 39.6% rate, long-term capital gains and qualified dividends 

ü Individual, Trusts And Estates Income Tax Rates; Marriage Penalty Relief

ü Capital Gains/Qualified Dividends Rules

ü Permanent AMT Relief

ü PEASE Limitation On Itemized Deductions; Personal Exemption Phase-out

ü Federal Estate, Gift And Generation-Skipping Taxes

• the changes
• portability made permanent: a big game changer!
• state death tax credit/deduction
• more

ü Retirement Savings

ü Individual Tax Extenders

ü Business Tax Provisions And Extenders; Energy Incentives

ü Possible New Tax Legislation In 2013

SUGGESTED FORMS: Fully-editable forms prepared by Mr. Siegel for your immediate and unlimited use relating to this topic are available at www.NLFforms.com. Under the "TRUSTS" category, they are:
• 2012, 2013 And Beyond Drafting Issues: 16 Will And Trust Clauses To Address 4 Important Issues
• Portability Election for Estates and Trusts - 4 Alternative Clauses
• Qualified Subchapter S Trust Form
• Subchapter S Corp Permitted Electing Small Business Trust Form

BOOKS FOR LAWYERS: Over 40 useful books on important legal issues facing attorneys are now available for immediate download at www.NLFforms.com. (Reading books without also listening to or viewing a recorded seminar earns NO CLE credits.)