Planning After ATRA and the Net Investment Income Tax Toolkit
|Planning After ATRA and the Net Investment Income Tax
Congress and the President reached a deal that became law Jan. 2 that preserves most of the income tax rates enacted in 2001, as well as other tax benefits, but imposes a higher tax rate and limits on deductions for upper income taxpayers (see PFP leg/reg update "American Taxpayer Relief Act Signed by President Obama
"). Given the current environment of tax law complexity and changed estate planning dynamics, CPAs must leverage this opportunity to be the go-to adviser for individuals. This toolkit includes education and resources to plan post-ATRA and for the new Net Investment Income Tax.