Year-End
Tax Guide 2013
UNCERTAIN TIMES CALL
FOR EXCEPTIONAL PLANNING

With the passing of the American Taxpayer Relief Act of 2012 and the Affordable Care Act in 2010, there is now a little more certainty regarding several tax provisions. As of this writing, many favorable provisions are set to expire unless they are extended or modified by Congress. Due to the ongoing turmoil in Washington, uncertainty remains. In this environment, it is clear that planning is important. We continue to urge our clients to plan year-round. As part of this ongoing effort, Marcum is pleased to provide this 2013 Marcum Tax Guide to assist you in further understanding your tax options during these turbulent times.

As year-end tax planning gets underway for businesses, consideration needs to be given to not only the changes made by these new laws, but to certain tax incentives that are set to expire on December 31, including:

  • The Work Opportunity Tax Credit
  • Bonus depreciation
  • Enhanced IRC Section 179 expensing
  • The Research & Development Tax Credit
  • The 15-year recovery period for qualified leasehold improvements

Business owners should consider the expiring provisions and plan for increased tax rates, the additional 3.8% tax on net investment income, and consider all appropriate tax planning strategies.

TABLE OF CONTENTS

  • Introduction to the 2013 Year End Tax Guide
  • 2013 Year-End Tax Planning Strategies for Individuals
  • The Impact of the Affordable Care Act
  • Tuition Planning
  • Energy Efficient Provisions
  • Simplified Option for Claiming Home Office Deduction
  • ATRA Provides Some Stability to the Estate Gift and Generation - Skipping Transfer Tax Regimes
  • Additional Medicare Tax
  • 2013 Year End for Lesbian, Gay, Bisexual and Transgender (LGBT) Taxpayers
  • Rates
  • Planning Ideas for Businesses
  • The Federal Research and Development Tax Credit - More Than Meets The Eye
  • IRC § 179 Depreciation Planning
  • Supreme Court to Consider Whether Severance Payments are Subject to FICA Taxes
  • State and Local Tax Overview
  • Marketplace Fairness Act Update
  • Ready or Not, Here We Come!
  • Foreign Financial Assets Disclosure and Reporting Update
  • The Facts on FATCA - The Evolving World of Reporting for Foreign Assets
  • The New Transfer Pricing Landscape
  • Financial Planning Opportunities and Year-End Strategies
DOWNLOAD TODAY

NAME

TITLE

COMPANY

EMAIL ADDRESS

PHONE

New York | New Jersey | Massachusetts | Connecticut | Rhode Island | Pennsylvania | California | Florida | Grand Cayman | China
© 2014 Marcum LLP. All Rights Reserved.

FOLLOW MARCUM
Facebook LinkedIn Twitter YouTube Blog