However, upon analysis they realized that ATRA had dribbled in additional taxes through various provisions.
In the alphabet soup of Washington, ATRA fixed the AMT, sort of.
FORBES: How the New Tax Act Affects the Alternative Minimum Tax
American Taxpayer Relief Act of 2012 (ATRA) as Passed by the Senate, Tax Policy Center.
FORBES: More Estate Tax Changes Could Follow Fiscal Cliff Deal
The 2013 American Tax Relief Act (aka ATRA or the fiscal cliff deal) is a big complicated law.
Mach3 will sell for around 35% more than SensorExcel, which itself was 60% more expensive than Atra, its predecessor.
Gift it : ATRA made reunification of gift and estate taxes permanent.
FORBES: Want to Avoid the Estate Tax Cliff? Five Ways to Help
And journalists hoping to avoid libel suits may wish to avoid courts in Philadelphia, according to ATRA's report for Forbes.
With the passage of the American Tax Relief Act of 2012 (ATRA), Congress finally made the estate tax rules permanent.
FORBES: Want to Avoid the Estate Tax Cliff? Five Ways to Help
By most accounts, ATRA is welcome good news when measured against our worst fears over the fate of the estate tax.
Some of my partners are active in the American Tort Reform Association (ATRA), which created one of these two reports.
With ATRA, Congress would have to act affirmatively to alter these laws.
FORBES: Want to Avoid the Estate Tax Cliff? Five Ways to Help
Without ATRA, nearly 27 million more people would owe AMT this year.
FORBES: How the New Tax Act Affects the Alternative Minimum Tax
The only estates and trusts negative of ATRA is the increase of the top gift, estate and GST tax rate from 35% to 40%.
The main reason ATRA gave, and this one I wholeheartedly agree with, is that California remains the land of the ridiculous consumer class action.
The delays can be traced to the last minute tax deal, the American Taxpayer Relief Act (ATRA), passed by Congress on January 2.
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Putting it all together, I concluded that Section 326 of the ATRA provided a different type of relief from previous amendments to Section 1374.
So the big question is: What actually happened to the estate and gifting tax rules as a result of the American Taxpayer Relief Act (ATRA) of 2012?
If you use 2011 taxes as a baseline (since some tax increases were already slated for 2012), the ATRA provides tax relief for many, even most individuals.
FORBES: What the New Tax Law Really Means and New 'Tax Price Points'
The slower growth that scared Wall Street last year was caused partly by Gillette's decision to run down stocks of its Sensor and Atra shavers ahead of this week's launch.
With ATRA, it all comes down to strategy.
FORBES: Want to Avoid the Estate Tax Cliff? Five Ways to Help
Despite what I find to be unnecessarily misleading language in the ATRA, it certainly appears that the new law will NOT shorten the 10-year recognition period for corporations electing S status in 2012 or 2013.
Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30.
FORBES: Ask the taxgirl: IRS Delayed Tax Filing Season Applies To Everybody
So Forbes.com asked the American Tort Reform Association (ATRA), which surveys hundreds of defense attorneys and corporate executives every year for its report on litigation abuse on "Judicial Hellholes, " to list the places identified by the largest number of survey respondents as the worst possible places to be a defendant in particular types of lawsuits.
In states like Mississippi, which respondents to ATRA's survey described as particularly hostile to class-action defendants, local business defendants often have a home-field advantage, whereas other states like New Jersey--home to many of the world's largest pharmaceutical companies, and highlighted as a bad place for them to get sued--treat in-state defendants as roughly as out-of-state defendants.
Looking at it logically, I assumed that if Congress intended Section 326 of the ATRA to simply exclude from built-in-gains any gain recognized in 2012 or 2013 by an S corporation that had reached the five-year point in its recognition period, it would have written the proposed Section 1374(d)(7)(C) in the same manner as Section 1374(d)(7)(B).
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