CCH has published a new tax briefing outlining some of the significant tax changes of the past year.
Tax Briefing: 2013 Tax Year-in-Review provides an overview of the main tax law developments of 2013 and their impact on taxpayers and practitioners. The year 2013 included a number of major federal tax developments, starting with the passage of the American Taxpayer Relief Act, or ATRA, the fiscal cliff deal that permanently extended the Bush-era tax cuts for all but higher-income taxpayers.
Important regulations and guidance were also released in 2013 relating to the Affordable Care Act, including the new 3.8-percent Net Investment Income Tax and 0.9-percent Additional Medicare Tax.
Other important tax developments related to the IRS regulations for capitalization and repairs, the tax treatment of married same-sex couples stemming from the Supreme Court decision striking down the key provisions of the Defense of Marriage Act, and much more.