Source: https://www.cpethink.com/course/fiscal-cliff-legislation-american-taxpayer-relief-act-of-2012-hr-8-mini-course
Timestamp: 2017-08-19 18:38:51
Document Index: 256881786

Matched Legal Cases: ['§151', '§55', '§55', '§55', '§59', '§21', '§164', '§222', '§1', '§108', '§163', '§23', '§530', '§221', '§117', '§170', '§45', '§45', '§25', '§45', '§48', '§30', '§45', '§181', '§42', '§42', '§127', '§132', '§51', '§168', '§168', '§170', '§1374', '§2001', '§2601', '§2501', '§2001', '§2010', '§1014', '§2010', '§1', '§2501', '§2505', '§2503', '§6039']

Fiscal Cliff Legislation (American Taxpayer Relief Act of 2012 - HR 8) - Mini Course : Course Id 528
Fiscal Cliff Legislation (American Taxpayer Relief Act of 2012 - HR 8) - Mini Course (Course Id 528)
Taxes - Taxation for Course Id 528
On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (ATRA) into law. Although ATRA raised income taxes for high-income individuals, it avoided tax rate increases for middle income taxpayers. ATRA also made many extensions of or modifications to existing law. In other instances, it reinstated many provisions for 2012 that were about to expire and extended them through 2013 and, in a few cases beyond.
This course is an overview providing reference to selected individual, energy business, retirement, and estate tax provisions enacted or indexed for inflation by ATRA. The resulting major tax changes carry special meaning to the tax practitioner and return preparer. The course is intended to be a resource for tax professionals and staff alike to gain easy access to the most important major changes enacted by ATRA.
Fiscal Cliff Legislation American Taxpayer Relief Act of 2012 HR 8
Revision Date : 08-Feb-2016
NASBA QAS - NASBA Registry - IRS Enrolled Agents - Registered Tax Return Preparers - 528
Keywords : Taxes, Fiscal, Cliff, Legislation, American, Taxpayer, Relief, Act, 2012, HR, 8, Mini, Course, cpe, cpa, online course
* Tax bracket modifications and changes
* Individual & business tax credits
* Deduction limitations
* Energy credit extensions
* Reinstated business credits
* Estate & gift tax developments
1. Recognize changes imposed by the American Taxpayer Relief Act of 2012 (ATRA) relating to individual income taxes by identifying modified tax rates, specifying AMT phaseout limits, and determining the how tax credits and deductions work, including education, adoption, and energy credits.
2. Cite key ATRA business provisions, including bonus depreciation, expensing, the work opportunity credit, leasehold and restaurant property improvements, FICA and SECA taxes, and S corporation developments.
3. Identify types of retirement plans and how they were affected by ATRA, including contribution limits and phaseout limits, and recognize the implications of changes to estate, generation-skipping transfer, and gift taxes.
Chapter 1 - “Fiscal Cliff” Legislation (American Taxpayer Relief Act of 2012 - HR 8)<?xml:namespace prefix = o />
Personal Exemptions & Phaseout - §151
AMT - §55
Exemption Amount & ARTA Permanent Patch - §55(d)(1)
AMT Exemption Phaseout - §55(d) & §59(j)
AMT & Personal Credits
Dependent Care Tax Credit - §21
State & Local Sales Taxes - §164
Higher Education Tuition Deduction - §222
Tuition Deduction Or Education Credit Allowed
Hope/Lifetime Election If Lower Tax
Capital Gains & Dividends - §1(h)
Residential Mortgage Debt Relief – §108
Deductible Mortgage Insurance - §163
Adoption Credit - §23 & 137
Coverdell Education Savings Accounts – §530
Student Loan Interest Deduction - §221
Scholarships with Service Requirements - §117
Conservation Contributions - §170
Credit for Energy New Efficient Home - §45L
Energy Efficient Appliance Credit - §45M
Existing Homes Energy-Efficient Improvements Credits - §25C
Investment Tax Credit for Production Tax Credit - §45 & §48
Alternative Fuel Refueling Property - §30C
Expenses for Child Care Facilities & Services - §45F
50% Additional First-year Depreciation
100% Additional First-year Depreciation (Reduced to 50%)
Special Film & TV Production Expensing - §181
Low-Income Housing Tax Credit Rate Freeze - §42
Military Allowances & Low-Income Housing - §42
Employer-Provided Educational Assistance - §127
Parity for Parking Exclusion & Transit Passes - §132
Work Opportunity Tax Credit (WOTC) - §51
Heroes & Warriors Work Opportunity Tax Credits Extended
Leasehold Improvement & Restaurant Property - §168
15-Year Restaurant Improvements - §168(e)(7)
Expensing Permitted
Enhanced Charitable Deduction for Food - §170
S Corporation Built-In Gain Period - §1374
Payments To Controlling Exempt Organizations
Dividends Of Regulated Investment Companies (RIC's)
Roth Conversions for Retirement Plans
Estate, GST & Gift Taxes - §2001, §2601 & §2501
Estate Tax - §2001
Repeal & Reinstatement of Estate & GST Taxes
Applicable Exemption Amount - §2010
Basis of Inherited Property - §1014
Portability - §2010(c))
Estate & Trust Income Tax Rates - §1(e)
Gift Tax - §2501
Reunification of Estate & Gift Taxes
Applicable Exemption Amount - §2505
Annual Exclusion for Gifts - §2503
Notice of Large Gifts Received from Foreign Persons - §6039F
Taxes Course 528 Home: https://www.cpethink.com/irs-rp-cpe-courses