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New "Fiscal Cliff" Law Enacts Estate, Gift and Generation-Skipping Transfer Tax Provisions |
January 28, 2013
Previously published on January 2013
On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (the “Act”) into law. In addition to permanently extending certain of the Bush-era income tax cuts that were scheduled to expire at the end of 2012, the Act makes significant “permanent” changes to the federal estate, gift and generation-skipping transfer (“GST”) tax laws.
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