Tax Management"s guide to the Taxpayer Relief Act of 1997
Read Online

Tax Management"s guide to the Taxpayer Relief Act of 1997

  • 518 Want to read
  • ·
  • 15 Currently reading

Published by Tax Management, Inc. in Washington, D.C. (1231 25th St., N.W., Washington 20037-1197) .
Written in English



  • United States.


  • United States.,
  • Income tax -- Law and legislation -- United States.,
  • Taxation -- Law and legislation -- United States.

Book details:

Edition Notes

Includes index.

Other titlesGuide to the Taxpayer Relief Act of 1997
StatementTax Management board of editors, Sandra C. Degler ... [et al.]
ContributionsDegler, Sandra C., Tax Management Inc.
LC ClassificationsKF6356.555 .D44 1997
The Physical Object
Pagination1 v. (various pagings) ;
ID Numbers
Open LibraryOL426161M
LC Control Number98132115

Download Tax Management"s guide to the Taxpayer Relief Act of 1997


(a) SHORTTITLE.—This Act may be cited as the ‘‘Taxpayer Relief Act of ’’. (b) AMENDMENT OF CODE.—Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section. President Clinton signed the Taxpayer Relief Act of on August 5, In addition to the aforementioned tax breaks, this act also created a $ million exclusion for farms and small businesses. Oct 04,  · One of the largest changes made by the Taxpayer Relief Act of was a major reduction in capital gains taxes. Capital gains are the profit made by selling real estate, bonds or stocks. Under the new policy, sellers in the highest tax bracket would be taxed 20%, down from 28%, while people in the 15% tax bracket would now be charged only a Want to Learn More About the Taxpayer Relief Act of ? Talk to an Attorney. Tax law can be very confusing and mistakes can cost an enormous amount of money or put you on the wrong side of a regulation. Contact a local tax attorney to discuss your concerns and learn how an attorney can help you protect yourself and your earnings.

Information on Education Tax Credits. In an effort to make college more affordable, Congress passed the Taxpayer Relief Act of (TRA97) and the American Recovery and Reinvestment Act of (ARRA) establishing the Lifetime Learning Tax Credit and the American Opportunity Credit. Feb 01,  · The Taxpayer Relief Act of (TRA97) significantly changed the tax treatment of housing capital gains in the United States. Before , homeowners were subject to capital gains taxation when they sold their houses unless they purchased replacement homes of equal or Cited by: 9 Taxpayer Relief Act Introduction The Taxpayer Relief Act of is the most complex tax act this author has analyzed in 28 years. There are drafting errors and drafting weaknesses in several important areas. Sometimes congressional intent and the drafted Code section differ. A Corrections Bill is expected later this year that may clear. The Taxpayer Relief Act of An Overview Summary On July 31, the House and Senate both passed the Taxpayer Relief Act of (H.R. ). The President signed the measure on August 5; it became P.L. The bill provides a tax cut of modest size in the aggregate that consists of a variety of measures applying to particular types of taxpayers, income, and activities.

Executive Report Congress passed and President Clinton has signed the Taxpayer Relief Act of This is the first piece of legislation in 16 years to affect Americans’ tax bills noticeably. Over the next five years Americans can expect taxes to be $ billion lower than they otherwise would have been as a result of this legislation. The "Taxpayer Relief Act of " Brings More Changes to Qualified Plans and IRAs WHO'S AFFECTED The new law affects sponsors of qualified defined benefit and defined contribution plans, including governmental plans and church plans, as well as sponsors of tax-sheltered annuity plans and holders of individual retirement accounts and annuities. Estate Planning after the Tax Act [Martin M. Shenkman] on *FREE* shipping on qualifying offers. A comprehensive first look at the new Tax Act changes in estate planning. Among the myriad changes in the Tax Relief Act—the most sweeping tax reform agenda in years—are a significant number that affect estate planning. This conciseAuthor: Martin M. Shenkman. House report on TAXPAYER RELIEF ACT OF H. Rept. - TAXPAYER RELIEF ACT OF th Congress ().