As the year came to a close, talking heads in America were focused on the Fiscal Cliff and how it would affect individual taxpayers. Many provisions were set to expire. Others had expired and were possibly in play for reinstatement. New taxes were set to be enacted and other tax provisions were expiring in the future. Below is a summary of those provisions and how they were changed by the American Tax Relief Act of 2012 legislation passed on New Year's Day. 1.   [...]
