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Watkins Meegan Lunch & Learn: The 2012 Election is Over, 2013 Tax Updates

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Watkins Meegan Lunch & Learn: The 2012 Election is Over, 2013 Tax Updates

  1. 1. The Election is Over – Now What? Presented by Dawn Levy & Dean Zerbe, alliantgroup Thomas T. Firth III, US Trust, Bank of America Private Wealth Management Kirk Cranford, Watkins Meegan LLC Thursday, November 8, 2012
  2. 2. The Election is Over – Now What?• Dawn Levy – Alliantgroup Strategic Advisory Board Member. Former Tax Counsel to US Senate Finance Committee• Dean Zerbe – Alliantgroup National Managing Director. Former Senior Tax Counsel to US Senate Finance Committee• Thomas T. Firth III – Managing Director & Senior Private Client Advisor for US Trust, Bank of America Private Wealth Management• Kirk Cranford – Member of Watkins Meegan Private Company Services Proprietary and Confidential 2
  3. 3. Income Tax Changes Set To Take Place December 31, 2012• Income Tax Rates – Regular – Surtax – Capital Gains – Dividends – Investment Income Surtax Proprietary and Confidential 3
  4. 4. Current Outlook• Income Tax Rates – Regular – Surtax – Capital Gains – Dividends – Investment Income Surtax Proprietary and Confidential 4
  5. 5. Wealth Protection & Transfer• Estate/Gift Taxes – Tax Rates – Exemption Amount Proprietary and Confidential 5
  6. 6. Investments & Economic Outlook• Current 15% Tax Rate vs. 2013?• Tax Surcharge on Investment Income• Wash Sale Rule• Wealth Transfer• Next Year is the Year of Charitable Giving Proprietary and Confidential 6
  7. 7. Planning Opportunities/Action Items• Capture Gains at Lower 15% Tax Rate – be cautious of wash sales• Wealth Transfer Using Higher Exemption• Tax Surcharge on Investment Income – Mitigate/Plan For• Roth Conversion to Mitigate Surtax?• R&D Credit• 179D/Other Incentives Proprietary and Confidential 7
  8. 8. Q&A Proprietary and Confidential 8

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