Saturday, January 4, 2014

CCH's Tax Briefing: 2013 Tax Year-In-Review

2013 began with a highly significant tax development with the passage of the American Taxpayer Relief Act of 2012 late in the day on January 1.  While New Year’s Day proved to be the end of significant tax legislation for the year, 2013 nonetheless had no shortage of federal tax developments. The IRS released important guidance relating to the Affordable Care Act, the Net Investment Income tax and Additional Medicare Tax, capitalization and repairs, the tax treatment of married same-sex couples and much more.  The year also saw developments in the area of international taxation.

2013 saw no shortage of tax-related information, and CCH had it covered throughout the year, starting early on New Year’s Day and all year long.

CCH's Tax Briefing: 2013 Tax Year-In-Review provides you with a summary of all of the essential events from 2013. The Tax Briefing is located at

What top events, stats or news do you recall the past year?
Top 10 Numbers By Alexander Aciman @acimania via
See the rest of TIME’s Top 10 of Everything 2013 lists here
  • $28,400 Cost of the average American wedding in 2012, according to a survey of 17,500 couples by the Knot
  • 507 Age, in years, of the world’s oldest animal, a mollusk, which was killed when researchers attempted to learn its age
  • 18 Percentage of flights that left Beijing’s Capital International on time in June, worse than at any other airport
  • 5,800% Jump in Amazon sales of the Centennial Edition of George Orwell’s 1984 in the wake of revelations that the NSA collects data on millions of Americans
  • 34,008 New daily high-temperature records set at weather stations in the U.S. in 2012, compared with 6,664 new record lows; it was the country’s hottest year ever
  • 30 million Number of rubella and measles vaccines that Brazil’s top biomedical center will produce for countries in Africa, Asia and Latin America
  • 29.4 in 1,000 Record-low birthrate among U.S. teens, down from 31.3 in 1,000 two years ago
  • $250,000 Cost of a 30-second ad during the Breaking Bad finale, up from about $75,000 for the rest of this season
  • 12% Unemployment rate in the euro zone–it reached that level for the first time since the 1999 launch of the euro
  • $1 trillion Total federal student debt in the U.S. as of July 17

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