December 2013 - The Tax Adviser

ATRA extended the five-year recognition period for the BIG tax to 2012 and 2013 and also changed the BIG tax treatment of installment sales and carryovers of built-in gain not taxed in the year recognized because of the taxable income limitation.

This article discusses the unique tax issues facing creators of intellectual property, particularly federal income tax treatment for individual taxpayers.

While the health care law garnered much of the attention this past year, other developments unrelated to the new law in the employee plans area were just as significant—including the American Taxpayer Relief Act of 2012 and the Supreme Court’s decision in Windsor.