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Taxes: The Old is Forever New

When was the last time you heard someone use this old time proverb? Well, get ready because you will probably use it as you review the new tax legislation our Congress recently enacted.

As usual, after many attempts, Congress did extend the tax law named “The American Taxpayer Relief Act of 2012,” now known as ATRA. The new law was announced at the end of October and effects both 2013

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