January 19, 2013.

2012 Taxpayer Relief Act – SF Bay Area Tax Perspective

SF Bay Area Tax Perspective: Update on 2012 Taxpayer Relief Act (Businesses and Investments)


After weeks of negotiation, Congress has passed the American Taxpayer Relief Act to avert the tax side of the “Fiscal Cliff” and bring some certainty to the Tax Code. Almost all taxpayers are affected by the numerous extensions and modifications. Many popular but temporary tax extenders relating to businesses are included in the American Taxpayer Relief Act. Among them is Code Sec. 179 small business expensing, bonus depreciation, the research tax credit, and the Work Opportunity Tax Credit. This SF Bay Area Tax Perspective letter provides some highlights of the American Taxpayer Relief Act as it applies to investments and business taxpayers.

We’ve broken up the important aspects of this new tax legislation, to make it easy for San Francisco Bay Area businesses and individuals to understand the major tax provisions. As a Top San Francisco CPA Firm, we keep our clients informed of every possible tax change and tax-savings opportunity.

About the SF Bay Area Tax Perspective Letter

Safe Harbor LLP is a CPA firm that specializes in accounting and tax services for individuals and businesses throughout the San Francisco Bay Area and greater California. Safe Harbor CPAs helps both individuals and businesses with tax preparation, IRS audit defense, and audited financial statements. The firm prides itself on friendly yet professional service and utilizes state-of-the-art Internet technology to provide quality customer service. Our SF Bay Area Tax Perspective Letter updates Bay Area individuals and businesses as to important tax changes at both the California (State) and Federal levels.

  • Have a question? Contact Safe Harbor LLP by email or call 415.742.4249.

IRS Circular 230 Notice

The Internal Revenue Service requires Safe Harbor LLP to inform the reader that any tax advice contained in this correspondence cannot be used for the purpose of avoiding penalties under the Internal Revenue Code or for promoting, marketing or recommending to another party any transaction or matter addressed.