Individual Tax Planning for the Coming Capital Gains Tax Rate Increases

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It appears to be a pretty safe bet that the tax rate on Long Term Capital Gains (LTCG), like the gain from the sale of a typical business, will be higher in 2013 and future years compared to the favorable 15% LTCG rate for individuals that we enjoy now.  The scheduled expiration of the Bush tax cuts, and the budget proposals recently submitted by the President call for an increase in the Federal LTCG to 20%.

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About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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