In This Issue:

- Investment Income Surtax ...2

- Trusts and Estates ...3

- Increased Threshold for Deducting Medical Expenses ...3

- Planning Opportunities ... 4

Excerpt from Headline Article: Tax Increases Coming On Heels of Supreme Court

Decision Upholding Health Reform Law:

The highly anticipated Supreme Court decision of National Federation of Independent Business v. Sebelius, Sup. Ct. Dkt. No. 11-393 (U.S. 6/28/12) upheld the constitutionality of the Patient Protection and Affordable Care Act (Health Care Act) requirement to maintain minimum healthcare coverage. The Supreme Court held that the “individual mandate” provisions of the Health Care Act are within Congress’s power to tax under Article 1 of the Constitution. Although the individual mandate requiring those without insurance to obtain it or pay a tax begins in 2014, many provisions of the Health Care Act have already been implemented and there are some important tax provisions that come into effect beginning January 1, 2013....

Please see full Newsletter below for further information.