Below is a tax letter from Sherrin Fielder, CPA on November 16, 2012. The letter details some of the tax law changes in 2012. With some tax changes coming up in 2013 it is good to be aware of how what the affects of these will be. Taxes will be increasing in 2013 and estate and gift rate taxes will go up as well. It is a good idea to take some of these things into consideration before the end of the year!