We were discussing the dangers of the fiscal cliff. Well that has been averted. Apparently the Estate Tax exemption will remain at $5 Million per person/10 Million per couple for the foreseeable future. Those who made preemptive gifts in 2012 will need to file those gift tax returns on April 15. And given the rising real estate values (for now) those gifts were probably a good thing. The Medicare tax holiday is gone. So everyone will see a little less in their paychecks from now on. Most of the other Bush Era tax cuts were left intact including alternative minimum tax relief. We would be happy to review your individual situation to discuss these matters.