licaions” in 1997.pptVIP

Income Tax “Complications” in 1997 Presented by: Chuck Moore Arnie Oltmans Guido van der Hoeven Phase I, In-service Training, November 20, 1997 Taxpayer Relief Act of 1997 More than 800 Amendments Certainly No Simplifications Some Provisions Are Still Being “Revised” and Interpreted! Discussion Topics Changes affecting 1997 Federal tax returns Changes affecting tax returns after 12/31/97 North Carolina tax law changes Estate Tax Changes Other Agricultural Issues Questions and Answers Capital Gains Treatment: Finally! Individual Capital Gains Treatment For 1997 Several holding periods For 1997