Instead, the family of Bradstreet & Company would like to wish you and your family the most joyous holiday season and best wishes for 2013.

Currently, the exemptions for federal gift tax, estate tax, and generation-skipping transfer (GST) tax are at historic highs, and the gift, estate, and GST tax rates are at historic lows. But, in 2013, the exemptions are scheduled to substantially decrease, and the tax rates are scheduled to substantially increase.

With the growing number of Ohio casinos, we wanted to remind you that the IRS will be looking at your winnings! The IRS (and the State of Ohio and cities too) considers gambling proceeds as taxable income.

Most of us have some sort of life insurance, so that when we die, our loved ones will be able to use the proceeds to pay off our debts and provide for some of their future living expenses.

Now that the elections are over we know not much has changed in Washington D.C. It now appears that the tax provisions of the Patient Protection and Affordable Care Act (Obamacare) will become effective in 2013.

Every year the IRS automatically adjusts certain tax rules based upon current inflation levels.