Insights to keep top-of-mind during busy season
With that in mind, Patrice Johnson, managing of accounting curriculum for Becker Professional Education, has put together this list of laws and court decisions to bear in mind. Tax professionals can leverage these insights to better serve their clients and ensure proper filings on their behalf.
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Don't Tax Our Fallen Public Safety Heroes Act
Defending Public Safety Employees' Retirement Act
Trade Preferences Extension Act
In addition, the child tax credit, known as the additional child tax credit, is refundable if the credit exceeds the income tax due by the taxpayer. Beginning in 2015, the additional child tax credit is not refundable if the taxpayer has claimed a foreign earned income exclusion. This is particularly important for any U.S. expat clients.