More than 50 popular tax provisions expired at the end of 2013. Without legislative action, businesses wont get a credit for research activities or be able to immediately deduct one-half of the cost of new business equipment. Individuals would lose benefits like the ability to deduct tuition and state and local sales taxes. Grant Thornton's Year-end Tax Guide for 2014
discusses these and other issues that taxpayers and taxpaying entities should be thinking about now.