With so much attention being paid to the end-of-the-year passage of the tax extenders legislation, it is important to remember that an array of federal tax legislation was passed earlier in 2015 that will affect tax return preparation and advising of clients this busy season. Additionally, there were several key court cases in 2015 that will potentially affect clients' returns moving forward.
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.
See a text-only version of the story here.