2015 Form Instructions Revised for ‘Windfall’ Business Tax CreditsFebruary 3, 2016
The Protecting Americans from Tax Hikes (PATH) Act of 2015 contains a fair number of “windfall” business tax breaks for 2015 (i.e., tax breaks available on the 2015 return even though they were off the books when the events triggering the breaks occurred). Three of these breaks are highlighted in recently updated 2015 form instructions: the work opportunity tax credit (WOTC), the credit for differential wage payments, and the empowerment zone employment credit….Read Full Article in the Accounting Web.
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