Off to a Slow Start?
Even with the extenders passed, this tax season promises complicationsJanuary 9, 2015
With no major new legislation to deal with, it might appear that the upcoming filing season will be a smooth one. While much of the speculation since the mid-term elections centered on tax extender legislation, that issue appeared to have been solved just as we went to press, with the Senate passing a bill previously passed by the House that included $42 billion in tax breaks, most of which expired at the end of 2013. The legislation renewed the extenders retroactively for the 2014 tax year, with new legislation necessary for 2015.
Read the rest of the article in Accounting Today, as Thomson Reuters Michael Sonnenblick weighs in on the tax extender bill.
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