2015 tax developments help prepare the way for 2016 tax planning and compliance
Tax developments during 2015 impact a wide variety of taxpayers and involve many different issues. They impact those 2015 tax year returns that will be filed during the 2016 filing season; they also affect refund opportunities for earlier “open” years; as well as point the way to strategic planning in 2016 and beyond. This tax briefing highlights some of the more significant developments that have taken place during the past year, including:
• PATH Act (permanent extenders and more)
• Supreme Court on Affordable Care Act (ACA) Tax Credit
• ACA implementation/changes
• Revised repair regulation rules
• FATCA implementation
• New partnership audit rules
• Rules to reign in certain partnership strategies
• Tax-related identity theft
• Budget pressures on IRS
• Supreme Court on same-sex marriage
