Ramp up for tax season with review of changes affecting 1040 clients

Between the Congress, the courts and the IRS itself, practitioners may be facing a record year for new information to absorb.  The two recently passed tax acts alone created major shifts in many areas and subtle changes in others that are sure to trip up the uninformed and unwary.  In the latest issue of the CCH CPE Credit Service, Sidney Kess and Barbara Weltman look at the year’s new developments and outline the most significant changes impacting 1040 clients and their 2004 tax returns. They highlight the major changes and provide planning pointers to help you make sure your clients get the most out of the new tax benefits while avoiding some new pitfalls.

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This story is from the CCH’s monthly Focus on Tax newsletter, which provides advise and guidance on federal and state tax issues for tax and accounting professionals.

Read this article from CCH’s Journal of Taxation of Financial Products.

AUTHOR

Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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