Congress brought massive changes to the federal tax code in 2004, and now with tax season underway, return preparers face the challenges of dealing with those changes on 2004 tax returns. Continuing legal and regulatory developments have made this year a big one for practitioners and don’t forget that many changes from previous years’ legislation are becoming law for the 2004 returns as well. CCH’s 1040 Express Answers gives practitioners a quick look at these massive changes and how they will affect 2004 individual income tax returns. This guide is based on the 1040 and it presents the changes from all sides through the eyes of a practitioner preparing a client’s tax return and the related schedules. We are also offering Focus on Tax readers some quick-reference tools from this volume that will come in handy in preparing 1040s.
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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.