The 2015 return filing season began with some ominous predictions of slowdowns in return processing, delayed refunds and poor customer service because of cuts to the IRS’s budget. Further complicating the filing season were new reporting requirements under the Patient Protection and Affordable Care Act (P.L. 113-148), complex new “repair regs,” year-end tax legislation in 2014, and much more.
How did the 2015 filing season actually fare? And perhaps of even greater importance now, what significant IRS guidance, regulations, court decisions and more took place since January that may impact on what practitioners should be doing now for their clients during the rest of 2015?
Award-Winning Briefing Now Available
For a review of developments so far in 2015 as they may impact ongoing tax strategies or new compliance obligations, see the Tax Briefing: 2015 Post-Filing Season Update, at: https://www.cchgroup.com/media/WK/TAA/PDFs/news-and-insights/federal-tax-legislation/2015-Post-Filing-Season-Update.pdf. This Tax Briefing gives the practitioner a practical heads up on what has happened so far in 2015, as well as predictions on how certain issues may unfold during the rest of 2015 and beyond.