2020 Whole Ball of Tax: Your ‘Go-To’ Tax Season Resource

Annual collection of resources aid the preparer and taxpayer alike

The annual 2020 Whole Ball of Tax (WBOT) from Wolters Kluwer Tax & Accounting is now available to help journalists, reporters, and media in general better understand the nuances of the 2020 tax filing season. Filled with valuable information, WBOT is a comprehensive collection of resources to help keep readers, listeners, or viewers apprised about key developments affecting taxpayers in 2020.

Tax checklists, charts and tables in one location

The specially curated website includes helpful press releases, checklists, charts, and tables that provide in-depth analysis from our tax experts on key changes brought by the Tax Cuts and Jobs Act of 2017 and additional changes from the “Further Consolidated Appropriations Act, 2020,” which was enacted at the end of 2019. The information is delivered through a user-friendly, easy to find and navigate online format at https://taxna.wolterskluwer.com/wbot2020, where you can also download a printer-friendly PDF containing all these materials to your computer or mobile device. Please bookmark the website and check back periodically for additional content and resources throughout the year.

Addressing current and future tax updates

Tax Cuts and Jobs Act provisions were effective generally for the first time on 2018 tax returns; however, some changes became effective for the first time on 2019 tax returns. In addition, tax changes in the “Further Consolidated Appropriations Act, 2020,” promise additional complexity for the 2020 tax filing season, not only for preparing 2019 tax returns but also for consideration of amending 2018 tax returns and reviewing qualified retirement plans and estate plans. These include retroactive extension of expired provisions, repeal of provisions in the Tax Cuts and Jobs Act, technical corrections to the Tax Cuts and Jobs Act, qualified retirement plan changes, and retroactive disaster relief provisions.

Deep domain expertise from a trusted partner

According to Mark Luscombe, JD, LLM, CPA and Principal Federal Tax Analyst for Wolters Kluwer Tax & Accounting, “Taxpayers will find much has changed in the tax law for both individuals and businesses, and those changes will present both challenges and planning opportunities to try to maximize the tax benefits.” The 2020 WBOT materials result from our deep domain expertise and offer a trusted resource that members of the media can leverage to better inform their stories and ensure their audiences receive analysis and guidance.

To read the full press release, click here.

PLEASE NOTE: These materials are designed to provide accurate and authoritative information in regard to the subject matter covered. The information is provided with the understanding that Wolters Kluwer Tax & Accounting is not engaged in rendering legal, accounting, or other professional service.

We’re here to help

Our federal and state tax experts are available for interviews and analysis throughout the tax season and beyond. Special Tax Briefings are also available online to offer you timely and thorough insights on the tax legislation impacting taxpayers in the 2019 Tax Season. Click here for the latest “2019 Tax Year in Review” edition.

Media contact:

To arrange interviews with federal and state tax experts from Wolters Kluwer Tax & Accounting about this tax filing season or any other tax-related topics, please contact:

Marisa Westcott
Wolters Kluwer
212-771-0853
marisa.westcott@wolterskluwer.com

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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