TAX EXTENDERS LEGISLATION UPDATE – As discussed in more detail in this post, there were 55 tax related items (deductions, credits, etc.) that expired on December 31, 2013. Congress is in the process of implementing legislation to “extend” these tax provisions for one year. Here is the progress:
- House Bill H.R. 5771 – Introduced Dec. 1, 2014
- House – Passed Dec. 3, 2014
- Senate – Passed Dec. 16, 2014
- President – (waiting for signature)
2014 YEAR-END TAX STRATEGIES & PLANNING – We have provided some discussion on the more common strategies that may assist you with your year-end tax planning. Remember that you are unique and that not all your planning opportunities may be listed. Please let us know if we can develop a strategy that will best meet your specific situation.
See the “2014 Tax Planning & Strategies” section to review the tax strategy discussion.
2014 ORGANIZERS & TAX QUESTIONNAIRES – We will be mailing customized Organizers and Tax Questionnaires to our clients to help guide them in gathering the information we need to prepare the tax returns. These tools will help give us a better understanding to more accurately prepare the tax return and to discover tax saving opportunities. Because situation may have changed, additional Organizer pages are available to down load should they be needed (see applicable “Tax Help” page ).