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March 2015 » Trends and Issues for the 2015...
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Al Colanero, CPA, and Karen A. Marshall, CPA
Every year, some change in the tax law makes tax season difficult for tax professionals. In 2014, it was the implementation of the 3.8% Net Investment Income Tax. In 2015, it will be the IRS's repair regulations, the last-minute passage of the Tax Increase Prevention Act of 2014, the implementation of the Patient Protection and Affordable Care Act (ACA) mandate, and New York changes for estate and gift tax planning. Compliance with each of these changes will require diligence and effort.
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