I hate to break it to you, tax pros, but the upcoming tax season? It’s probably going to suck.
IRS Commissioner John Koskinen says so. So does National Taxpayer Advocate Nina Olson. It’s going to be a four-month-long headache, and we’re fresh out of Tylenol.
Where to start?
Thankfully, there are some resources out there that might help.
Tax Practitioner’s ToolkitThis year’s edition of the AICPA’s toolkit includes a summary and FAQs related to the Affordable Care Act, details about new tax laws, and tips for providing additional services to tax clients. You’ll find the toolkit here.
CCH tax briefingA new tax briefing from CCH titled “2014 Year-End Planning” should bring tax pros and taxpayers alike up to speed on the ACA, “repair” regulations, the net investment income tax, the additional Medicare tax on earnings, the uncertainty surrounding tax extenders, and more. Download the briefing here.
MACPA tax programsA number of upcoming MACPA programs will address many of these issues. The events include:
You’ll find a complete list of MACPA tax programs here.
More to readThe following articles offer details on some important tax-related developments: