CCH® Federal Tax Perspectives: 2017 Year-End Tax Planning (U.S.)
Provides the tools to respond to How a review of traditional year-end techniques, changes in personal and financial circumstances.
Three years after full implementation of most major provisions within the Patient Protection and Affordable Care Act (ACA) of 2010 and almost five years after passage of the American Taxpayer Relief Act of 2012 - followed by additional changes made by the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), and with Tax Reform and the potential repeal of ACA on the horizon, taxpayers continue to craft and fine-tune tax strategies to reflect the many far-reaching effects of these major tax laws and other tax changes. IRS guidance over the past several years has also created new rules, with new pitfalls and opportunities to be addressed. Also at year-end 2017, the uncertainty over the passage of certain "tax extenders" provisions - as well as new concerns over what other changes may come from the Administration in Washington - must be faced. Year-end is also traditionally the time to review tax strategies from the past and make any changes for the coming years.
Provides the tools to respond to:
- How a review of traditional year-end techniques, such as balancing income and deductions between the current and upcoming year through acceleration and deferral techniques, may be applied to year-end 2017.
- How changes in personal and financial circumstances -marriage, divorce, children, a change in employment or even investment success-should be reflected within 2017 year-end strategies.
- How recent tax law changes -made by legislation, the Treasury Department and IRS, and the courts-should be integrated into specific 2017 year-end strategies.
- How timing rules, both time-tested and new, determine when income or a deduction is considered locked in to a particular tax year within a variety of personal and business situations.
- How legislative and political forces in 2018 may shape some strategies at year-end 2017.
Dec 29 2017
6" x 9"