Tax Update SM
The 2014 filing season is now in full swing, and as always, there are a few things we can cheer about, and a few that create hair-pulling fits. For the most part, the changes for this filing season versus that of last season are not too voluminous. Of course, I’m totally discounting the changes brought to us by ACA, which this article will not discuss.
So, without further blather about ACA, here are a few noted changes along with their attributes (as they reside in my head anyway)…
The Hideous? Three letters only…ACA. More on that at a later date.
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Rob
Editor's note: IA Contributing Author Rob Shaff who authored this article will be joining Joe Woodard and myself at our Webinar on February 18 covering QuickBooks at Tax Time. Rob will be reviewing the various requirements of ACA upon small employers, as Joe and I outline how to configure QuickBooks to deal with the tracking and reporting implications the ACA requirements impose.
DISCLAIMER: This article is for informational purposes only and does not constitute tax or legal advice. If you want tax or legal advice, please contact a qualified tax professional or attorney.