The PATH Act that Congress passed on December 18, which extends a long list of expired tax provisions, also contains a large number of other tax items. These include changes in penalties, new information return due dates, new due-diligence requirements and a host of other changes. Read this article (12/16) and another (12/18) from the Journal of Accountancy.
Listen to a podcast from Bob Keebler and Scott Sprinkle discussing the impact on your individual clients, including:
- The Federal interest rate hike, including investment issues regarding allocation, duration, and equity consideration, mortgage decisions, loan issues, credit card debt, GRAT opportunities, and a comparison of techniques and discussion of which benefit from lower vs. higher rates so you can determine the optimal entry points.
- A summary of the PATH Act as it pertains to individual clients, including a section-by-section description of the provisions and which are extended for a period of time or made permanent.