The coming year promises plenty of challenges and opportunities for individual and business tax clients. Single party control of the presidency and both chambers of Congress has paved the way for the most unimpeded path to a major tax bill in many years. The Affordable Care Act (ACA) tax compliance provisions continue to confound employers, while at the same time the potential for significant revisions or even repeal looms. Renewed enforcement of the 100-percent penalty for trust fund taxes looms for all employer advisors. These penalties can be catastrophic, and particular attention should be paid to them. In this course, tax advisors will be fully updated on the most important legislative and regulatory developments of the season as well as major trends and changes in the case law. Substantiation of charitable deductions is also quickly becoming an audit hotbed for the IRS, and these oftenmisunderstood rules are explained at length with a view toward planning.
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