CPAs get pre-filing-season update on tax laws governing individuals

01/5/2009 | Tax Adviser, The

As tax preparers gear up for the upcoming tax filing season, they should be aware that a number of credits and other items that were scheduled to expire -- or had already expired -- were extended by the Tax Extenders Act of 2008. The act also increased the alternative minimum tax exemption amount and made changes to the rules regarding the AMT minimum tax credit. Moreover, numerous changes affecting individuals were made in regulations and other guidance issued by the Internal Revenue Service, as well as in decisions by the Tax Court and other federal courts.

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Tax Adviser, The

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