December 18, 2014

Thomson Reuters Checkpoint Releases Complete Analysis of Tax Increase Prevention Act of 2014

NEW YORK – Thomson Reuters Checkpoint has released RIA’s Complete Analysis of the Tax and ERISA Provisions of the Tax Increase Prevention Act of 2014, the Achieving a Better Life Experience Act of 2014, the 2015 Continuing Appropriations Act, and Other Acts of the 113th Congress. The Complete Analysis examines the Tax Increase Prevention Act of 2014 (“the Act”), which was passed by Congress on December 16, 2014. The Complete Analysis includes 180 separate articles providing in-depth analysis of the new law.

The Act extends a host of previously expired tax breaks for individuals and businesses through year-end, and also provides for the establishment of a new type of tax-advantaged savings program to help in meeting the financial needs of disabled individuals.

“The long-awaited tax extender legislation has now been passed, but it only provides certainty with regard to these provisions through the end of the year,” said Catherine Murray, tax analyst with the Tax & Accounting business of Thomson Reuters. “Whether they will be temporarily extended again in the future, or addressed in a more substantive way as part of a comprehensive tax reform effort, remains to be seen.”

In addition to the Complete Analysis, Thomson Reuters Checkpoint will soon provide a complimentary special report on the Act, as well as the pension reform provisions provided in the 2015 Continuing Appropriations Act. For a preview article on the business provisions extended by the Act, visit, which is one of a series of articles that appeared on Checkpoint.

For additional year-end tax planning guidance and a summary of tax changes that took place over the course of 2014, download our complimentary special reports, Year-End Tax Planning for 2014 at, and Retrospective on Key Tax Developments in 2014 at

Thomson Reuters Checkpoint is the leading global brand of knowledge solutions for tax and accounting professionals. Checkpoint is a robust, comprehensive, and interactive offering which provides integrated research, editorial insight, productivity tools, online learning and news updates along with intelligent linking to related content and software. With our respected content, which includes RIA, Checkpoint is relied on by thousands of tax and accounting professionals, including 97 of the Top 100 U.S. law firms, 96 of the Fortune 100 companies, and 99 of the top 100 U.S. CPA firms.

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