December 04, 2014
Thomson Reuters Releases Checkpoint Special Report on Key Tax Developments in 2014
NEW YORK – Thomson Reuters has released a special report, Retrospective on Key Tax Developments in 2014. The report provides a thorough briefing of key developments, including the tax extender provisions as well as many of the rates, dollar caps, and other key figures that changed over the course of the year.
"Although 2014 was a relatively quiet year in terms of new legislation, there were nonetheless many important developments that practitioners need to be aware of," said Catherine Murray, tax analyst with the Tax & Accounting business of Thomson Reuters. "These developments can have a significant impact on 2014 tax return preparation as well as tax planning for 2015 and later years."
The special report highlights milestone tax developments over the past year, including clarification on the:
- Affordable Care Act (ACA)
- Foreign Account Tax Compliance Act (FATCA)
- Federal tax treatment of married same-sex couples
- 3.8% surtax on investment income and gains
- 0.9% additional Medicare tax
- One-IRA-rollover-a-year rule
- Validity of regulations on the ACA premium tax credit
With so many tax developments, tax and accounting professionals will benefit from a single, comprehensive report that recaps the major tax changes in 2014. The special report is available for download at no cost at tax.thomsonreuters.com/2014TaxRetrospective.
Thomson Reuters offers many other resources to help users navigate the latest tax changes, including: Federal Tax Handbook, Federal Estate and Gift Tax Handbook, Federal Depreciation Handbook, Tax Desk, Federal Tax Coordinator, Planner CS, and Checkpoint Learning Tax Development Webinars.
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. It is used 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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