Key Tax Developments, Quarter 1

Educational Articles | 04.28.2015

The first quarter of 2015 has been busy! We’ve compiled some key tax developments from early 2015 that may benefit you in your tax planning and compliance. Here are a few highlights:

  • Transition relief may help employers retroactively claim tax credit allowances for certain employees using the Work Opportunity Tax Credit (WOTC)
  • Affordable Healthcare Act (ACA) relief provisions for uninsured and low income taxpayers
  • Luxury auto depreciation and deduction limits for vehicles put in service January 2015 or after
  • New tangible property regulation procedures for small businesses
  • Software use research credits for businesses

Learn more about these tax changes, plus more, by reading the full document here.

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