Key Tax Developments, Quarter 1

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.