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Sep
06
2016 Tax Planning Environment
Tags: IRS; Tax Planning
The Tax Planning Environment in 2016 While more than 15 major pieces of tax legislation have been enacted into law since 2000, the current tax planning environment has been heavily shaped by the American Taxpayer Relief Act of 2012, passed in January 2013, and the Protecting Americans from Tax Hikes (PATH) Act of 2015, passed late last year. Together, these legislative acts made permanent a number of significant tax provisions that had previously existed only in temporary form, and introduced new rates and limitations that target high-income individuals. But while a host of popular tax benefits commonly referred to as "tax extenders" are now permanent fixtures in the tax code, others were simply extended, some only through the 2016 tax...
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