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Popular Tax Breaks Extended for 2014

DMLO CPAs | info@dmlo.com

Businesses, individuals benefit from latest tax relief extender law On Dec. 16, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), which the House had passed on Dec. 3. President Obama has indicated that he will sign the bill as soon as it reaches his desk. TIPA is the latest “extender” package, a stopgap measure that retroactively extends through Dec. 31, 2014, certain tax relief provisions that expired at the end of 2013. It was drafted after the collapse of negotiations over a bill that would have made some of the provisions permanent, while extending others for two […]

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One of the biggest challenges of tax planning is that perhaps the only tax law certainty is that there will always be some uncertainty. Changes - whether they come from Congress, the IRS or the courts - can occur at any time. The inevitability of change is why it's critical to develop a flexible tax-reduction strategy, stay on top of tax law developments and be ready to react quickly when change occurs. Don't pay more tax than you have to! Click the image to view our online tax planning guide, or call us - we'll help you figure it out!

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