CCH Tax Briefing Focuses on 2014 Year-End Tax Planning

Wolters Kluwer, CCH has issued a new Tax Briefing, 2014 Year-end Planning, providing expert analysis on the federal tax legislation outlook as well as strategies taxpayers and businesses may consider for reducing income taxes. Topics cover potential short-term actions on tax breaks that expired at the end of last year and have not yet been renewed, possible post-election changes to taxes related to health insurance requirements as well as the long-term outlook on comprehensive federal tax reform.

“In addition to traditional year-end strategies, taxpayers also need to be aware of tax legislation changes on Capitol Hill that may be coming soon – particularly around extension of expired provisions, and health coverage,” said Mark Luscombe, JD, LLM, CPA, Principal Federal Tax Analyst for Wolters Kluwer, CCH. “Year-end planning should also identify additional income from capital gains and other sources which could lead to owing more taxes in 2015 if not addressed in the current year.”

Tax and accounting professionals looking for in-depth, year-end tax planning strategies for serving clients can also now order the new eBook, CCH Federal Tax Perspectives: 2014 Year-end Planning as well as the digital version of the 2015 U.S. Master Tax Guide. Both editions are also available in print, along with many other tax resources that are conveniently accessible in a variety of formats at the Wolters Kluwer, CCH online bookstore.