Report Looks at Major Tax Changes of 2016
Thomson Reuters has released a special report, 2016 Practical Tax Law Changes, which highlights notable legislative and regulatory tax developments over the past year and the potential impact on individuals and businesses.
Dec. 13, 2016
Thomson Reuters has released a special report, 2016 Practical Tax Law Changes, which highlights notable legislative and regulatory tax developments over the past year and the potential impact on individuals and businesses.
In 2016, the courts and the IRS made several important rulings related to various topics, including capital gains, IRAs, and mortgage interest limitations. This report examines legislative and regulatory updates on issues that could shape how professionals and their clients structure future tax planning.
“Several important issues were clarified by the courts this year and some significant regulatory developments took place, including the proposal to markedly restrict valuation discounts for transfer tax purposes,” said Matthew A. Melone, J.D., CPA, a professor of law at Lehigh University and author of the report.
This special report analyzes the tax treatment of assets such as domain names, passive losses and how they apply to estates, trusts, individuals and corporations. It also revisits same-sex marriage implications for tax planning, specifically with respect to mortgage interest limitations, capital gains issues, and the treatment of wellness programs that do not qualify as medical expenses.
The free report is available for download at tax.thomsonreuters.com/checkpoint/practical-tax-law-changes.
This special report is published courtesy of Thomson Reuters Checkpoint’s WG&L Practical Tax Strategies, a monthly journal that alerts readers to timely tax issues, focusing on practical strategies to reduce client taxes and satisfy statutory and regulatory compliance mandates.
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