October 1, 2014
The industry is waiting on Congress to act on federal tax provisions that expired at the end of 2013. The earliest any extender legislation will be taken up by Congress is after the election in November. Once again, it appears that any extension of these provisions will not take place until late December.
Right now it appears that a two year extension is on the table but it is not clear that all of the expired provisions will be extended. So we will have to wait and see what Congress does include in any extender bill that is passed in December.
With that in mind, below is a list of the some of the provisions that have either expired or have significantly changed for tax year 2014.
Provisions no longer applicable for tax year 2014 returns:
Also note that the following Section 179 Expense provisions have been reduced as follows for 2014:
Stay tuned for more information on which provisions will be extended and what impact the lateness of any extender legislation passage will have on the start of the 2015 filing season.
See below for a complete listing of the expired federal tax provisions:
Kiddie Tax Change and Form 8615
February 12, 2020
IRS Expands Their Identity Protection PIN (IP PIN) Program
January 23, 2020
2019 Federal Return and the Affordable Care Act
January 3, 2020
Extender and Disaster Tax Relief Provisions Included in the 2020 Consolidated Appropriations Legislation
December 27, 2019
Reminder of 2019 Federal Tax Changes
December 11, 2019
Virtual Currency and Form 1040, Schedule 1
November 11, 2019