Tax Strategy: Modified extenders may require revised planning to maximize benefits.

Monday, February 01, 2016
By GEORGE G. JONES AND MARK A. LUSCOMBE for ACCOUNTING TODAY.  January 30, 2016

Much of the headline news about the Protecting Americans from Tax Hikes Act of 2015 understandably has focused on the many "extenders" provisions that now have been made permanent or extended beyond the usual two-year period found in prior tax bills.

However, Congress also made substantive modifications within many of those extenders that may be no less important. Many of these changes have only been in effect since Jan. 1, 2016, rather than reaching back to Jan. 1, 2015, the general start date for most of the extenders. This column takes a look at some of these modifications and how taxpayers might benefit from them. READ ENTIRE ARTICLE >