Non-Permanent Tax Legislation - Headaches for Tax Practitioners and Taxpayers

The Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001 made tremendous changes to the Internal Revenue Code.  EGTRRA included numerous provisions that were only temporary in nature, phased-in over a period of time, had delayed effective dates, and some that had retroactive effective dates.  In addition, subsequent legislation has extended some of the provisions (sometimes on a retroactive basis) and made permanent some of the 2001 provisions.  Those subsequent tax acts also created entirely new provisions.  Needless to say, keeping all of these provisions straight is incredibly confusing.  So, CALT is pleased to provide a catalog of many of the tax provisions that are set to expire over the next few years.  Our thanks to Sheila Owen, CPA, and Thomsen Reuters for allowing us to post this information for you.

Click here to see Ms. Owen's table that identifies the expiring tax provisions that are of importance to you and your tax clients or personal situation: tax provisions that are set to expire.pdf