Late-Year Code Changes Go Unnoticed


“When taxpayers do not claim tax benefits because they do not know about them, Congress’ intent in providing the tax benefits is undermined and taxpayers understandably question the fairness of the tax system.”

National Taxpayer Advocate
Nina E. Olson, Jan. 9

Source: www.irs.gov .

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Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.