Congress completed a flurry of last-minute tax bills on Dec. 16 by sending the president legislation that will retroactively restore nearly all of the tax provisions that expired at the end of 2013. Congress also passed a small package of revenue offsets and made a handful of changes to compensation and benefits rules. The most significant of those bills (H.R. 5771) retroactively restores nearly all of the 50-plus expired provisions, but only for a year.
Tax Legislative Update 2014-09 contains details on all the legislation, including a full table describing the treatment of each expired provision. Many of these provisions are important to our clients
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