The ACA Helps Create the Most Complicated Tax Seasons Ever

IRS Chairman John Koskinen said the 2015 tax filing season, “will be one of the most complicated filing seasons we’ve ever had.” Speaking at a recent tax conference in Washington, D.C., Koskinen said that the primary things that will affect the new tax are ACA provisions and Congress’ potential to extend tax breaks set to expire at the end of the year. Internet retailers are spared from legislation requiring them to collect sales taxes on purchases made by online shoppers in different states — at least for now. A bill in the House of Representatives that would have supported provisions in The Marketplace Fairness Act, which passed through the Senate, is now on hold and reportedly won’t be moved forward by House Speaker, John Boehner. However, parts of the bill that legislators on both sides of the aisle agree on could be added to separate legislation. For more information, visitwww.wolterskluwer.com.