Document Type
Article
Publication Date
2-1-2008
Publication Title
The Tax Adviser
Volume
39
Issue Number
2
First Page
82
Last Page
85
Disciplines
Accounting | Business | Taxation
Abstract
The article focuses on developments affecting individual taxation in the U.S. It says that the Small Business and Work Opportunity Tax Act of 2007 raised the age requirements for Sec. 1(g) effective for tax years after May 2007. It notes that final regulations on the child and dependent care credit clarify that expenses for a child in kindergarten or higher grades do not qualify for the credit. Recommendations in the report "Reducing the Federal Tax Gap: A Report on Improving Voluntary Compliance" are cited, such as enhancement of taxpayer service.
Recommended Citation
Annette M. Nellen, E. Cook, J. Horn, and M. Musacchio. "Recent Developments in Individual Taxation" The Tax Adviser 39.2 (2008): 82-85.
Comments
Copyright © 2008 American Insitute of CPAs.