As IRS commissioner John Koskinen has publicly admitted, the 2014 tax year will be one of the most complicated and stressful to process in the history of the IRS. Last-minute changes to tax credits and deductions, new tax rules relating to the Patient Protection and Affordable Care Act, and a reduced IRS budget will create a perfect storm for a hot mess come January. Processing delays—even disappearing returns, according to National Taxpayer Advocate Nina Olson—can be expected.
To help you get a handle on the critical tax facts visit the American Express website for the full article.
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