Thomson Reuters Releases Report on Key Tax Developments in 2016

New York - 20 December 2016

Thomson Reuters has released a report, 2016 Retrospective on Key Tax Developments, which provides an update on significant Federal tax developments in 2016, including tax laws, regulations, rulings, significant case law and other guidance.

“There were many tax developments in 2016—particularly in the form of new regulations, some of which were extremely complex,” said Catherine Murray, senior tax analyst with the Thomson Reuters Tax & Accounting business. “Tax professionals are also dealing with the uncertain fate of a number of tax provisions that are currently in effect only through the end of the year—so-called 'extender' provisions—that were not addressed by Congress prior to adjourning."

The comprehensive report covers more than 20 tax topics, including transfer taxes, education incentives, retirement plans, and foreign income and transactions. It addresses tax provisions scheduled to expire at the end of the year as well as those subject to a gradual phase-out. It also provides both 2016 and 2017 figures for many of the tax provisions that are annually adjusted for inflation to facilitate return filing and tax planning in the coming year.

The free report is available for download.

Thomson Reuters Checkpoint provides numerous tax guidance and training tools to help professionals stay up to date on the latest tax developments, including:

Thomson Reuters Checkpoint tackles market disruption through integrated research, editorial insight, productivity tools, online learning and news updates along with intelligent links to related content and software. It is relied on by hundreds of thousands of tax and accounting professionals, and counts among its customers 97 of the Top 100 U.S. law firms, 99 of the Fortune 100 companies, and all of the top 100 U.S. CPA firms.

Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). 

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