Special Report on the Protecting Americans from Tax Hikes Act of 2015
June 8, 2016
Last December, President Obama signed the Protecting Americans from Tax Hikes (PATH) Act
of 2015 into law. The new law contains several tax benefits for individuals and for companies.
What’s more, PATH was not a simple “extenders” act, continuing certain tax breaks for a
year or two. On the contrary, PATH converted many tax code provisions from temporary to
permanent, retroactive to the beginning of 2015. Therefore, you can have much more confidence
in future tax plans regarding these provisions. (Other tax code provisions that had expired, or
were scheduled to expire, were extended for two or five years, retroactive to 2015.)
This issue of the CPA Client Bulletin Select covers some of the main tax rules that have
been affected. If you have questions about these and other tax code items that were set to expire
in 2015 or later years, contact our office for details.