There were numerous public laws enacted in 2015 changing our federal tax system. The largest in terms of number of change (over 130) is Public Law 114-113 (12/18/15). See basics and links in my 1/10/16 post. That’s a lot of changes. There are a variety of effective dates including many that are retroactively effecting back to 1/1/15. Did we need all of these changes? I don’t think so. Or at least not all at once.
I want to note a few cautions based on what I’ve learned from reading this and thinking about it for the past several weeks. I’ve been covering many of these updates in update presentations I’ve been making for the past few weeks.
This is not all of the cautions. Please comment to this post if you have more to offer. Read more