EY Tax Expert Offers Tips on Tax Breaks, How They Apply, Deductions and Common Filing Errors
Greg Rosica, Contributing Author to the EY Tax Guide 2014 and Tax Partner
(New York, NY, Thursday, March 27, 2014) – A favorite among do-it-yourself filers and tax professionals alike for nearly three decades, the EY Tax Guide 2014 is now available online and in bookstores. The 29th edition of the Tax Guide provides readers with everything they need to prepare for the upcoming 2013 income tax return filing season. The Guide highlights important tax law changes and includes money-saving tax tips that could affect families, entrepreneurs, investors, homeowners, senior citizens and military personnel.
Available in all e-book formats for the second year (eMOBI, ePUB and ePDF) as well as traditional hard copy, the Tax Guide provides readers with easy, on-the-go access to important 2013 tax changes. Taxpayers and professional preparers can sign up for the Guide’s companion website at ey.com/EYTaxGuide to receive tax alert emails and access up-to-date information about tax law changes.
Included are two books in one — the first is the official Internal Revenue Service (IRS) tax guide, Publication 17 – Your Federal Income Tax, which contains the IRS’s position on many of the questions taxpayers face. The second portion includes EY-prepared content that provides taxpayers and preparers with EY’s comments and explanations, including:
- TaxPlanners: ideas to better plan for the upcoming year
- TaxOrganizers: steps to take now that can make tax filing easier
- TaxSavers: tips to ease your tax bill this year and next
- TaxAlerts: tax rules and regulations that changed recently or may change in the near future
The EY portion also includes a summary of the major changes in the tax law for 2013 you should know about and a chapter that discusses planning ahead for 2014 and beyond. Additional chapters go beyond those included in IRS Publication 17 to cover a wide spectrum of topics including specific information for the self-employed, tax treatment of mutual funds, gift and estate tax planning, tax considerations for US citizens working abroad and foreign citizens living in the US.
The EY Tax Guide 2014 also incorporates a number of valuable tools and lists, including how to avoid the 25 most common tax-filing errors, the 50 most overlooked tax deductions, enhanced coverage of the alternative minimum tax (AMT), green tax breaks and incentives, and over 1,000 money-saving tax tips.