Last-Minute Filing Tips For A Shifting Tax Landscape


With the tax filing deadline now only days away (April 18 this year due to Emancipation Day in Washington, D.C.), we thought it would be helpful to share a few last-minute tax filing tips, with a bias twist. As a result of interaction this tax season with more than 500 lawyers who have engaged the tax compliance and planning services of the Tax Accounting Group, we can comfortably and confidently report a common theme.

Whether speaking with seasoned partners, experienced judges, veteran law professors or young and emerging associates, the questions and messages seem consistent. Questions, questions and more questions about personal tax matters abound. And with good reason.

Last year, Congress passed sweeping health care reform legislation, which included numerous tax provisions; the HIRE Act, which contained a number of meaningful hiring and business stimulus provisions; and the Tax Relief, Unemployment Insurance Reauthorization, and Jobs Creation Act of 2010.

Thus, the complexity of tax law continues to increase, with no end in sight. In the last two years alone there have been more than 1,500 tax law changes. Tax compliance for the 2010 tax year has proven to be challenging. Based on our recent experiences and in the spirit of being helpful to the hard working lawyers reading this article and about to file their tax returns, we provide a list of last minute tax tips.

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Published In: Tax Updates