NEW YORK, Nov. 10, 2014 /PRNewswire/ -- Now available online and in bookstores, The EY Tax Guide 2015 can be yours before the Thanksgiving turkey hits the dinner table. A popular resource for do-it-yourself filers and tax professionals alike, the 30th edition of the Guide is packed with tax tips, information on tax law changes and everything else taxpayers will need as they prepare for the 2014 filing season.
"Many provisions that were retroactively extended by the American Tax Payer Relief Act (ATRA) for 2012 and 2013 have expired and their status moving forward is unclear," said Greg Rosica, contributing author to the EY Tax Guide 2015. "Without some of these items, taxpayers' situations may change considerably."
The Tax Guide is again available in all e-book formats (eMOBI, ePUB and ePDF) as well as traditional hard copy. Taxpayers and professional preparers can also 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.
"The Tax Guide's companion website plays a crucial role this year," said Rosica. "With uncertainty surrounding exclusions, deductions and credits that have been available in the past, the email alerts are especially important to provide taxpayers with information on tax law changes as they happen."
Published for thirty years, the EY Tax Guide (John Wiley & Sons Inc.; $24.95, 1032 pp.) has been praised by critics as one of the best tax preparation resources available, helping families, entrepreneurs, investors, homeowners, senior citizens, military personal and veterans file their taxes accurately.
"The EY Tax Guide continues to be an excellent reference tool to help taxpayers and preparers navigate a changing tax scene," said Rosica. "We're proud to have offered this resource for three decades now and know it will continue to benefit our readers."
The EY Tax Guide is two books in one: EY tax tips, comments and explanations incorporated into the official IRS Publication 17 – Your Federal Income Tax. Together, they provide well-rounded information to answer any questions taxpayers may have.
Among the Guide's biggest attractions are the more than 400 tips found throughout the book, including:
- TaxSavers: tips to ease your tax bill this year and next
- TaxPlanners: ideas to better plan for the upcoming year
- TaxAlerts: tax rules and regulations that changed recently or may change in the near future
- TaxOrganizers: steps to take now that can make tax filing easier
Additional chapters go beyond those included in the IRS Publication 17 and cover a wide spectrum of topics, including: information about the Affordable Care Act, self-employment income, tax treatment of mutual funds, gift and estate tax planning, Net Investment Income Tax (NIIT), and tax considerations for US citizens working abroad and foreign citizens living in the United States.
The EY Tax Guide 2015 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.
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This news release has been issued by Ernst & Young LLP, member firm of EY serving clients in the US.