Proposal planning & writing / Jeremy T. Miner and Kelly C. Ball
Summary and Analysis of Fiscal Year 2015 U.S. Budget Proposal
Complimentary: www.cch.ca/2015USBudget
On March 4, 2014, President Obama released a $3.9 trillion proposed
fiscal year (FY) 2015 federal budget, with a mix of
expanded child, family and education tax credits as well as some curbed
tax preferences for higher income individuals and businesses.
Funding for the proposed tax breaks would come from, among other
proposals, taxing carried interest as ordinary income, extending
payroll taxes to cover certain distributions from professional service
companies, and restricting the availability of like-kind exchange
treatment for real estate transactions. In conjunction with the budget,
the Treasury Department also released its Green Book,
providing explanations of the proposed budget.
CCH's Tax Briefing: Fiscal Year 2015 Budget Proposals provides you with a summary of the budget proposal.
Related Products
U.S. Master Tax Guide (2015)
INTERNAL REVENUE CODE: Income, Estate, Gift, Employment and Excise Taxes (Winter 2015 Edition)
Income Tax Regulations (Winter 2015 Edition), December 2014 (U.S.)
State Tax Handbook (2015)
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