Tax Law Implementation
ProSeries Professional
This section covers the key input changes made in the program to accommodate for the tax law changes for tax year 2007.
Topics covered include:
- The Family Business Tax Simplification provision of the Small Business and Work Opportunity Tax Act of 2007.
- Form 8857 (Request for Innocent Spouse Relief) redesign.
- The new Mortgage Insurance Deduction provision of the Tax Relief and Health Care Act of 2006.
- What to expect and how to handle important AMT calculations that is expected to impact more than 23 million taxpayers this year.
- Minor changes to the foreign tax credit Form 1116.