A BIG tax bill has not been passed as of mid-December, but that doesn't mean that there are no changes to 2015 laws. There are new pitfalls to avoid during the 2016 filing season. Some tax changes, filing dates, and penalties were hidden in non-tax legislation and the IRS has issued numerous Revenue Rulings, Revenue Procedures, and changes to Regulations. Example: For tax year 2016, Revenue Procedure 2015-53 announced annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Don't get caught unaware.
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