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Following a flurry of tax legislation that enacted changes for tax years beginning in 2009, this tax season requires heightened attention to make sure your clients don’t miss any of the new and extended deductions and credits to which they’re entitled.

 

Most of the changes for 2010 were directed at stimulating the economy and providing incentives and relief for individuals and businesses. Thus, it’s important for return preparers to double-check taxpayer materials as they come in. They should make sure organizers, client letters and other guides and checklists have covered the full gamut of considerations and that their contents were heeded and understood by clients.