• Tax Changes Included in the Trade Preferences Extension Act of 2015
  • August 26, 2015 | Authors: Charles Reid Barrineau; Edward H. Brown; Joshua A. Ehrenfeld; James M. McCarten; Allen Sullivan
  • Law Firms: Burr & Forman LLP - Atlanta Office ; Burr & Forman LLP - Nashville Office ; Burr & Forman LLP - Birmingham Office
  • The recently enacted Trade Preferences Extension Act of 2015 (the "Act") contains a number of tax provisions affecting businesses and individuals which have not been widely reported. The Act adds a requirement for claiming certain educational credits and deductions and increases the penalties associated with failures to file correct payee statements and information returns.