The Path to Certainty: Following the PATH Act

As they say, “Nothing is certain but death and taxes.” Yet, many tax provisions carry year-end expiration dates, therefore taxes have proven far from certain and certainly far from predictable. Until recently, taxpayers played a guessing game about whether or not tax provisions would be extended, making tax planning difficult. Seeking to end some of the confusion, the Protecting Americans from Tax Hikes (PATH) Act is a federal law enacted in late 2015.