A few of the more significant changes are listed below:
1. The government filing dates of W-2's and 1099's have been moved up a month to January 31.
2. Partnership returns are now due a month earlier on March 15.
3. Tax refunds for those claiming the earned income tax credit and the child tax credit will be delayed until February 15 as an anti fraud move.
4. The due date for foreign account reporting has been moved up to April 15 from June 30.
5. Estate tax returns must report the fair market value at death of assets passing to beneficiaries to both the IRS and beneficiaries. This is to make sure that beneficiaries use the correct basis when reporting sales of inherited assets.
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