Except for the hub-bub over the Tax Extenders bill being passed by Congress, the biggest news of the fall concerning taxes turned out to be a story on a parody website claiming refunds would be delayed until Oct. 15. That didn't stop the Internet from obsessing over the idea that the Obama administration would do such a thing in an effort to save millions of dollars. The rumor was so persistent that a Forbes writer felt the need to debunk it.
The real changes to the tax code for 2015 are mostly incremental and were set by Congress as indexing to inflation. Even past nightmares like annual political wrangling over the Alternative Minimum Tax have at least been stabilized.
Still, there are some changes that taxpayers and their advisors should be aware of, said Bernard Kiely, of Kiely Capital Management, based in Morristown, N.J. One concerns withdrawing money from one IRA to roll it into another.
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