It’s not easy for a contractor to project tax liabilities when tax laws remain uncertain, especially for key tax provisions that expire annually. Recall that in late 2014, Congress passed and President Obama signed the “extenders” bill that retroactively reinstituted tax breaks that had expired at the end of 2013 to the end of 2014.¹

In late 2015, it is again unclear if and when Congress will take action. At this time, several bills still have no clear determination as to what they’ll contain and whether they will be enacted for 2015.