Obama Signs Small Business Bill That Includes $30 Billion Lending Fund

President Obama signed a small business bill Sept. 27 that enables small businesses to take advantage of new and extended tax incentives, including an extension of…

IRS Issues Final Rules on Diversification of Defined Contribution Retirement Plan Investments

The Internal Revenue Service May 18 issued a final rule (T.D. 9483) adding clearly marked public safety officer vehicles as a new type of…

Bipartisan House Vote Sends Bill Changing Cell Phone Taxation to Senate

The House April 14 passed a taxpayer assistance bill (H.R. 4994), sending the Senate a measure that would remove cell phones from listed property under tax code Section 280F, thereby eliminating…

ANALYSIS: Deducting ‘Going Private’ Expenses

In November of Year 1, the board of directors of “Company” (C) decided to “explore strategic alternatives,” including a sale of C.

An “exclusivity agreement” (with “Sponsors”) was…