House Passes Job Creation Bill Granting $17.6 Billion in Tax Incentives for Businesses
March 5, 2010 in Daily Tax Report · Leave a Comment
The House March 4 voted 217-201 to pass legislation that includes $17.6 billion in tax cuts aimed at encouraging businesses to hire new workers…
Senate to Bring $31 Billion Tax Extenders Measure to Floor During Week of March 1
March 1, 2010 in Daily Tax Report · Leave a Comment
Senate Democratic leaders announced Feb. 26 that they will bring a long-awaited bill featuring $31 billion in extensions of expired tax cuts to the Senate floor during the week of March 1.
Senate Passes $16 Billion in Tax Cuts in Bid to Encourage New Hiring by Employers
February 25, 2010 in Daily Tax Report · Leave a Comment
The Senate voted 70-28 on Feb. 24 to pass its first installment of economic stimulus of the year, including $16 billion in tax cuts aimed at encouraging businesses to hire new workers…
House Democrats Welcome Obama’s Latest Health Care Reform Plan; Senate Still Sparring on Reconciliation Use
February 24, 2010 in Daily Tax Report · Leave a Comment
House Democrats give President Obama’s most recent health reform proposal a warm reception, though members say they are reserving final judgment on it…
Senate Majority Leader Reid’s Jobs Bill Gets Lackluster Reviews; Some Prefer Extending 2001, 2003 Tax Laws
February 24, 2010 in Daily Tax Report · Leave a Comment
Longer-term policies that give small businesses additional certainty about the tax climate in coming years may be better for the economy than…
Senate Jobs Creation Bill Clears Major Procedural Hurdle
February 23, 2010 in Daily Tax Report · Leave a Comment
Senate Majority Leader Harry Reid’s proposed $15 billion jobs bill cleared a major hurdle Feb. 22, with the Senate voting 62-30 to invoke cloture and end debate on the bill…
Obama Seeks to Revive Health Care Reform by Raising ‘Cadillac Tax’ Threshold Again
February 23, 2010 in Daily Tax Report · Leave a Comment
President Obama offered a fresh $950 billion proposal Feb. 22 that would reduce the number of middle-class households that would be affected by an excise tax on high-cost insurance…
Employment Tax Takes Center Stage as IRS Begins National Research Project , Executive Compensation Audits
February 22, 2010 in Daily Tax Report · Leave a Comment
The Internal Revenue Service’s National Research Project, the most comprehensive study of worker classification since 1984, and other audit initiatives will focus on…
Tax Cuts to Represent $13 Billion of $149 Billion Senate Jobs Bill, Congressional Budget Office Says
February 19, 2010 in Daily Tax Report · Leave a Comment
Senate Majority Leader Harry Reid’s (D-Nev.) fully offset jobs bill, set to come to the Senate floor Feb. 22, includes targeted tax cuts valued at $13 billion, the Congressional Budget Office said in a Feb. 18 letter.
Documents in Tax Dispute Protected by Attorney-Client Privilege, Federal Magistrate Finds
February 15, 2010 in Daily Tax Report · Leave a Comment
A magistrate judge for the U.S. District Court for the District of Nebraska Feb. 8 ruled in an employment tax case that correspondence between an attorney and a taxpayer that was turned over to the government by a third party


