House to Immediately Consider Senate-Passed Version of Small Business Bill

House Speaker Nancy previous hitPelosinext hit (D-Calif.) said Sept. 16 the House would immediately consider a Senate-passed small business lending and tax incentives bill (H.R. 5297) despite its…

Carried Interest Tax Increase, S Corporation Curbs Softened in New Tax Extenders Proposal by Senate Finance Panel Chair Baucus

Senate Finance Committee Chairman Max Baucus (D-Mont.) June 16 introduced a new substitute amendment (S. Amdt. 4369) to the tax extenders bill (H.R. 4213) that would…

House Passes Small Business Tax Cut, Defeats Attempt to Modify Health Law

The House voted 247-170 on a largely partisan basis June 15 to pass a small business tax relief bill (H.R. 5486), whose offsets also will be used to pay for…

Senate Majority Leader Reid Seeks to Limit Debate, Pass Tax Extenders Legislation by Week’s End

Senate Majority Leader Harry Reid (D-Nev.) filed a motion June 14 to invoke cloture on the tax extenders bill (H.R. 4213) in an effort to complete the…

Senate Finance Committee Amends House-Brokered Tax Extenders Bill to Soften Carried Interest Tax Increase

The Senate began debate on an updated version of a tax extenders bill (H.R. 4213) June 8 that would scale back the tax increase on investment managers’ carried interest…

IRS Provides Guidance on Determining Eligibility for Small Firm Health Care Credit

The Internal Revenue Service May 17 provided comprehensive guidance (Notice 2010-44) on a small-employer tax credit included in recently enacted health care reform legislation…

Bipartisan Concerns Raised on Impact of Proposed Bank Tax on Small Business Lending

Senate Finance Committee members on both sides of the aisle expressed concerns May 4 that the Obama administration’s proposal to impose a $90 billion tax on large banks would…

White House, House Ways & Means Committee Chairman Seek to End VAT Talk; Tax to Recoup TARP Funds Being Considered

The White House and a top congressional tax writer sought to close the door April 19 on a value-added tax, with officials saying it was not under…

IRS Corporate Audits Declining, Research Group Says; Agency Disagrees with Analysis

The Internal Revenue Service’s audit efforts aimed at the nation’s largest corporate taxpayers have declined since 2005 and are now “at an all-time low,” according to…

House Passes $19 Billion Small Business Tax Bill

The House March 24 passed a $19 billion small business tax bill by a 246-178 vote, sending the debate on creating jobs and stimulating the economy to the Senate.

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