Obama Signs Measure Creating $13 Billion in Tax Breaks for Businesses Hiring Workers

President Obama signed the HIRE Act (Pub. L. No. 111-92) into law March 18, creating tax breaks for businesses hiring new workers and extending higher expensing limits for small businesses that…

IRS Proposes Regulations With Basis Reporting Rules For Securities

The Internal Revenue Service Dec. 16 proposed highly anticipated regulations (REG-101896-09) under a 2008 law that will require the reporting of basis and other information by mutual fund companies and stock brokers for most stock purchased in 2011 and all stock purchased in 2012 and later years…