Tax-Writing Committee Chairmen Confident Carried Interest Treatment Change Can Pass Both Houses

The chairmen of both of Congress’s tax-writing committees said May 19 that negotiations over the annual tax extenders package have progressed to a point where they see that a change in the tax treatment of…

IRS Releases New HIRE Act Form W-11 Affidavit for Employees

Form W-11, the Hiring Incentives to Restore Employment (HIRE) Act Employee Affidavit, was released April 7 by the Internal Revenue Service.

Senate Clears $13 Billion in Tax Incentives for Job Creation for President’s Signature

The Senate March 17 voted 68-29 to pass $13 billion in tax breaks for hiring new workers, an expansion of incentives for financing construction activity, and…

National Digital Tax Regime, Long-Term R&E Credit Called for in FCC Broadband Proposal

A federal framework for taxing digital goods and services would improve tax certainty and promote online entrepreneurship and investment, the Federal Communications Commission said in…

Senate Finance Committee Leaders Unveil Draft Jobs Bill with Extenders, Payroll Tax Exemption

The draft Senate jobs legislation Finance Committee leaders unveiled Feb. 11 would extend a number of tax code provisions expired as of Dec. 31, 2009, and includes other tax provisions that in part would allow for…