Archive for the Tax Legislation Category

Ways and Means Approved GOP’s Amended Tax Cuts and Jobs Bill

see url The House Ways and Means Committee on November 9 approved the GOP’s amended Tax Cuts and Jobs Bill (HR 1) by a 24-to-16 party-line vote, thus concluding a four-day markup of the bill. The measure now moves to the House Rules Committee and then the House floor.…

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TAX CUTS AND JOBS ACT; Senate GOP Unveils Plan; House Bill Moves Ahead

http://acf.ch/wp/?m=federal-student-loan-forbearance-request-form Special Report Senate Republicans released a tax reform plan on November 9, 2017. Like the House GOP bill – the “Tax Cuts and Jobs Act” (HR 1) – the Senate GOP plan would impact virtually every individual and business on a level not seen in over 30…

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Updated Special Tax Briefing

pay day loansquick The House Ways and Means Committee advanced to the full House the proposed Tax Cuts and Jobs Act (HR 1) on November 9, 2017. The committee approved, along party lines, a number of amendments to the original bill. The House is expecting to hold a vote on…

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Trump/GOP Leaders Unveil Tax Reform Framework

http://electrodomesticosam.com/?q=payday-loans-in-fairview-heights-il President Trump and Republican leaders in Congress unveiled a framework for tax reform on September 27. The nine-page framework broadly describes tax proposals ranging from lower rates for individuals and businesses to repeal of certain tax preferences, but it leaves actual legislative language to congressional taxwriting committees.…

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Small Business Owners’ Tax Simplification Act of 2017 (HR 3717)

click IN THE HOUSE OF REPRESENTATIVES September 8, 2017 Mr. Chabot (for himself and Ms. Velázquez) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to simplify income tax compliance for small businesses,…

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House Lawmakers Examine Small Business Tax Reform

watch The momentum on Capitol Hill for comprehensive tax reform remains strong as House and Senate lawmakers continue to put forth and debate reform ideas. The House Small Business Committee held an October 4 hearing examining, in particular, tax reform for small businesses. During the hearing, lawmakers and…

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Tax Relief for Victims of Hurricane Harvey in Texas

syndicate bank home loan interest rate 2015 The IRS announced that affected taxpayers in Texas will receive tax relief with extended upcoming filing deadlines for extended tax returns and estimated tax payments, and penalties associated with payroll deposits. Individuals who reside or have a business in Aransas, Bee, Brazoria, Calhoun, Chambers, Fort Bend, Galveston,…

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District Court Nixes Constitutional Challenge To Income Tax Return And FBAR Filing Requirements

A federal district court has rejected a taxpayer’s argument that statutes and regs requiring U.K. citizens with U.S. permanent resident status to file income tax returns and Reports of Foreign Bank and Financial Accounts (FBARs), when read with the U.S.-U.K tax treaty, are so ambiguous that they…

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House Lawmakers Introduce Bipartisan Dependent Care Tax Relief Bill

Taxwriters on the House Ways and Means Committee have introduced a bipartisan bill that would increase the maximum amount of pre-tax dollars employees can set aside for dependent care. The Working Families Relief Bill (HR 2618) was introduced by Rep. Mike Kelly, R-Pa., and House Democratic Caucus…

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Top House and Senate Chief Tax Counsel Discuss Road to Tax Reform

While House and Senate counterparts continue their efforts toward tax reform, a number of discrepancies must be reconciled before a unified plan emerges. What makes an already complicated process more difficult is the lack of agreement among the taxwriters, according to Eric Solomon, Ernst & Young (EY),…

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