Obama Threatens to Veto Bonus Depreciation Extension
Bonus depreciation was “never intended to be a permanent corporate giveaway,” the Obama administration said as the House passed a bill to make it permanent.
New Hire Roundup: Hedge Fund Association Names Regional Co-Directors
Also in new hires, Sen. Rob Portman, R-Ohio, announced that Zach Rudisill will assume the role of tax counsel on his staff.
GOP Tax Reform’s Effect on Charitable Giving
The comprehensive tax reform proposal Rep. Dave Camp, R-Mich., introduced in February would make significant changes to charitable contributions.
Providing Tax ‘Alpha’ to Your Clients: 21 Days of Tax Planning Advice
Our fourth annual monthly focus on tax planning advice can help you and your clients this tax season. Here’s what we’ll be looking at on ThinkAdvisor.
Taxing Matters for the New Year
Two lawmakers struck a two-year budget deal in mid-December, just days shy of the budget conference committee’s Dec. 13 deadline to find a way to keep the government running beyond the expiration of the current continuing resolution (CR) on Jan. 15.
Unlikely Budget Deal Paves Way for CR; Shutdown Risk 'Very Small': Analyst
A stopgap measure to keep funding at current levels, minus sequester cuts, is the most likely outcome, says Washington Analysis' Joe Lieber.
Lawmakers Launch Website to Crowdsource Tax Reform
Recognizing that Washington doesn’t have all the answers, Sen. Max Baucus and Rep. Dave Camp have debuted TaxReform.gov, where the public can weigh in.
Energy MLPs & Taxes: Under Scrutiny, but Still Churning Out Returns
Legislators continue to zero in on partnerships, though most energy firms seem likely to avoid major impact, experts say.
Congress Gets Ready to Tackle Tax Reform, Budget
Congress is abuzz with activity this week as lawmakers start overhauling the tax code and plan to finish a continuing resolution to fund the government.
Congress Starts Work on Tax Code Reform
While skepticism remains, committees in both houses start high-profile work on reform.