Tagged: tax legislation

Photo overlook of the hearing room for the Senate Finance Committee just before proceedings began.

Senate Finance Committee to Consider Bill Authorizing IRS to Regulate Tax Preparers

The Senate Finance Committee will hold a session Wednesday to markup an original bill intended to combat identity theft and tax return fraud. The bill comes in light of the recent events where identify theft had been successfully committed using taxpayer records available via an online service of the Internal Revenue Service. The session will be held Wednesday, September 16th...

Senate Passes Tax Extenders, Sends Bill to the White House

With a 76-16 result, the Senate voted Tuesday to approve H.R. 5771 (the “Tax Increase Prevention Act of 2014”) and send the bill straight to the White House, where President Obama is expected to sign the bill. The vote was taken last night at 7:32 p.m. (EST), with fairly even representation among Democrats and Republicans. Virtually all the tax extenders...

Tax Extenders: Getting Warmer, But Still Not There

In continuation of prior coverage of the current form of the tax extenders, the nation continues to wait on the Senate to do its part to move them along to the White House after the House of Representatives passed a package that includes both the traditional tax extenders package (extending them retroactively and to the end of 2014) and the...

Picture of Capitol Building in Washington, D.C.

Tax Extenders Take Back Seat to Spending Bill and Nominations

At the beginning of this week, the expectation was that the Senate would quickly bring to a vote the Tax Increase Prevention Act of 2014 that was speedily introduced and passed in the House. In fact, Senate Majority Leader Harry Reid (D-NV) himself had stated that he planned to bring the initiative to the Senate floor for a vote–this being...