Federal Tax Legislation

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UPDATED: CCH Special Report: Comprehensive Analysis of Final Repair/Capitalization Reg and Proposed MACRS Disposition Regs

Updated: May 2, 2014

Our CCH Special Report provides a comprehensive review of the IRS’s final repair regulations and the related rules for changes to permitted or required accounting methods. recently released guidance that explains how to change to accounting methods required or permitted by the). Taxpayers must comply with the regs beginning in 2014, but may apply them retroactively. This Special Report brings all the important issues together in one place. Read the full CCH Coverage Here

2014 Post-Filing Season Update

Updated: April 17, 2014

With all the focus on compliance during the return filing season, practitioners and their clients may have only skimmed some of the important federal tax developments that have occurred since the start of 2014. This Briefing is designed to bring you up to speed on fed- eral tax developments in January, February, March and early April 2014, with pointers on how these developments may unfold, and how they may affect taxpayers and the next filing season. So far this year, the IRS, other federal agencies and the courts have issued guidance on individual and business taxation, retirement savings, foreign accounts, the Affordable Care Act, and much more. Read the full CCH Coverage Here

Fiscal Year 2015 Federal Budget Proposals

Updated: March 7, 2014

President Obama renewed his call for expanding child, family and education tax credits in his fiscal year (FY) 2015 budget proposals as well as for curbing some tax preferences for higher income individuals and businesses. The President unveiled his $3.9 trillion FY 2015 budget proposals on March 4. Many of the proposals are familiar from past budgets, but for FY 2015 the White House is placing special emphasis on passing tax reform for families and lower income individuals.

Read the full CCH Coverage Here

2013 Tax Year-In-Review

Updated: January 3, 2014

2013 was an eventful year for federal tax developments, notable from its onset by passage of the American Taxpayer Relief Act of 2012 (ATRA), which permanently extended the Bush-era tax cuts for all but higher-income taxpayers as well as numerous other important, but previously temporary, provisions. The year also saw an ample release of important guidance relating to the Affordable Care Act, the new Net Investment Income tax and Additional Medicare Tax, capitalization and repairs, the tax treatment of married same-sex couples and much more. In international taxation, the IRS won several important victories in the federal courts relating to international financial transactions used as tax shelters. The IRS also stepped up investigations of U.S. persons who may be hiding funds in undisclosed offshore accounts and continued to implement the Foreign Account Tax Compliance Act (FATCA) by releasing rules and regulations, draft forms and signing intergovernmental agreements.
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IRS Releases Final Regulations on Net Investment Income and Additional Medicare Taxes

Updated: December 3, 2013

Recently released final regulations aim to clarify the Code Sec. 1411 3.8 percent Net Investment Income (NII) tax and Code Sec. 3101(b)(2) 0.9 percent Additional Medicare Tax. The much anticipated NII final regulations come nearly one year after the IRS issued proposed reliance regulations.
Clarifications in the final NII regulations cover income, estimated taxes, real estate rental activities, regrouping under Code Sec. 469, trusts and estates, and much more. The IRS will generally allow taxpayers to rely on either the NII proposed regulations or the final regulations for tax years beginning before January 1, 2014. The final Additional Medicare Tax regulations generally track the proposed regulations with some clarifications for employers. Additionally, the IRS released proposed regulations on the calculation of NII regarding certain types of property, as well as taking a different approach to a much-criticized deemed sale rule for dispositions of active interests in partnerships and S corporations.
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Analysis of Comprehensive Repair/Capitalization Final Regulations

Updated: September 20, 2013

The IRS has released much-anticipated final “repair” regulations (T.D. 9636) governing when taxpayers must capitalize and when they can deduct their expenses for acquiring, maintaining, repairing and replacing tangible property. The final regulations make significant taxpayer-friendly changes to the 2011 temporary regulations. Compliance with the labyrinth of rules in the final regs, however, will challenge virtually every business, especially in light of an approaching January 1, 2014 effective date.
Read the full CCH Coverage Here

IRS Guidance on Same-Sex Marriage

Updated: September 03, 2013

All legally married same-sex couples will be treated as married for federal tax purposes whether or not the couple lives in a jurisdiction that recognizes same-sex marriage, the IRS announced on August 29. The ruling, issued two months after the U.S. Supreme Court struck down Section 3 of the Defense of Marriage Act (DOMA) in E.S. Windsor (2013-2 ustc ¶50,400, June 26, 2013), affects all federal taxes, including income taxes, estate and gift taxes, payroll taxes associated with employee spousal benefits, and more.
Read the full CCH Coverage Here

Supreme Court Strikes Down DOMA

Updated: June 27, 2013

In a 5 to 4 decision, the United States Supreme Court has found that Section 3 of the federal Defense of Marriage Act (DOMA) violates the equal protection clause of the Fifth Amendment of the U.S. Constitution as applied to persons of the same sex who are legally married under the laws of their state (Windsor, S.Ct., June 26, 2013, 2013-2 ustc ¶50,400). The majority, written by Justice Anthony Kennedy, held that DOMA is unconstitutional as a deprivation of the liberty of the person protected by the Fifth Amendment of the Constitution.
Read the full CCH Coverage Here

Senate Passes Marketplace Fairness Act

Updated: May 07, 2013

The U.S. Senate has overwhelmingly, and with strong bipartisan support, passed the Marketplace Fairness Act of 2013 (the Act) by a vote of 69-27. The bill would allow a state to require certain remote sellers to collect sales and use tax on sales made to customers in the state. States that are members of the Streamlined Sales and Use Tax Agreement (SST) would automatically be granted this authority. States that are not SST members would be required to implement simplification requirements. The bill provides an exception for businesses with annual remote sales of $1 million or less.
Read the full CCH Coverage Here

Fiscal Year 2014 Federal Budget Proposals

Updated: April 12, 2013

President Obama released a $3.77 billion fiscal year (FY) 2014 federal budget on April 10, 2013, with a mix of individual and business tax proposals intended to raise revenue, reduce spending and encourage negotiations between the White House and the GOP on comprehensive tax reform. President Obama called for a 28 percent cap on itemized deductions, a $3 million limit on tax-preferred retirement savings, a permanent research tax credit, a permanent American Opportunity Tax Credit (AOTC), a change in the taxation of carried interest, and more. President Obama also provided for the first time specifics on the so-called Buffet Rule. Following release of the President's FY 2014 budget recommendations, the Treasury Department issued its customary “Green Book,” describing the proposals.
Read the full CCH Coverage Here

2012 Tax Year-In-Review

Updated: January 10, 2013

Uncertainty during 2012 over what tax laws would govern in 2013 and beyond because of the expiring Bush-era tax cuts clearly was the most significant development of the year. Now that Congress and President Obama — through the American Taxpayer Relief Act of 2012 (ATRA) — have provided a degree of certainty over tax rates into at least the immediate future, taxpayers need to adjust their tax plans accordingly. Individuals and businesses should immediately recalibrate strategies in light of ATRA. 2012 was also a significant year for important tax developments from the Treasury Department, the IRS and the courts. These developments demand the attention of individual and business taxpayers not only to caution what is no longer allowed under the tax laws but also to shape what steps can be taken in 2013 and beyond to maximize tax savings. With that forward-looking perspective, this Tax Briefing reviews key federal tax developments that took place during 2012.
Read the full CCH Coverage Here

President Signs Eleventh-Hour Agreement To Avert Fiscal Cliff

Updated: January 3, 2013

The tax side of the “Fiscal Cliff” has been averted. The U.S. Senate overwhelmingly passed legislation to avert the so-called fiscal cliff on January 1, 2013 by a vote of 89 to 8, sending the American Taxpayer Relief Act of 2012 (HR 8, as amended by the Senate) to the House, where it was similarly approved on January 1, 2013 by a vote of 257 to 167. The American Taxpayer Relief Act allows the Bush-era tax rates to sunset after 2012 for individuals with incomes over $400,000 and families with incomes over $450,000; permanently “patches” the alternative minimum tax (AMT); revives many now-expired tax extenders, including the research tax credit and the American Opportunity Tax Credit; and provides for a maximum estate tax of 40 percent with a $5 million exclusion. The bill also delays the mandatory across-the-board spending cuts known as sequestration. President Obama signed the bill into law on January 2, 2013.
Read the full CCH Coverage Here

Analysis of Post-2012 Net Investment Income and Additional Medicare Taxes

Updated: December 07, 2012

The IRS has issued long-awaited and much-needed proposed reliance regulations on the operation of the two new surtaxes imposed under 2010 health care legislation: the 3.8 percent Net Investment Income (NII) Tax under Code Sec. 1411 and the 0.9 percent Additional Medicare Tax under Code Secs. 3101(b)(2) and 1401. Both surtaxes are scheduled to spring into full effect on January 1, 2013. The proposed reliance regs — and frequently asked questions (FAQs) on the IRS website — seek to address many of the gaps in application of these surtaxes that have been questioned by tax professionals, employers and taxpayers. At the same time, the proposed reliance regs create new questions about application of the surtaxes. The guidance on each of these new surtaxes is extensive and is immediately critical for affected taxpayers.
Read the full CCH Coverage Here
Related Product

UPDATED: Analysis of Comprehensive Repair/Capitalization Regulations

Updated: November 30, 2012

Repair Regulations Have sweeping impact; Will Require Accounting Method Changes; 2014 Effective Date Extension Announced. Almost a year after the IRS issued temporary “repair” regulations (T.D. 9564), many complex questions remain about their interpretation and application. One thing is for sure however; they affect all businesses in one way or another. Accordingly, it is vital to become intimately familiar with their content to understand how each client is affected.
Read the full CCH Coverage Here

2012 Post-Election Tax Policy

Updated: November 08, 2012

President Obama secured a second term in office November 6, 2012, in the end winning the Electoral College by a wide margin. The President's re-election now sets in motion what will likely be difficult negotiations between Democrats and Republicans over the fate of the Bush-era tax cuts, nearly $100 billion in automatic spending cuts, and the more than 50 expiring tax extenders, which include the alternative minimum tax (AMT) patch for tens of millions of taxpayers. The President's re-election has also significantly changed the dynamics for reaching an eventual agreement over long-term tax reform.
Read the full CCH Coverage Here

2012 Year-End Tax Planning

Updated: October 4, 2012

Year-end tax planning is always complicated by the uncertainty that the following year may bring and 2012 is no exception. Indeed, year-end tax planning in 2012 is one of the most challenging in recent memory. A combination of events — including possible expiration of some or all of the Bush-era tax cuts after 2012, the imposition of new so-called Medicare taxes on investments and wages, doubts about renewal of many tax extenders, and the threat of massive across-the-board federal spending cuts — have many taxpayers asking how can they prepare for 2013 and beyond … and what to do before then. The short answer is to quickly become familiar with the expiring tax incentives and what may replace them after 2012... and to plan accordingly. Year-end planning for 2012 requires a combination of multi- layered strategies, taking into account a variety of possible scenarios and outcomes.
Read the full CCH Coverage Here

Presidential Candidates Outline Tax Policies

Updated: September 11, 2012

On November 6, 2012, Americans will elect the occupant of the White House for the next four years. As President of the United States, he will play a major role shaping tax policy and possibly reforming the entire Tax Code. This special CCH Briefing describes the tax policies of President Barack Obama, the Democratic Party candidate for President, and former Governor Mitt Romney, the Republican Party candidate for President, with analysis of the potential impact of their tax positions both for the immediate future and for 2014 and beyond.
Read the full CCH Coverage Here

Analysis of Comprehensive Repair/Capitalization Regulations

Updated: August 21, 2012

More than six months after the IRS issued temporary "repair" regulations (T.D. 9564), many complex questions remain about their interpretation and application. One thing is for sure however; they affect all businesses in one way or another. Accordingly, it is vital to become intimately familiar with their content to understand how each client is affected.

The IRS initially reported it wants to make as few substantive changes as possible when it issues final regulations. However, the regulations have been subject to much criticism over the past several months because they often rely on facts-and- circumstances tests in distinguishing repairs from capitalized expenses. This is the approach that caused conflicts between the IRS and taxpayers in the first place. As a result, the IRS is under pressure to further simplify the regulations with additional bright-line tests and safe-harbors. How the IRS responds to this pressure remains to be seen.
Read the full CCH Coverage Here

Supreme Court Upholds Health Care Law; All Tax Measures Preserved

Updated: June 29, 2012

The U. S. Supreme Court has upheld the constitutionality of the 2010 health care reform legislation, including its linchpin individual mandate that requires individuals to pay a penalty if they fail to carry minimum essential health insurance (National Federation of Independent Business, et al. v. Sebelius, SCt, 2012-2 USTC ¶50,423). In its landmark 5 to 4 decision handed down on June 28, 2012, the Court cleared the path for President Obama's signature health care law, the Patient Protection and Affordable Care Act (PPACA) and the Health Care and Education Reconciliation Act (HCERA), to move forward on schedule. However, the mechanism used to force states to expand Medicaid eligibility did not pass constitutional muster.
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Sunset of 2001 & 2003 Tax Cuts and Benefits

Updated: May 4, 2012

The year 2012 began with the fate of the Bush-era tax cuts uncertain, and no resolution appears in sight. Democrats and Republicans remain far apart on whether to extend all or some of the Bush-era tax cuts and other tax incentives scheduled to sunset after 2012. Two years ago, President Obama and the GOP agreed to extend the Bush-era tax cuts along with the so-called tax extenders in the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (2010 Tax Relief Act). Today, prospects for any agreement between Democrats and Republicans before the November elections are murky at best. The likelihood of a lame-duck Congress deciding the fate of the Bush-era tax cuts increases daily. Also growing daily is the uncertainty many taxpayers face in tax planning for 2013 and beyond.
Read the full CCH Coverage Here

President Proposes Framework for Business Tax Reform

Updated: February 24, 2012

A reduced corporate tax rate, elimination of many business tax preferences, a new minimum tax on overseas profits, and much more are all part of President Obama's recently released Framework for Business Tax Reform (the "Framework"). The much-anticipated blueprint of the administration's plans for corporate tax reform was unveiled on February 22, 2012 in Washington, D.C.
The Framework contains a large number of general proposals which, according to the administration, will make the Tax Code less complicated for businesses and increase the nation's competitiveness in the global economy. A reduction in the corporate tax rate would be fully paid for by repeal of business tax preferences. The Framework also calls for a new minimum tax on overseas profits and encourages companies to return work to the U.S. by offering a new relocation tax incentive.
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President Signs 2012 Payroll Tax Holiday Extension

Updated: February 22, 2012

President Obama on February 22, 2012, signed into law a much-anticipated extension of the employee-side payroll tax cut through the end of 2012. After weeks of uncertainty over whether an agreement could be reached, the House passed the Middle Class Tax Relief and Job Creation Act of 2012 (H.R. 3630) by a vote of 293 to 132 on February 17, 2012. Senate approval quickly followed, also on February 17, by a vote of 60 to 36. Lawmakers agreed not to require the $93.2 billion estimated cost for the payroll tax cut extension to be offset by revenue-raising provisions. A potential impasse over revenue increases was avoided entirely when both parties agreed to offset costs of the full-year, two percentage point payroll tax cut through transfers from the general fund of the Treasury to the OASDI trust fund. In a revenue neutral provision, however, the new law eliminates a timing-shift in the estimated tax payments that had been required of certain large corporations under previous laws. Non-tax provisions within the new law extend unemployment benefits and implement a "doc fix" for Medicare. President Obama signed the bill as soon as it reached the White House.
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President Obama Releases FY 2013 Federal Budget Proposals

Updated: February 17, 2012

President Obama proposed a fiscal year (FY) 2013 federal budget on February 13, 2012 containing approximately $1.5 trillion in revenue raisers. The budget reiterates the President's longstanding opposition to extending the Bush-era tax cuts for higher income individuals, proposes to extend or make permanent a number of temporary tax credits and deductions and introduces some new tax incentives. The President's proposals impact individuals, businesses, exempt organizations, multi- nationals, and taxpayers of all types. The FY 2013 budget and explanations by the Treasury Department also flesh out some of the President's tax proposals in his January 24, 2012 State of the Union address and his "Blueprint for an America Built to Last." Some proposals, such as the Buffett Rule and a proposed minimum tax on overseas profits, are left for further explanation later in this process.
Read the full CCH Coverage Here

2011 Tax Year-In-Review

Updated: December 27, 2011

2011 had been predicted to be a quiet year in federal tax news – as it landed between major tax legislation in 2010 and expected tax reform in 2012 – but the year brought many significant tax developments from the Obama Administration, Congress, the Treasury Department, the IRS, and the courts. President Obama signed bills enacting hiring incentives, repealing three percent government withholding, and more. Congress initiated a national conversation on the pros and cons of tax increases, tax reform, and deficit reduction, which will frame tax proposals for 2012 and beyond. The IRS issued a steady stream of much-needed guidance for businesses and individuals, ratcheted up its attention on tax compliance, particularly in the international area, and continued its multi-prong initiative on return preparer oversight. Meanwhile, the Tax Court and other federal courts handed down decisions of their own, impacting rules for many other taxpayers.

This Tax Briefing provides a review of the key tax law developments of 2011 and more.
Read the full CCH Coverage Here

President Signs 3% Withholding Repeal and Job Creation Act

Updated: November 21, 2011

President Obama signed the Three Percent Withholding Repeal and Job Creation Act on November 21. The new law repeals three percent withholding on government contractors and expands tax incentives to encourage employers to hire military veterans. The new law also expands the IRS’s continuous levy authority, extends authority for the U.S. Department of Veterans Affairs (VA) to obtain information from the IRS and directs the Treasury Department to prepare a report on how to reduce the tax gap owed by federal contractors. HR 674 passed overwhelmingly in the Senate on November 10 by a vote of 95 to 0 and in the House on November 16 by a vote of 422 to 0.

The $12.8 billion cost of repeal of government withholding and the veterans’ tax incentives is off set by modifying the calculation of modified adjusted gross income (AGI) for determining certain federal health care program eligibility, as well as delaying scheduled reductions in fees for VA mortgage applications.
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White House Tax and Deficit Reduction Proposals

Updated: September 22, 2011

President Obama unveiled a $3 trillion federal budget Deficit Reduction Plan on September 19, 2011 including $1.5 trillion in tax increases. The President's Deficit Reduction Plan ("Living Within Our Means and Investing in the Future: The President's Plan For Economic Growth and Deficit Reduction") makes good on his pledge to produce a balanced deficit reduction package, one that combines spending cuts with revenue raisers. Increased taxes on higher income individuals would account for a significant portion of the revenue raised under the President's Deficit Reduction Plan. Other areas targeted for tax hikes include the oil, gas and coal industries, certain international activities and more.
Read the full CCH Coverage Here

President Proposes $447 Billion Jobs Package

Updated: September 15, 2011

President Obama has challenged Congress to immediately pass the American Jobs Act of 2011 – a $447 billion jobs package, including payroll tax cuts and tax credits to encourage hiring, along with extended 100 percent bonus depreciation, which would be paid for by limiting deductions for higher income taxpayers and changing the taxation of carried interest. The President described his jobs package during a speech to a Joint Session of Congress on September 8 and unveiled the legislative text on September 12.
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Congress Approves Debt Ceiling Bill; New Joint Committee To Weigh Year-End Tax Legislation

Updated: August 2, 2011

On August 2, President Obama quickly signed the Budget Control Act (Sen. 365 as amended) after passage by the Senate 74 to 26. The House had passed the Budget Control Act on August 1 by a vote of 269 to 161. The new law raises the debt limit to avoid a projected August 2 default and creates a bipartisan joint select committee on deficit reduction.
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Obama Signs 1099 Repeal Bill

Updated: April 14, 2011

President Obama signed on April 14 a bill (H.R. 4) to repeal controversial expanded information reporting on Form 1099 for certain business payments and rental property expense payments. The Senate passed H.R. 4 on April 5, the House had approved the bill on March 3, 2011. To offset cost of repeal, H.R. 4 increases the amount of the overpayment of the health insurance premium assistance credit that is subject to recapture.
Read the full CCH Coverage Here

President Obama Releases FY 2012 Federal Budget Proposals

Updated: February 17, 2011

President Obama released the third proposed federal budget of his term, for fiscal year (FY) 2012, on February 14. The FY 2012 budget renews many of the president's earlier tax policies, such as ending the Bush-era tax cuts for higher income individuals, making permanent the American Opportunity Tax Credit, eliminating some energy tax incentives, and reforming some international tax provisions. Overall, President Obama proposed $3.73 trillion in federal spending and $1.1 trillion in deficit reductions. The president's FY 2012 budget now faces many Congressional hearings, at which lawmakers are expected to challenge many of the proposals, especially in the GOP-controlled House.
Read the full CCH Coverage Here

2010 Tax Year-In-Review

Updated: December 27, 2010

2010 was a year in which a still-recovering economy generated a great number of major tax developments impacting taxpayers of all types: individuals, businesses, exempt organizations and more. Many of the developments were triggered by the passage of federal tax legislation; others by IRS rules and regulations; still others by important court cases. Some developments provided taxpayers with much-needed relief; others were aimed at helping the government collect needed revenues. CCH's Tax Briefing provides an overview of the key tax law developments of 2010 and their impact on taxpayers.
Read the full CCH Coverage Here

Updated: December 21, 2010

President Signs Two-Year Extension of Bush-Era Tax Cuts, Payroll Tax Relief, Estate Tax Compromise

Updated: September 23, 2010

Congress Approves Small Business Tax Bill with $12 Billion in Tax Benefits

Updated: September 13, 2010

Sunsetting Provisions Create Challenges for Tax Planning

Updated: August 11, 2010

President Signs Foreign Tax Reforms to Fund Education / Medicaid

Updated: July 2, 2010

President Signs Homebuyer Credit Closing Relief With Revenue Offsets

Updated: June 25, 2010

President Signs Doc Fix/Pension Funding Relief Bill

Updated: June 17, 2010

Senate Democrats Streamline Extenders Bill; Prune Revenue Raisers

Updated: June 16, 2010

House Passes Small Business Tax Relief Package

Updated: March 30, 2010

Congress Completes Overhaul Of Health Care Law; Makes Many Tax Changes

Updated: March 23, 2010

President Signs Health Care Reform; Senate Reconciliation Vote Next

Updated: March 18, 2010

President Signs HIRE Act; New Law Provides Hiring Incentives, Expensing Extension And More

Updated: March 10, 2010

2010 Hiring Incentives to Restore Employment Act

Updated: February 24, 2010

Senate Passes Jobs Bill With Hiring Incentives, Expensing Extension

Updated: February 5, 2010

Obama Unveils $3.83 Trillion Budget; Tax Proposals Focus On Job Creation, Revenue

Updated: January 25, 2010

New Law Allows 2010 Haiti Relief Contribution Deductions On 2009 Returns

Updated: January 14, 2010

IRS Unveils Comprehensive Preparer Reform Blueprint

Updated: December 28, 2009

House-Passed Extenders/Jobs Bills Await Senate Action in 2010

Updated: December 28, 2009

Senate Passes Health Care Reform Legislation

Updated: December 28, 2009

Estate Tax Extension Passes House, Fails In Senate; Carryover Basis To Be Effective January 1, 2010

Updated: December 10, 2009

House Passes Extenders Bill With Carried Interest, Foreign Reporting Revenue Raisers

Updated: December 4, 2009

House Passes Permanent Estate Tax Relief Bill; Fate in Senate Uncertain

Updated: November 19, 2009

Senate Health Bill Calls For Excise Tax On Insurance Plans, Added Payroll Tax On High-Wage Earners

Updated: November 9, 2009

House Passes Higher-Income Surtax,New Limits On FSAs, and More To Fund Health Care Reform

Updated: November 6, 2009

Worker, Homeownership, and Business Assistance Act of 2009

Updated: May 14, 2009

Treasury Releases "Green Book" of Tax Proposals

Updated: February 17, 2009

President Signs Massive Stimulus Bill; Nearly $300 Billion in Tax Relief

Updated: December 11, 2008

Congress Passes Emergency Pension Tax Relief/Technical Corrections

Updated: December 4, 2008

President-Elect Obama Brings Ambitious Tax Policy Agenda to Washington

Updated: October 3, 2008

President Signs Financial Markets Rescue Plan, AMT Patch, Extenders, Disaster Relief and More

Updated: September 18, 2008

Presidential Candidates Outline Tax Policies

Updated: July 30, 2008

President Signs the Housing and Economic Recovery Act of 2008

Updated: May 22, 2008

Congress Enacts Farm Bill Overriding Bush Veto And Passes Military Tax Relief

Updated: February 13, 2008

President signs Economic Stimulus Act of 2008 With Rebates and Business Incentives

UPDATED: CCH Special Report: Comprehensive Analysis of Final Repair/Capitalization Reg and Proposed MACRS Disposition Regs

2014 Post-Filing Season Update

Fiscal Year 2015 Federal Budget Proposals

2013 Tax Year-In-Review

IRS Releases Final Regulations on Net Investment Income and Additional Medicare Taxes

2013 Year-End Tax Planning

Analysis of Comprehensive Repair/Capitalization Final Regulations

IRS Guidance on Same-Sex Marriage

Supreme Court Strikes Down DOMA

Senate Passes Marketplace Fairness Act

Fiscal Year 2014 Federal Budget Proposals

2012 Tax Year-In-Review

President Signs Eleventh-Hour Agreement To Avert Fiscal Cliff

Analysis of Post-2012 Net Investment Income and Additional Medicare Taxes

UPDATED: Analysis of Comprehensive Repair/Capitalization Regulations

2012 Post-Election Tax Policy

2012 Year-End Tax Planning

Presidential Candidates Outline Tax Policies

Analysis of Comprehensive Repair/Capitalization Regulations

Supreme Court Upholds Health Care Law; All Tax Measures Preserved

President Proposes Framework for Business Tax Reform

President Signs 2012 Payroll Tax Holiday Extension

President Obama Releases FY 2013 Federal Budget Proposals

2011 Tax Year-In-Review

President Signs 3% Withholding Repeal and Job Creation Act

President Proposes $447 Billion Jobs Package

Obama Signs 1099 Repeal Bill

President Unveils FY 2012 Budget; Renews Call to End Bush-Era Tax Cuts for Higher Income Individuals

2010 Tax Year-in-Review and Wrap-Up

President Signs Two-Year Extension of Bush-Era Tax Cuts, AMT Patch and Other Extenders

CCH Tax Briefing: President Signs Two-Year of Bush-Era Tax Cuts, Payroll Tax Relief, Estate Tax Compromise
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Tax Relief Act of 2010): Law, Explanation & Analysis

President Signs Small Business Jobs Act with $12 Billion in Tax Incentives

CCH’s Tax Briefing:  Congress Approves Small Business Tax Bill
Small Business Jobs Act of 2010: Legislative Text
JCT Technical Explanation of the Tax Provisions in Senate Amendment 4594 to HR 5297, the Small Business Jobs Act of 2010, JCX-47-10
JCT Estimated Budget Effects of the Revenue Provisions Contained in Senate Amendment 4594 to HR 5297, the Small Business Jobs Act of 2010, JCX-48-10

CCH’s Explanation and Analysis of Sunset of 2001 and 2003 Tax Relief Acts Now Available

CCH’s Tax Briefing:  EGTRRA SUNSET BRINGS NEW CHALLENGES TO PLANNING FOR 2011
Sunset of the 2001 and 2003 Tax Relief Acts: Law, Explanation and Analysis

President Signs Foreign Tax Reforms To Fund Education/Medicaid

CCH Tax Briefing: Senate Passes Foreign Tax Reforms To Fund Education/Medicaid
2010 Tax Legislation: Law, Explanation and Analysis

Senate To Vote On Small Business Tax Bill After August Recess

President Signs Homebuyer Tax Credit Relief

CCH Tax Briefing: Homebuyer Assistance and Improvement Act of 2010 
Summary of HR 5623, the Homebuyers Assistance and Improvement Act of 2010 
Homebuyer Assistance and Improvement Act of 2010: Law, Explanation and Analysis

President Signs Doc Fix/Pension Funding Relief Bill

Small Business Jobs Tax Relief Act of 2010 (H.R. 5486)

House Passes Tax Extenders; Nixes COBRA Subsidy

CCH Tax Briefing: American Jobs and Closing Tax Loopholes Act 
American Jobs and Closing Tax Loopholes Act: Summary

President Signs FAA Reauthorization Legislation

Airport and Airway Extension Act of 2010

President Signs Health Care "Fixes" Into Law

Patient Protection and Affordable Care Act
Patient Protection and Affordable Care Act: Law, Explanation & Analysis
House Debate on Senate Amendments to HR 3590
Health Care and Reconciliation Act of 2010, as Reported
Health Care and Education Affordability Reconciliation Act of 2010, an Amendment in the Nature of a Substitute to HR 4872, as Reported
Statement of Administration Policy on HR 3590-Patient Protection and Affordable Care Act and HR 4872-Health Care and Education Affordability Reconciliation Act of 2010
Section-By-Section Analysis of HR 4872, the Health Care & Education Affordability Reconciliation Act of 2010
Congressional Budget Office Preliminary Estimate of Direct Spending and Revenue Effects of an Amendment in the Nature of a Substitute to HR 4872, the Reconciliation Act of 2010

House Passes Small Business Tax Act

Small Business and Infrastructure Jobs Tax Act of 2010
House Press Release: House Approves Small Business and Infrastructure Job Creation Bill

President Signs Sweeping Health Care Reform Legislation; "Sidecar" Bill Faces Tough Opposition in Senate

Patient Protection and Affordable Care Act
Patient Protection and Affordable Care Act: Law, Explanation & Analysis
House Debate on Senate Amendments to HR 3590
Health Care and Reconciliation Act of 2010, as Reported
Health Care and Education Affordability Reconciliation Act of 2010, an Amendment in the Nature of a Substitute to HR 4872, as Reported

Statement of Administration Policy on HR 3590-Patient Protection and Affordable Care Act and HR 4872-Health Care and Education Affordability Reconciliation Act of 2010
Section-By-Section Analysis of HR 4872, the Health Care & Education Affordability Reconciliation Act of 2010
Congressional Budget Office Preliminary Estimate of Direct Spending and Revenue Effects of an Amendment in the Nature of a Substitute to HR 4872, the Reconciliation Act of 2010

Senate Passes FAA Reauthorization Bill; Conference Likely

FAA Reauthorization Act of 2009, as Passed by the House (H.R. 915)
Federal Aviation Administration Extension Act of 2010 (H.R. 4853)

President Signs Hiring Incentives to Restore Employment (HIRE) Act

Hiring Incentives to Restore Employment (HIRE): Law, Explanation & Analysis
Senate Amendment 3310 to H.R. 2847
Tax Bulletin: HIRE Act: Incentives to Hire and Retain the Unemployed
Tax Bulletin: HIRE Act: Extension of Increased Code Sec. 179 Expensing
Tax Bulletin: HIRE Act: Foreign Account Tax Compliance Requirements

Ways & Means Approves Small Business Tax Bill

Small Business and Infrastructure Job Creation Bill

Senate Passes American Workers, State and Business Relief Bill of 2010

The Senate, on March 10, 2010, passed the American Workers, State and Business Relief Bill of 2010 (H.R. 4213), by a vote of 62 to 36. The measure would extend through 2010 approximately $30-billion worth of expired tax provisions, including the research and development tax credit, accelerated depreciation for certain small businesses and tax credits for biodiesel and other renewable fuels, plus various provisions of the American Recovery and Reinvestment Act (2009 Recovery Act) (P.L. 111-5), and a Medicare physician payment update through the end of September 2010. The measure also extends through the end of the year increased unemployment and COBRA benefits

House Passes Legislation Encouraging Donations to Victims of Chile Earthquake

On March 10, 2010, the House unanimously passed a bill (H.R. 4783) that allows individuals who make charitable contributions to the victims of the Chile earthquake to take an itemized charitable deduction on their 2009 tax return, as opposed to claiming the deduction on their 2010 tax return. Contributions must be made after February 26, 2010 and on or before April 15, 2010.

The bill also extends the time period for which a charitable donation to the victims of the earthquake in Haiti can be claimed on an individual's 2009 tax return. Pursuant to P.L. 111-126, taxpayers who make monetary contributions to the victims of the earthquake in Haiti after January 11, 2010, and before March 1, 2010, can claim an itemized charitable contribution deduction on their 2009 federal tax return. H.R. 4783 extends that time frame to include donations made on or before April 15, 2010.

House Amends and Passes $15 Billion Jobs Bill

Senate Amendment 3310 to H.R. 2847

President Signs Short-Term Funding of COBRA, Unemployment Benefits

Temporary Extension Act of 2010

Senate Passes $15 Billion Jobs Bill

Senate Amendment 3310 to H.R. 2847

Obama Unveils Health Care Proposal

President Obama's Health Care Proposal

$15 Billion Jobs Bill Headed for Final Vote in Senate

Senate Amendment 3310 to H.R. 2847

Obama Unveils $3.83 Trillion Budget; Tax Proposals Focus on Job Creation and Revenue

Budget Message of the President: Fiscal Year 2011 Budget
Office of Management and Budget Fact Sheets on Key Issues

President Signs Accelerated Tax Deduction For Haiti Earthquake Relief Into Law; IRS Announces Qualified Disaster Relief for Haiti

H.R. 4462 Legislation to Accelerate the Income Tax Benefits for Charitable Cash Contributions for the Relief of Victims of the Earthquake in Haiti
Senate Finance Committee Press Release: Senate Unanimously Approves Plan to Help Haiti
House Ways and Means Committee Press Release: House Unanimously Approves Bill to Allow Taxpayers to Claim Charitable Deduction in 2009 for Haiti Relief

IRS Unveils Comprehensive Preparer Reform Blueprint

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