Monthly Archives: July 2010

House passes spending bill with estimated tax changes. On July 1, by a vote of 215-210, the House passed H.R. 4899, a supplemental appropriations bill, which contains tax provisions including a change to the estimated tax rules for large corporations. … Continue reading →

IRS reviews differences between “power of attorney” and “tax information authorization” forms. In a recent IRS telephone forum, IRS explained the differences between Form 2848, Power of Attorney and Declaration of Representative, and Form 8821, Tax Information Authorization. The forum … Continue reading →

Small business and extenders bills deferred until after July 4 recess. Two important pieces of tax legislation were left unfinished as Congress headed into the Independence Day recess, the small business bill, and the extenders package. Small business bill. The … Continue reading →

OECD corporate tax rates continue to decline outside United States. Despite the impact of the global financial crisis on governmental budgets, corporate tax rates in many OECD member countries have continued to decline, according to data recently released by the … Continue reading →

Senate considers beefed-up small business tax package. Late on June 29, Senate Finance Committee Chair Max Baucus (D-MT) introduced a substitute amendment to the House-passed H.R. 5297, the Small Business Jobs and Credit Act of 2010, which includes a tax … Continue reading →

DC Circuit finds work product privilege barred document production The Court of Appeals for the District of Columbia Circuit, affirming the district court, has denied IRS’s motion to compel a taxpayer’s independent auditor to produce two documents in connection with … Continue reading →